Burson insiders speculate on CEO Nides departure

NEW YORK: Tom Nides, just 10 months into his stint as Burson-Marsteller CEO, may already be in discussions to leave, sources close to the situation have confirmed.

NEW YORK: Tom Nides, just 10 months into his stint as Burson-Marsteller CEO, may already be in discussions to leave, sources close to the situation have confirmed.

Speculation that Nides might depart the Y&R firm began last month after John Mack returned as CEO at Morgan Stanley (MS). Mack is expected to re-populate the firm with old loyalists; Nides and Mack worked closely together at Credit Suisse First Boston until summer 2004.

Several sources with knowledge of the situation have confirmed that Nides is believed to be discussing a return to the financial powerhouse.

Both MS and Burson spokespeople declined to comment on the speculation.

Prior to arriving at Burson in November, Nides was global chief administrative officer with Credit Suisse First Boston. His current job is his first with a PR agency.

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