Caribiner UK managing director Mark Wallace has announced his resignation just days after Caribiner Group’s events arm, Caribiner Communications, was sold to the Interpublic Group (DW 24 March).
Wallace will remain in his present role until the summer. Caribiner Europe chairman Lois Jacobs says Wallace’s stepping down is not directly linked to the sale of the company to Interpublic Group’s Jack Morton Company.
“I am aware it could be construed as a result of the merger, but it is coincidental. I think it is probably a good time to make the decision now that we will be re-organising,” says Jacobs.
Wallace joined the group when his own business, MWA, was bought by the then Spectrum Communications. Wallace helped to engineer the sale of Spectrum to the Caribiner Group in 1997, when he landed his present title.
“Mark is with us for quite a few months yet. We are doing a large project for the Ministry of Defence that Mark has been heading, and he is staying until it is finished,” says Jacobs.
She adds that first details of the new merged group will be available at the end of the month.