Saatchi & Saatchi CEO, Europe Middle East and Africa (EMEA), Simon Francis and Saatchi & Saatchi Beirut (Lebanon and Jordan) CEO Eli Khoury today confirmed the dissolution of the network membership agreement between the two parties, effective 24 December 2009.
Saatchi & Saatchi Beirut Sal’s major shareholders are Quantum Holding Sal and Saatchi & Saatchi Holding Ltd.
Francis said “We’d like to thank Eli and his team for their successes and contributions over the last 18 years, and wish them continuing success in the future.”
Khoury thanked Francis and Saatchi & Saatchi for their support to the agency’s success. He confirmed that the withdrawal from the network aims at implementing his agency’s wider plan for the Greater Middle East.
Saatchi & Saatchi EMEA will soon announce the next phase of its plans in the Middle East.
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