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Smith exits top job at Starcom.(Linda Smith)(Starcom MediaVest Group)

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Linda Smith vacates chief executive position for 'advisory role' following pounds 30 million Cadbury loss.

Linda Smith is stepping down from her role as the UK chief executive of the Publicis-owned Starcom with immediate effect, and will be replaced by Stewart Easterbrook, the chief operating officer at Starcom MediaVest Group.

Smith, who has been in her current role since December 2005, will stay on with SMG as an executive director to work on initiatives including its people-development programme.

She will also take an advisory role to help manage Easterbrook's transition. At the end of the year, she will move to a new group role that 'matches her desire to spend more time with her family as well as broadening her management horizons', according to a statement from Starcom.

Easterbrook has been with Starcom for more than ten years in positions including client managing director for Starcom in the UK and operations director for Starcom MediaVest.

Smith said: 'I love working at SMG and have really enjoyed the chief executive position, but I am now at the point where I wish to create ...

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