Publicis boss Maurice Lévy to step down in 2017 amid board shake-up

Publicis Groupe chief executive Maurice Lévy is to step down in 2017 amid a management shake-up at the company.

Maurice Levy: Publicis boss to step down
Maurice Levy: Publicis boss to step down

Saatchi & Saatchi chief executive Kevin Roberts will also depart in 2017, while chief operating officer Jean-Yves Naouri leaves the board with immediate effect. In the wake of the failed merger with Omnicom, Publicis’ senior leadership group, known as the Directoire is being replaced with a new team, which will be known as Directoire+.

The existing Directoire comprises Lévy, Roberts, Naouri, chief financial officer Jean-Michel Etienne and senior vice president, compliance and legal, Anne Gabrielle Heilbronner. Their current terms of office are to end with immediate effect.

The new Directiore+ includes Lévy and Roberts but both will depart in 2017. The other members are Starcom MediaVest Group chief executive, Laura Desmond, ZenithOptimedia chief executive, Steve King, Publicis Worldwide chief executive, Arthur Sadoun and Publicis Groupe chief strategist, Rishad Tobaccowala. Etienne is also included in the group, however, Naouri is not.

The new group is appointed for a period of four years. The restructure is intended to "lead the way for a new generation at the helm of the Groupe".

As of 1 January 2015, Roberts will serve as executive chairman of Saatchi & Saatchi/Fallon and head coach of Publicis Groupe, tasked with motivating the Groupe’s senior leaders. The shake-up comes after a meeting of the Conseil de Surveillance, Publicis Groupe’s supervisory board on 15 September.

In July Publicis Groupe reported its UK revenue declined by almost 2 per cent in Q2 2014 due to reductions in the retail sector and the impact of the decline of the phone manufacturer Blackberry.

Topics

Subscribe to Campaign from just £57 per quarter

Includes weekly and quarterly print issues, plus unrestricted online access.

SUBSCRIBE

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
BBH deputy ECD Caroline Pay exits
Share

1 BBH deputy ECD Caroline Pay exits

Bartle Bogle Hegarty has parted company with its deputy executive creative director Caroline Pay and has promoted Ian Heartfield, creative managing partner, and Anthony Austin, chief executive of Black Sheep Studios, to take over as joint deputy ECDs.

Agencies' anger at failure of Stronger In campaign
Shares0
Share

1 Agencies' anger at failure of Stronger In campaign

"We failed the country, we could and should have done better." So says one senior advertising executive involved in the Britain Stronger In Europe campaign.

Just published