This week, Publicis Groupe shareholders voted to raise the age limit for management board members from 70 to 75. This means that Maurice Lévy, the Groupe’s 69-year-old chairman and CEO, can stay on for another five years while a successor is selected.
Publicis firms include MSLGroup as well as advertising giants Saatchi & Saatchi and Leo Burnett.
Jean-Yves Naouri had been appointed executive chairman of Publicis Worldwide, presumably to take Lévy’s place at the top when the time came. He’s taking some time to settle in it appears, but has the support of Elisabeth Badinter, chair of the supervisory board and daughter of the company’s founder.
BNET notes that, with age restrictions lifted at both Publicis and WPP, the rivalry between Lévy and Sir Martin Sorrell can continue for a little while longer. The outlet also tackles the discrimination they see against agency employees over the age of 40.