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McClain Finlon Changing Hands
After 26 years of mostly ups (and one very tough down of late), Denver’s well-respected McClain Finlon is changing ownership as announced today. Paul Leroue, current President of the agency, will become primary owner. He acquired the agency from Cathey McClain Finlon. The agency will continue as McClain Finlon and the ownership change is a friendly internal transition. Leroue will become CEO in addition to his responsibilities as President. Cathey Finlon will be an investor in the firm and chair of the board.
A few select quotes from the release:
“My vision for McClain Finlon from the very start was to build a 50 year business from a Denver base,” said Cathey Finlon, CEO of the firm. With 24 years to go and maybe more, the 62 year old Finlon said, “We’ve built a great legacy for the future. And now it is time to turn the reins over to a new leader.”
“We will continue the business approaches which have made McClain Finlon strong, ” said Leroue. “Cathey has done a great job running this organization for a long time. My goal is to carry on her legacy.”
Good luck to all for a big turn around soon.
65 days ago / / Link
sell when we’re billing 200m or sell when we bill ?. Sounds like someone (named Cathy) left her chips on the table to long. But on the bright side the agency still has her name on it. Like JC Penny.
— someone · Jun 17, 09:22 AM · #
Hmmm….is anyone here getting that old Thomas & Perkins Deja vu? This is what happened to them before they sunk, right?
— Chris · Jun 17, 06:52 PM · #
Anyone in the advertising industry knows the ups and downs…period. Leroue has quickly earned a great deal of respect from his peers and employees. The view from the inside is positive and optimistic, although I cannot say the same of the view from the outside. After all, that’s where all the unsubstantiated rumors are born and will continue to circulate. Sad.
btw…weren’t the doors supposed to be closed weeks ago? hmph…must’ve been a rumor
— ViewFromTheInside · Jun 18, 11:21 AM · #