Prominent industry figure David Verklin is stepping down from his position of CEO of Aegis Media North America for undisclosed reasons.

Sarah Fay, currently CEO of Carat and Isobar USA, will take over the job. Fay is one of the few interactive agency pioneers to reach the upper echelon of traditional agency networks.

AdAge.com reported that Verklin is expected to lead Project Canoe, a consortium aimed at establishing technical standards for placing interactive and addressable TV ads across multiple cable operators.