LONDON: Grayling CEO Michael Murphy will step down from his role as soon as a successor can be found, parent company Huntsworth said Thursday.

Murphy will resign as the agency's chief executive “to concentrate on building a portfolio career,” the UK-based holding company said in a statement.

Huntsworth named Murphy non-executive chairman on Thursday in addition to CEO until a replacement is found. At that point, he will remain a non-executive chairman on a part-time basis.  

Huntsworth CEO Peter ...