ENVOY PRESIDENT TO DEPART
By Adnews Staff
Tom Wright, president and chief operating officer of Toronto-based Envoy Communications Group, will leave the company at the end of May as part of the firm's ongoing restructuring. Wright joined the company last year to oversee its operations and growth. Instead he spent his first two fiscal quarters dealing with staff reductions, office closures and cost-cutting measures. "As all of these changes have been implemented and Envoy's acquisition strategy temporarily restrained, a smaller holding company no longer needs nor can responsibly afford both a CEO and COO," said company chairman and chief executive officer Geoff Genovese. "As such, and with mutual agreement, Tom has elected to move on from Envoy and pursue other opportunities."