A team of Qorvis executives has completed a management buyout, wholly acquiring the D.C.-based public affairs specialist shop from holding company Publicis Groupe, reports PRWeek.

The change went into effect on December 31, 2022, according to an agency statement. PRWeek reports: “Led by CEO Matt Lauer, (shown above), Qorvis’ management buyout team includes Maria Jose Abad, COO; Samantha Sault, chief editorial officer; Richard Silipigni, chief development officer; and Özkan Yilmaz, CFO.

“Other staffers taking part in the buyout include managing partners Grace Fenstermaker, EMEA, and Brad Klapper, Washington, DC, and Brian Lewis, global head of compliance.”

Qorvis, which will retain its name, will continue to be headquartered in Washington, D.C., the firm said in a statement. PRWeek reports the agency is planning to launch a reimagined brand identity and vision in the coming weeks, with immediate plans to build on its presence in Dubai, Geneva, Brussels and Barcelona.

More here.

Photo: Qorvis photo of Matt Lauer