Andrew Benett, who was brought on to Bloomberg Media as its global chief commercial officer, is no longer in the role.
Benett joined Bloomberg Media in 2017 in a newly created position for the publisher to build a group that was intended to go head-to-head with creative and public relations agencies.
Stephen Colvin, who has been the global head of Bloomberg Live for more than two and a half years, will take his place. Benett will stay at the company to phase Colvin into the role until Oct. 15.
Colvin’s new title will be global head of advertising and marketing, and he’ll report directly to Bloomberg Media CEO Justin Smith. In his position, he’ll continue to oversee Bloomberg Live as well as positions in marketing, practice and regional sales.
Smith credited Colvin with doubling the number of live events and adding new franchises, calling him “an exceptional leader with deep knowledge of Bloomberg and years of experience in the media industry” in a note to staff on Tuesday.
Specifically, franchises like Bloomberg Invest, Bloomberg’s Equality Summit and Sooner Than You Think were developed under Colvin.
In his role at Bloomberg Media, Benett oversaw global ad sales, consulting and marketing services, building what Smith called a “strong foundation” for the company’s commercial approach. It’s not clear what position he’ll take next, and he did not immediately respond to requests for comment.
Before Bloomberg Media, Benett spent more than a decade at Havas Worldwide, holding leadership roles in strategy and creativity before rising to global CEO of Havas Creative.