Media buying agency GroupM has promoted Ajit Varghese as CEO, Maxus Asia-Pacific, effective January 2014. Currently, Varghese is designated as Managing Director of Maxus South Asia.
In his new role, Varghese will oversee Maxus operations in all Asia-Pacific countries. As CEO, he will relocate to Singapore and will report to Mark Patterson, CEO, GroupM APAC, and Vikram Sakhuja, CEO, Maxus Global.
He will take over the role from Neil Stewart, who is being promoted as Chief Client Officer of Maxus Global. Both Varghese and Stewart are to work closely during the six-month transition period, a company statement said.