2007'02.10.Sat
JWT President Michael Maedel Moves to Singapore

September 19, 2006

NEW YORK, Sept. 19 /Xinhua-PRNewswire/ -- JWT President Michael Maedel announced today that he will relocate from London to Singapore. The move, to be completed by mid-October, underscores JWT's drive to capitalize on the unprecedented opportunities developing in the Asian market. "We really didn't ask ourselves, 'Should we do this?'," says Maedel. "Instead we said, 'What are we waiting for?' After all, it is our fastest-growing region by far. And given what is going on in Asia, our clients and our agency must be represented at the highest possible level to take advantage of the opportunities." Maedel cites the emerging economies of Asia, home to more than half of the world's population, and the significant level of exports from Asia to the West. Additionally, he notes that World Trade Organization agreements are stimulating development in new markets such as Vietnam and that the region accounts for a rapidly growing portion of global advertising and marketing spending. In addition to partnering with multinational companies in the region, Maedel sees enormous opportunity to work with emerging brands throughout Asia. "Kingfisher in India and Haier and Lenovo in China already play on the big stage," says Maedel. "And there will be many, many more to come as these homegrown companies employ global branding to expand their offerings." A Rare Move While other agencies have hired or relocated senior executives to stimulate and manage opportunity in Asia, no other JWT-class firm has sent its president to oversee the region. The move is in line with JWT's longtime commitment to Asia: It has had a presence in the region for 75 years and currently ranks among the top three agencies in most Asian markets. JWT Shanghai and JWT Mumbai are among WPP's top 15 most creative offices. JWT's Agenda Maedel is planning several initiatives designed to invigorate and expand JWT's Asian presence: Acquisitions in China, India, Vietnam and Indonesia Expand Integrated Offering by strengthening capabilities in sampling and field marketing, public relations, online/interactive marketing, new media and CRM Growth Culture JWT will manage client growth opportunities by establishing a business development SWAT team for Asia and increasing training in regional offices. Regional Planning Function Maedel will establish a center of thought leadership for the region, building on JWT's commitment to cultural anthropology first. New proprietary planning tools for Asia will be rolled out in 2007. Client Development Maedel's presence in Asia represents a unique opportunity to strengthen client relations at the highest touch points. Maedel will be particularly involved with Kellogg's, Nestle, Ford in APAC and Unilever in APAC. He also will be heavily involved with local client brands seeking to break into the global arena. About JWT JWT, which celebrated its 142nd anniversary this year, ranks as the fourth largest full-service network in the world. Its parent company is WPP (Nasdaq: WPPGY). Some of JWT Asia's key clients include Ford, Unilever, Kellogg's, Lenovo, HSBC, China Unicom, Nestle, Kraft and the Diamond Trading Company. For more information, please contact: Lydia Shen Tel: +86-21-2405-0182 Email: Lydia.shen@jwt.com SOURCE JWT
PR
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