Brown To Leave Csm Sport And Entertainment
CEO of CSM Sport and Entertainment, Zak Brown, is set to step down from his role 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.
Brown founded motorsports marketing agency JMI in 1995, which was acquired by CSM, the sport and entertainment division of Chime Communications, in 2013.
Brown has brought in brands including Johnnie Walker, Martini and UBS into Formula One through sponsorship deals.
His departure surrounds reports he could play a key role in the running of Formula One following its £4.4bn takeover by Liberty Media Group earlier this month.
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.
“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.”
He will continue as chairman of the global advisory board at CSM and non-executive chair of JMI.
