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Carat rocked as Aegis' European chiefs walk out.(Bruno Kemoun, Eryck Rebbouh)(Brief Article)

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| November 07, 2003 | COPYRIGHT 2003 Haymarket Business Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Bruno Kemoun and Eryck Rebbouh, the joint chief executives of Carat's parent, Aegis Media Europe, have unexpectedly left the company.

A hurriedly issued statement yesterday morning said the pair, who also sit on the Aegis board, are stepping down to pursue other professional interests.

However, insiders suggest that Kemoun and Rebbouh, who have worked with the group for 18 years, have repeatedly clashed with the Aegis plc chief executive, Doug Flynn, over the future direction of the company.

In particular, it is believed that Kemoun and Rebbouh were unhappy with the levels of investment Flynn has allocated to the Aegis research business Synovate at the expense of the core media planning and buying agency network. One insider said: 'Their vision isn't the same as Doug's and they hadn't endeared themselves to him.'

However, sources in Paris said that Flynn had held talks with WPP over a possible deal leading ...

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