Spencer Stuart Account Worth $20 Mil.
NEW YORK--J. Walter Thompson has landed creative and media duties for executive recruiter Spencer Stuart, a global account with billings estimated at $20 million, sources said.
The Chicago-based Spencer Stuart selected JWT after a review that had been winnowed to JWT and Grey Advertising, sources said.
Two other undisclosed agencies also participated,according to sources. Grey officials could not be reached; JWT referred calls to the client, who declined comment, saying a decision had not yet been made.
Executives from JWT's New York and Chicago offices--including New York president Bob Jeffrey--teamed up to pitch the business, according to sources. The agency took an integrated tack, touting below-the-line resources, including Digital@JWT and ThompsonConnect, its direct marketing arm, sources said.
With 50 offices in 24 countries, Spencer Stuart is among the world's largest executive-search firms, according to Hoover's Online. The 44-year-old company places top-level executives and board directors. It also provides management consulting services. Rivals include Heidrick & Struggles, Korn/Ferry and Russell Reynolds.
It is unclear which JWT office will service the account. One possibility: a joint effort combining the Chicago operation's proximity and the breadth of resources at JWT's New York headquarters.
The assignment is a significant rise in Spencer Stuart's ad efforts. Competitive Media Reporting had no listing for the firm last year.