NEW YORK: Catalyst SVP and MD Bret Werner and SVP Bill Holtz are leaving the agency nearly three years after selling it to IMG Worldwide.
SVP Ted Fragulis will remain at the firm.
"It has been an incredibly rewarding 10-year experience building Catalyst into an award-winning agency and successfully integrating the firm into IMG over the last three years," said Werner, in a statement.
He did not disclose his next move. However, Werner did wish his friends and colleagues the best and said he is looking forward to his next professional challenge in the statement.
Before IMG bought Catalyst at the end of 2012, Werner, Holtz, and Fragulis all held the title of managing partner. It is understood that the three executives signed a three-year commitment to stay at the agency once it was sold.
"We thank [Werner] and [Holtz] for their hard work and leadership these past three years, and we wish them all the best in the future," said Ed Horne, EVP of strategy and activation at WME/IMG, in a statement.
Prior to leading Catalyst for 10 years, Werner spent 15 years at Taylor and was one of the firm’s youngest VPs, according to his bio on Catalyst’s website. He was one of PRWeek’s 40 Under 40 honorees in 2011.