Louise Jack
Sep 16, 2014

Publicis boss Maurice Levy to step down in 2016 amid board shake-up

Publicis Groupe chief executive Maurice Lévy is to step down in 2016 amid a management shake-up at the company.

Maurice Levy
Maurice Levy

Saatchi & Saatchi chief executive Kevin Roberts will also depart in 2016, as will chief operating officer Jean-Yves Naouri. 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, chief operating officer Jean-Yves 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 2016. 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.

This article was first published on campaignlive.co.uk

 

Source:
Brand Republic
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