Interpublic Names Kristen Cavallo CEO of The Martin Agency
December 12 2017 - 12:31PM
YASTEST
Richmond, VA - December 12, 2017 - Interpublic
Group (NYSE: IPG) announced today that, effective immediately,
Kristen Cavallo is being named Chief Executive Officer of The
Martin Agency.
For the past seven years, Ms. Cavallo has been an
executive leader at Mullen, then MullenLowe Group, most recently in
the role of U.S. Chief Strategy and Growth Officer, where she
oversaw strategy and helped manage business development for
the agency's four domestic offices. Prior to that role, Ms. Cavallo
was President of Mullen's dynamic and successful headquarters
office in Boston. Before joining Mullen, Cavallo spent 13 years at
The Martin Agency, rising from strategic planning director to the
role of Senior Vice President, business development, for the
Richmond-based agency.
"The Martin Agency has established its place as a
storied brand, serving great clients and producing some of the
industry's most awarded creative work. Kristen spent her formative
years at the agency, so she knows how special a place it can be.
She has also spent a number of years away from the agency, at one
of the most progressive companies in the IPG portfolio, helping it
develop its fully integrated offering, and grow into first a
national presence, and more recently an international network. As a
result, she brings with her a unique perspective and a fresh set of
eyes that can inform The Martin Agency's future," commented Michael
Roth, Chairman and CEO of Interpublic Group. "Kristen has been
described as bringing stability and purpose to teams and
organizations, even those on unstable ground. When she oversaw
business development at The Martin Agency, the firm doubled in size
and was named Agency of the Year by Adweek. At the helm of MullenLowe's Boston operation,
and then as the head of strategy and growth for their U.S.
operations, she helped drive double-digit growth at that network.
Kristen loves a challenge and we're very happy she's agreed to take
on this key role in what has for many years been her home
town."
Ms. Cavallo is a long-standing champion of women's
issues. She was an inaugural board member of IPG's Women's
Leadership Network in 2007. She has spoken on women's issues
at the 3% Conference, the Cannes Lions International Festival of
Creativity and Hult International Business School. She is twice a
winner of the Jay Chiat Award and was named an Ad Age Woman to Watch in 2014.
"This is an important moment. I want people to
feel the possibilities that exist for this agency. They are talking
about us, but soon I hope they are rooting for us. As a strategist,
I love opportunities for transformation, and feel fortunate to play
a part, with the full support of Interpublic and its leadership, to
help re-write the ending of this chapter," commented Kristen
Cavallo, CEO of The Martin Agency. "Obviously, there is a need for
a new direction, and the culture has to evolve. To be the first
female CEO of this agency, in this year, under these circumstances
- the weight of this isn't lost on me. It's going to be hard, but
we can do hard things. As a mom, I want my kids to see that, and to
set an example that resilience and possibility matter."
As Interpublic completes its investigation, and in
order to support Ms. Cavallo during the period of leadership
transition, The Martin Agency will report directly to IPG.
# # #
About Interpublic
Interpublic is one of the world's leading
organizations of advertising agencies and marketing services
companies. Major global brands include Craft, FCB (Foote, Cone
& Belding), FutureBrand, Golin, Huge, Initiative, Jack Morton
Worldwide, MAGNA, McCann, Momentum, MRM//McCann, MullenLowe Group,
Octagon, R/GA, UM and Weber Shandwick. Other leading brands include
Avrett Free Ginsberg, Campbell Ewald, Carmichael Lynch, Deutsch,
Hill Holliday, ID Media and The Martin Agency. For more
information, please visit www.interpublic.com.
# # #
Contact Information
Tom Cunningham
(Press)
(212) 704-1326
Jerry Leshne
(Analysts, Investors)
(212) 704-1439
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: INTERPUBLIC GROUP OF COMPANIES, INC. via
Globenewswire
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