Siobhan Molloy, the Managing Director of Weber Shandwick Ireland, has agreed a deal to buy the business from its owner Interpublic Group (IPG) for an undisclosed sum in a management buy-out.
The communications and public relations agency will be independent from IPG and serve as a Weber Shandwick partner in Ireland.
Founded in 1989 and originally known as Financial & Corporate Communications (FCC), the firm became part of Weber Shandwick in 2000.
Ross Williamson, the Managing Director of Weber Shandwick's Northern Ireland office, has also acquired the business in the North and will continue to work in partnership with the Dublin team and Weber Shandwick.
"Operating as an independent agency will provide us with us with additional opportunities and agility to develop our business in this market while remaining as the Irish partner to the international Weber Shandwick network, which has served us well for the last 20 years," Siobhan Molloy said.
Ms Molloy said today's deal is a win-win for both clients and staff.
"We have local autonomy for the business, whilst staying close to our expert colleagues across the Weber Shandwick world. To be able to make this change with the support and partnership of IPG and Weber Shandwick's senior management team reflects the progressive leadership the company demonstrates every day," she added
