Jaime Robinson is leaving Joan, the independent advertising agency she co-founded in 2016, effective immediately. Robinson spent 10 years building the shop from zero to a client roster that has included Parachute Home, Recess, and Match Group properties. Joan confirmed the departure internally this week. No external advisory firm was named. No equity sale was announced.

The succession plan promotes Lisa Clunie, previously Chief Operating Officer, to sole CEO. Clunie joined Joan in 2019 from Virtue Worldwide and has been running day-to-day operations since early 2024. Robinson will retain an undisclosed equity stake and board seat but will not maintain an office or client-facing role. The agency employs roughly 75 people across New York and Los Angeles. Revenue figures remain private, though Joan billed an estimated $12 million in 2023 according to agency development databases. Robinson's departure follows a pattern: independent founders exiting at the 8-to-12-year mark, typically before a sale or after one. Joan has taken neither path.

The timing matters because independent agency acquisitions have compressed. Holding companies paid 3.2x revenue multiples in 2021 for shops under $25 million in billings. That figure dropped to 2.1x by late 2024, per Oaklins data. Robinson's exit without a transaction suggests either that Joan's ownership structure makes a sale unattractive, or that the agency is positioning for one in 12 to 18 months after leadership stabilizes. Clunie's operating track record will determine whether Joan can maintain client relationships that were built on Robinson's creative reputation. Robinson was the public face. Clunie ran the P&L.

Brand-side operators should note that Joan pitched aggressively into DTC and lifestyle categories where founder-led creative was the product. Robinson's creative direction won Joan its early Parachute and Recess mandates. Those clients have since consolidated agency rosters. If Joan loses a top-three client in the next six months, it will signal that Robinson's departure was reactive, not planned. If the roster holds and Joan adds a mid-seven-figure account before Q3 2025, Clunie's transition will be considered clean.

The forward indicator is Joan's new business pipeline. Independent agencies without a famous founder win on process, not personality. Clunie will need to close at least one $3 million+ account by September to prove Joan's model survives Robinson's exit. Watch for senior creative hires in Q2. If Joan recruits a named ECD from a larger shop, it confirms the succession plan was designed to dilute founder dependency. If no hires come, the agency is betting Clunie alone can carry the brand. That works until it doesn't.