Michael Roth, Interpublic Group Chairman, to retire in December

Interpublic Group (IPG) announced that its Executive Chairman, Michael Roth, will retire from the company and Board of Directors on December 31, 2021. IPG also said that David Thomas has been elected to serve as non-executive Chair of the Board, from January 1, 2022. The company earlier in 2020 had named Philippe Krakowsky as its Chief Executive Officer (CEO).

These actions complete the transition plan announced in October 2020, when Krakowsky was announced as CEO, effective January 1, 2021.

“Michael’s leadership has always demonstrated that doing the right thing for our people and the communities in which we operate is good for our business,” said Krakowsky. “For the industry at large, he was the first to clearly articulate the importance of making diversity and inclusion business priorities. He also set an agenda for IPG that was fully client-centric, as we looked to bring collaborative, cross-agency teams together under our Open Architecture model. Michael has brought an insightful, calm and focused approach to problem-solving for a range of complex business challenges. On behalf of all our people, I want to thank Michael for two decades of thoughtful, measured, and principled leadership,” he added.

“My time as Chairman and CEO of IPG has been a tremendous privilege. I am most proud of the work we have done to help shine a light on equity and inclusion, as well as being a values and purpose-driven enterprise. Operationally, we have evolved to meet the needs of an industry that is not only creative, but also increasingly about digital and data. Philippe has been key to the efforts to move the company forward on all these fronts, working with me and the board to build a contemporary organization that delivers high-value services for marketers. Our clients, people and shareholders are in very good hands going forward,” Roth, the company’s current Executive Chair, said.

Thomas, meanwhile, as per a statement, thanked Roth for his nearly 20 years of service to IPG and added, “I look forward to working with Philippe and my fellow board members to continue building on our successes, working together to create long-term value for our stakeholders.”

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