Chris Foster Retains Leadership Of Omnicom's Expanded PR Group
Foster, previously CEO of Omnicom Public Relations Group, now leads a significantly larger group of PR agencies including FleishmanHillard, Ketchum, Porter Novelli, Weber Shandwick and Golin. The consolidation brings several of the industry's biggest global PR brands under the same umbrella for the first time as part of the world's largest marketing business.
The appointment sits within Omnicom's broader leadership structure, precipitated by the company's completion of its $9 billion acquisition of IPG last week, creating the world's largest marketing business.
Omnicom has organized the combined company into seven capabilities (media, PR, production, advertising, precision marketing, health and branding) each led by a designated CEO. In addition to Foster, they are Florian Adamski, Omnicom Media; Sergio Lopez, Omnicom Production; Troy Ruhanen, Omnicom Advertising; Michael Larson, Diversified Agency Services, overseeing health, branding and precision marketing; and Duncan Painter, Omni and Flywheel Commerce Network.
Enterprise-wide leadership appointments include Jacki Kelley, chief client & business officer, and Andrea Lennon, client experience officer, who will lead Omnicom's client success leader structure. George Manas, chief growth and solutions officer, will guide global new business and enterprise solutions.
Chairman and CEO John Wren, executive VP/CFO Phil Angelastro, and co-presidents/COOs Philippe Krakowsky and Daryl Simm continue in their roles.
“The expertise and dedication of our leadership team and the promise of our Connected Capabilities make us uniquely positioned to turn this moment into a catalyst for intelligent growth – for our people, our clients and our shareholders,” Wren said.“Together, we will be the go-to company that shapes how brands grow, people connect and culture evolves.”
Omnicom's leadership announcement Monday arrived during a period of heightened attention on the agency holding-company sector. Axios reported that WPP's US-listed shares rose on Monday following media speculation about possible interest from Havas and private equity firms - speculation that Havas, Apollo and KKR later publicly denied.
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