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The restructuring of the Omnicom board that calls for the removal of seven agency executives as directors leaves CEO John Wren and chairman Bruce Crawford as the only employee directors.
The new board will also consist of eight current nonemployee directors, plus one newcomer, for a new total of 11, down from 17.
Some directors leaving the board date back to the holding company’s founding in 1986. Two of those longtime directors, who will resign their seats after the May 21 annual meeting, are Keith Reinhard, chairman, DDB Worldwide, and Allen Rosenshine, chairman, CEO of BBDO Worldwide.
In addition, five directors have decided not to stand for re-election: Jim Cannon, vice chairman and CFO, BBDO Worldwide (a director since 1986); Bernard Brochand, vice chairman, DDB Worldwide (a director since 1993); Thomas Harrison, chairman, CEO, Diversified Agency Services (a director since 1999); Michael Greenlees, evp, Omnicom (a director since 2000); and Jean-Marie...
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