Cheil Struggles to Escape From Shadow of Samsung

http://adage.com/globalnews/article?article_id=148558
Michael Kim. a candid and charismatic Korean who was president of Cheil USA, took over the global chief operating officer post from Bruce Haines, who starts a new role in Seoul as chief strategy officer. Mr. Kim now oversees Cheil's day-to-day business operations while Mr. Haines will focus on growth through mergers and acquisition. In the last two years, Cheil has scooped up Beattie McGuinness Bungay in the U.K., Barbarian Group in the U.S. (a buy led by Mr. Kim in December 2009), Herezie in France and Open Tide China in Beijing.

Cheil, which is still 15% owned by Samsung, is No. 19 on Ad Age's ranking of the world's top 50 agency companies, with worldwide revenue of $312 million in 2009.