Omnicom financial exec Henry Dosch has joined Cheil North American Holdings in the new role of chief financial officer to help execute the company’s acquisition strategies.
Dosch also leads the financial management of the company’s existing agency partners including the One Agency, with offices in New York and Dallas, as well as Cheil Mexico and Canada, and serve in an advisory role with Cheil’s The Barbarian Group operating unit.
Dosch, a 10-year Omnicom veteran, most recently held CFO posts at the holding company’s Diversified Agency Services units, Mercury Public Affairs and Healthcare Communications Group. During his time at Omnicom, Dosch managed M&A activity for DAS, a role which included acquisitions and transactions with more than 100 companies. Previously, Dosch held consultant roles at Ernst & Young, PricewaterhouseCoopers and Arthur Andersen.
Buz Sawyer, the former Wieden + Kennedy exec who joined Cheil as its North American CEO in January, has a mandate to create a profile for South Korea’s largest ad agency (and Samsung Group affiliate) which is little known in the U.S. despite an American presence of more than 20 years. Sawyer has around $100 million in his acquisitions war chest.
“To accomplish the mission in front of me, I need a high-level financial partner,” said Sawyer. “He’s one of those financial guys who not only understands the numbers but also understands our business from a human standpoint.”
Sawyer said a top priority is to acquire a general-market ad agency, which he hopes to do this year. But the ones he finds most attractive are not for sale, so he expects Cheil will first partner with them. That’s where Dosch’s people skills will be useful, Sawyer said. “We’re going to require a deft touch in bringing those agencies into our company as partners,” he said.