IMG Worldwide announced that Michael Dolan has been named chairman and chief executive officer. He replaces Ted Forstmann, who passed away Nov. 20 having appointed Dolan to president and chief operating officer in April as part of a succession plan.
Dolan (pictured) joined IMG in 2010 and has been key to the company’s expansion into China, India, Brazil and other growth territories, in addition to leading several strategic acquisitions enabling the creation of new revenue platforms for the company.
He previously served as executive vice president and chief financial officer of Viacom, where he led the spin-off of Viacom from CBS. Before that he was chairman and chief executive officer of Young & Rubicam, having joined that company in 1995 as executive vice president and chief financial officer, and he led the 1996 recapitalization of the company and subsequent IPO in 1998.
Dolan’s prior experience also includes serving as chairman and chief executive officer of Snack Ventures Europe, a joint venture between General Mills and Pepsi Foods International. He currently serves as member of the board of directors of Mattel Inc. and Bacardi Ltd.
“IMG has lost an outstanding leader and friend in Ted Forstmann,” Dolan said in a statement. “I am proud and honored to take on this role and to continue building IMG for future growth and success. IMG is an extraordinary company with scale, scope and assets that are unrivaled within the industry. With IMG’s strong leadership team, strong businesses, and new and exciting revenue opportunities, I am confident that we can continue to grow this company long into the future.”
IMG Worldwide is a global marketing, licensing, media rights and management firm that specializes in sports. It has operations in 30 countries that include: IMG College; IMG’s joint ventures in China, Brazil and India; IMG Media; IMG Events and Federations; IMG Fashion; IMG Models; IMG Art+Commerce; IMG Clients; IMG Academies; IMG Consulting; and IMG Licensing.
Press release – http://tinyurl.com/7whwyh6
IMG’s biography of Ted Forstmann – http://tinyurl.com/82tarv5