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TBWA CHIAT/DAY APPOINTS NEW PRESIDENT

TBWA Chiat/Day will begin the new year with a new president at the Toronto-based advertising agency. David Fong will succeed Steve Hancock as president of the agency. The announcement was made late last week. Hancock, who has led the agency for the past five years, will be leaving to start up an e-commerce business focused on assisting companies in the development of their e-commerce capabilities. Fong, who will relocate to the Toronto office in January, co-founded TBWA's operation in Singapore in 1995. Under his leadership, the agency has become the fourth largest ad shop in the market. Hancock will work with Fong over the next few months in order to ensure a smooth transition of his current responsibilities.

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