MP & Silva: Marco Auletta resigns as CEO, on 28/09/2016

Marco Auletta has resigned as the CEO of MP & Silva, announced the British media rights agency, on 28/09/2016. "Following the successful creation of the partnership between Baofeng, Everbright and MP & Silva, Marco has decided this is the perfect moment to resign his position as CEO and continue with new business ventures. MP & Silva is in the process of appointing a new CEO," stated the agency.

Shanghai Jin Xin, a Chinese investment fund, acquired a 65% interest in MP & Silva, announced the British marketing and media rights agency on 24/05/2016. Shanghai Jin Xin is a holding company created specifically for this acquisition by China Everbright Ltd, a Chinese financial services company, and Beijing Baofeng Technology Co Ltd, an entertainment company specialising in virtual reality and digital entertainment. The current shareholders of MP & Silva, including Riccardo Silva, have retained a 35% stake after the transaction. The acquisition values the agency at $1.4bn (€1.26bn), according to the website Bloomberg on 23/05/2016.

Marco Auletta worked at MP & Silva for eight years, first…