Cubitt managing partner Simon Brocklebank-Fowler confirmed Wylie would be leaving the firm within the next three weeks, adding that Wylie had agreed to sell his 17.5 per cent stake back to the firm’s partnership.
Wylie will be on gardening leave over the next few months. He declined to comment when contacted by PRWeek, but it is thought that he is set to take up a position with another agency.
Wylie’s equity is to be divided between Cubitt’s ten partners including vice-chairman Charles Anson and director and head of PA Mark Hatcher.
Wylie was previously at Citigate Dewe Rogerson where he was MD of the firm’s South African office and Brocklebank-Fowler was a board director. The two left to co-found Cubitt Consulting with former CDR investor relations director Noga Villalon plus former chairman of corporate finance house Nabarro Wells, Nigel Atkinson, in 1998.
In August, Brocklebank-Fowler took over the running of Cubitt’s account with online travel agent ebookers from Wylie after the agency was reappointed following a review of financial and corporate advice (PRWeek, 6 August).
Although he primarily worked for Cubitt’s small and mid-cap clients, Wylie also handled the firm’s account with Adecco and has worked for former Cubitt clients SAB Miller and Somerfield.
Cubitt made some high-profile hires this year, including Hatcher, a former PricewaterhouseCoopers head of global PA and MacMaster & Company IR director Kirsten Hendrie.
But it also suffered with the departure of head of retail IR Stephen Scott and the resignation of his replacement Ramona Tipnis barely two months after joining the firm.