MAM
Havas picks up majority stake in Mediaxis MPG
MUMBAI: Fortifying its position in the Swiss ad market, global media group Havas Media has acquired its majority stake in Zurich based media group Mediaxis MPG.
Havas Media and MPG have been associated for the past nine years. The majority stake is in effect from today.
Mediaxis MPG will remain the group‘s main operational brand and founder Peter Hofstetter will continue as chairman and member of executive committee. The management of the company will remain on board as key elements on the new long-term joint expansion plan.
Mediaxis MPG is a qualitative media agency with a client list that includes Reckitt Benckiser, Danone, Lindt, Barclays and Hermes.
Havas Media CEO Alfonso Rod?©s said, “The Swiss market is a key market for Havas Media and I am delighted that following a prosperous nine year relationship, the management team have decided to further commit to the group and officially join our other 122 markets worldwide.”
Mediaxis MPG chairman Peter Hofstetter added, “We have all prospered as a result of our partnership and joining the Havas Media team is a natural step in further strengthening the group‘s operations in the Swiss market. The existing management team have committed to driving this group forward and look forward to continuing to benefit from Havas Media‘s tools and wider thought leadership activity such as its Meaningful Brands framework.”
Brands
UltraTech Cement appoints Jayant Dua as managing director
Dua will succeed K. C. Jhanwar after his term ends in December 2026
MUMBAI: UltraTech Cement, the flagship cement arm of the Aditya Birla Group, has elevated Jayant Dua as managing director, effective 1 April, 2026.
The company’s board also approved his appointment as additional director, managing director and key managerial personnel, effective 1 January, 2027, following the completion of the current managing director K C Jhanwar’s term on 31 December, 2026, according to a regulatory filing.
Dua will serve as managing director for a four-year term from 1 January, 2027 to 31 December, 2030.
A veteran executive with more than 37 years of professional experience, Dua joined the Aditya Birla Group’s cement business in 1996 and spent nearly a decade in various functional and leadership roles.
Over the past two decades, he has held several profit-and-loss and chief executive responsibilities across multiple group businesses, including insulators, insurance, Century Cement and the chlor-alkali segment. In 2023, he was elevated to lead the group’s renewables and textiles businesses.
Within the group, Dua has received several internal honours, including the chairman’s individual award for exceptional contribution in 2002, the outstanding leader award in 2009 and the leader of leaders recognition in 2022.
He holds an engineering degree from Indian Institute of Technology Delhi, an MBA from International Management Institute and has completed the advanced management programme at Harvard Business School.
