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Week in Review: 7 key stories from May 16-20, 2022

Marcus Thomas announces CEO transition

The integrated marketing agency on Monday morning, May 16, announced that advertising industry veteran Nancy Hill will become CEO on June 1. She will succeed Jim Nash, CEO of Marcus Thomas for the last 30 years, who will continue to help guide the agency as vice chair of the board of directors.

Inside the Lucrative and Murky World of Advertising Search Consultants

Inside the lucrative and murky world of advertising search consultants Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Agency searches are ramping up, putting billions of dollars at stake, and highlighting the search consultant s role. Some consultants perform services for agencies as well as marketers, leading to some criticism. Their role has come under more scrutiny in the pandemic as some hustle for more business from agencies. Advertisers are ramping up new agency searches, putting billions at stake for ad agencies and spotlighting the role of search consultants who help decide which agencies will win the business.

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