Publicis Groupe leadership expressed satisfaction with its own leadership today, renewing management board members’ mandates for an additional four years after meetings of its strategy and risk committee and supervisory board.
Specifically, board chairman Arthur Sadoun, Publicis Media CEO Steve King, secretary general Anne-Gabrielle Heilbronner and executive vice president, CFO Jean-Michel Etienne will remain in their management board positions for an additional four years, with the exception of Etienne, whose term is set to expire on December 31, 2020, when he is due for retirement.
Their compensation packages similarly remain unchanged.
Supervisory board chairman Maurice Lévy, who is still very much in the picture, said in a statement that the board “is very pleased with this outstanding transition and with the Groupe’s remarkably successful management succession.”
“Great emphasis has been placed on Arthur Sadoun’s personality, and on the hard work and energy that has been put into accelerating Publicis Groupe’s transformation,” he added. “The management team he has put together and the enhanced role of Steve King by his side inspire the Board members with great confidence regarding the successful implementation of the ‘Sprint to the Future’ plan.”
Today’s meeting followed assessments by the nominating committee, chaired by Elisabeth Badinter, during July 18 and August 2, 2018 meetings. The supervisory board unanimously accepted the nominating committee’s recommendations.
“I would like to thank the Supervisory Board for its confidence and support, and in particular Elisabeth Badinter and Maurice Lévy,” Sadoun said in a statement. “Succeeding the latter at the helm of the Groupe founded by Marcel Bleustein-Blanchet is both an honor and a challenge, even more so given the changes our industry is facing that are without precedent. We have accomplished a lot in these last 18 months to be able to bring our clients a model that will make them win in the future.”
All’s well that ends well, then. Onward and upward, et cetera.