It has been announced today that Zak Brown intends to step down as Group CEO, CSM Sport & Entertainment, at the end of the year.
Chris Satterthwaite, CEO of Chime Communications, will join the CSM leadership team through to the end of the year.
During his term as CEO, Zak oversaw greater integration of the CSM group of agencies, positioning the business to take advantage of its international footprint and market-leading expertise.
Zak founded JMI, the world’s largest motorsport marketing agency, in 1995, which was acquired by CSM, the sport and entertainment division of Chime Communications, in 2013.
Zak commented: “I feel privileged to have been part of an extraordinary team during my tenure. I’m satisfied that we have achieved what I set out to do, from the successful integration of JMI into CSM through to preparing a strong business for a successful future.” He continued: “I would like to thank both Chris Satterthwaite and CSM Chairman Lord Coe for their invaluable support and commitment, without which these accomplishments and many more would not have been possible. I will take this experience forward to my next chapter in the arena I know best, motorsport.”
Chris Satterthwaite, CEO, Chime Communications commented: “I would like to thank Zak for his formidable focus, inspired and passionate leadership of CSM which has been instrumental in galvanising and preparing the business for the future. We wish him well in his future endeavours.”
Zak has agreed to continue his involvement with CSM as Chairman of the Global Advisory Board and Non-Executive Chairman of its motorsport arm, JMI.