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Lowe regional chairman and CEO Gilbert exits

HONG KONG - Lowe Worldwide regional chairman and CEO Nigel Gilbert will depart from the network at year-end after almost two years in the role.

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Gilbert's departure follows Lowe's move in February to a new global structure centering on lighthouse lead agencies in major markets, according to Media Asia. 

No replacement will be named, with the four regional lighthouses -- Mumbai, Bangkok, Shanghai and Sydney -- reporting into its global HQ.

"Since February, my principal role has been in helping cement the new structure across APAC, as well as hiring some key senior talent and I am pleased with the transition," said Gilbert.

After expanding Lowe's grip on HSBC since 1998, Gilbert was appointed to run Lowe's Asia Pacific operations in early 2004, but suffered a major setback when the network lost the bank's business mid-way through that year, sparking major consolidation of its Asian operations. Gilbert will return to the UK at year-end.

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