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So, not every top executive who leaves a WPP Group or Publicis Groupe agency has to wait six months before starting a new gig.
Peter Sherman will join Omnicom Group as an evp in June, just three months after he resigned as North American CEO of WPP’s JWT. He successfully negotiated a shorter notice period, which typically runs six months for a WPP agency exec at that level, according to sources.
And while a three-month wind down is common practice at Interpublic Group and Omnicom, it is rare at WPP and Publicis, which usually hold onto their outgoing execs longer, linking the notice period to the length of time that severance is paid.
Carter Murray, for example, resigned in March 2013 as North American CEO of WPP’s Young & Rubicam, but didn’t start as global CEO of Interpublic’s Draftfcb until September.
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