IPG Announces Board Transition
November 18 2021 - 7:00AM
Interpublic Group (NYSE: IPG) announced today that Michael Roth,
Executive Chairman, will retire from the company and the Board of
Directors on December 31, 2021 and that David Thomas has been
elected to serve as non-executive Chair of the Board, effective
January 1, 2022. These actions complete the transition plan
announced in October 2020, when Philippe Krakowsky was announced as
CEO, effective January 1, 2021.
“My time as Chairman and CEO of IPG has been a tremendous
privilege,” said Michael Roth, the company’s current Executive
Chair. “I am most proud of the work we have done to help shine a
light on equity and inclusion, as well as being a values and
purpose-driven enterprise. Operationally, we have evolved to meet
the needs of an industry that is not only creative, but also
increasingly about digital and data. Philippe has been key to the
efforts to move the company forward on all these fronts, working
with me and the board to build a contemporary organization that
delivers high-value services for marketers. Our clients, people and
shareholders are in very good hands going forward.”
“I am honored that my fellow directors have asked me to serve as
Chair of IPG’s Board of Directors,” said Mr. Thomas. “On behalf of
the board, I want to thank Michael for his nearly 20 years of
service to IPG. His leadership has been instrumental in making IPG
the advertising sector’s top-performing company across a range of
key financial and operational metrics. I look forward to working
with Philippe and my fellow board members to continue building on
our successes, working together to create long-term value for our
stakeholders.”
“Michael’s leadership has always demonstrated that doing the
right thing for our people and the communities in which we operate
is good for our business,” said Philippe Krakowsky, CEO of IPG.
“For the industry at large, he was the first to clearly articulate
the importance of making diversity and inclusion business
priorities. He also set an agenda for IPG that was fully
client-centric, as we looked to bring collaborative, cross-agency
teams together under our Open Architecture model. Michael has
brought an insightful, calm and focused approach to problem-solving
for a range of complex business challenges. On behalf of all our
people, I want to thank Michael for two decades of thoughtful,
measured and principled leadership.”
# # #
About InterpublicInterpublic (NYSE: IPG) (www.interpublic.com)
is a values-based, data-fueled, and creatively-driven provider of
marketing solutions. Home to some of the world’s best-known and
most innovative communications specialists, IPG global brands
include: Acxiom, Craft, FCB, FutureBrand, Golin, Huge, Initiative,
Jack Morton, Kinesso, MAGNA, Matterkind, McCann, Mediahub,
Momentum, MRM, MullenLowe Group, Octagon, R/GA, UM, Weber Shandwick
and more. IPG is an S&P 500 company with net revenue of $8.06
billion in 2020.
# # #
Contact InformationTom Cunningham (Press) (212) 704-1326
Jerry Leshne (Analysts, Investors) (212) 704-1439
Interpublic Group of Com... (NYSE:IPG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Interpublic Group of Com... (NYSE:IPG)
Historical Stock Chart
From Apr 2023 to Apr 2024