NEW YORK: KCSA founder Herbert Corbin is stepping down as CEO of the independent agency after more than 30 years.
His son, Jeffrey Corbin, assumed his new role as CEO last week.
The senior Corbin will continue in his role as chairman of KCSA's board. His son joined the agency as VP of the IR practice in 1996, after six years practicing corporate law.
Jeffrey Corbin, 39, said that KCSA, which has satellite offices in Europe and Israel, will look toward expansion in the Asian market in the coming year. The firm recently added "a major player in the tobacco industry" in Japan to its client list, he said, adding that KCSA's revenue rose 10% in fiscal 2004.
"There comes a point in time in any firm where you look at the leadership of the firm ... [and] it's time for that leadership to reflect the future," he said. He added that the majority of the agency's employees are 35 to 45 years old.