Hedges will take a career break before deciding his next steps, adding that he is not ‘looking to retire to the South of France’.
He said: ‘It's never easy to leave a successful organisation, particularly with one's name above the door. However, my decision has been made a little easier by the fact that I leave the businesses in the excellent hands of Simon, who joined shortly after me, and such strong management teams across the group.’
Matthews paid tribute to Hedges’ ‘tremendous impact’ to the group, while suggesting there are plans for ‘a fresh direction’ for the agency.
The FH Group includes consumer agency Seventy Seven PR, branding and design business Further and digital business Brew. Matthews will work alongside the management teams of the group businesses in his new chairman role.
Hedges will remain with the business for the next few months as part of the handover process.
Meanwhile, FD and group COO Daniel Mines has also decided to leave the business. Mines has worked within the FH group for 16 years, as finance director and latterly helping develop the emerging businesses within the group.