Philippe Krakowsky, Interpublic Group's chief operating officer, will succeed Michael Roth next year as chief executive officer of the global advertising group.
Roth will become executive chairman when the appointment becomes effective January 1.
“It’s an honour to be elected as the next chief executive officer of IPG, and I appreciate the confidence that Michael and the board have placed in me,” says Krakowsky.
“With our people, agency brands, technology companies, and culture, we are uniquely positioned to help our clients solve their toughest business challenges.
"I am looking forward to working with our fifty-thousand people and all our clients around the world at this unique time, where we are seeing changes in media and consumer behavior accelerate at incredible speed.
"We have great opportunities ahead to help clients deepen their relationships with their customers, doing so efficiently, creatively and at-scale."
Roth says Krakowsky is the right CEO for the next era at IPG.
"He is a brilliant strategist and effective leader who has played a key role in developing our open architecture client service model, as well as modernizing our data, marketing services and media solutions," says Roth.
"Our partnership over the years has been a key factor in our long-term success with both clients and our people.”
“Through his multiple experiences running businesses and corporate functions at IPG, Philippe has built an outstanding track record of delivering growth for clients and IPG.
"In working with him for these past 18 years, I’ve seen first hand that Philippe is a values-driven leader who is well-positioned to lead IPG and our clients into a new era of marketing. He cares about people and leads with his head and his heart."
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