By Alison Weissbrot
IPG said Wednesday that CEO Michael Roth will step down at the end of the year. He will be succeeded by IPG EVP and COO Philippe Krakowsky effective Jan. 1.
IPG also reported earnings for Q3 that came in below expectations, with a revenue decrease of 5.2% year over year to $1.95 billion due to the ongoing pandemic.
Krakowsky, an 18-year IPG exec, has been the favoured candidate to succeed Roth since he was elevated to COO last year. Prior to that he was CEO of IPG’s media group Mediabrands and has overseen communications, talent, business development and strategy functions. He will remain chief strategy officer at IPG.
“Philippe is the right CEO for the next era
To continue reading this article you need to be registered with Campaign. Registration is free and only takes a minute. Register Now or sign in below if you already have an account.
