NEW YORK—Aaron Kwittken, who was named president of Havas-owned Euro RSCG Magnet in November of last year, has resigned and says he intends to launch “a new business venture” that will be announced shortly.
Kwittken’s departure marks a continuation of leadership turnover at Magnet, which has continued since it was formed by the merger of the former Creamer Dickson Basford and Kratz & Jensen in 2000. The firm’s first chief executive, Darryl Salerno, left after around a year and was succeeded by David Kratz, who departed in 2004.
The firm has also lost other key talent, including Don Middleberg—who stepped into a consulting role after Magnet merged with sister firm Middleberg—and president Paul Jensen, who left for a role in the New York office of Weber Shandwick in March of this year.
There was no comment from Magnet concerning a successor to Kwittken, but Patrick Risk, executive vice president and chief financial officer, is believed to be the most senior executive after Kwittken.
Kwittken says he is “very excited about moving forward” and will announce his future plans after “working out the transition with Euro.”
Kwittken began his career at Barksdale Ballard and held positions of increasing seniority with Manning Selvage & Lee, Ketchum, Fleshman-Hillard and GCI Group, as well as working as managing director with VennWorks, a private equity firm in New York.