• by Joe Mandese  @mp_joemandese, September 5, 2008

Aegis Group this morning announced that former Aegis Media CEO Mainardo de Nardis has stepped down as a director of Aegis' board. He left the Aegis Media CEO role in May when Aegis promoted Jerry Buhlmann to that position from CEO of Aegis Media EMEA.

On Tuesday, Aegis granted Buhlmann 96,920 shares of Aegis stock, bringing his maximum potential award to 1,229,655 shares based on certain performance conditions through September 2011. Based on Aegis current share value and currency exchange rates, Buhlmann's award would be worth $1.937 million today.

In other Aegis news, MediaDailyNews has learned that Paul Singer is one of the top executives to leave the organization recently. Singer, who had been president of diversified services for Aegis Media North America, is believed to have joined former Aegis Americas CEO David Verklin in a senior capacity at Canoe Ventures.