Michael Roth is retiring from his executive chairman role at Interpublic Group and from its Board of Directors on 31 December 2021. David Thomas has been elected to serve as non-executive chair of the Board, effective 1 January 2022. These actions complete the transition plan announced in October 2020, when Philippe Krakowsky was announced as CEO , effective 1 January 2021.
As executive chairman, Roth (pictured) has been working closely with the board and Krakowsky to manage through changes related to COVID-19 and help shape the future of IPG. Before taking on this current role, Roth was chairman and CEO of IPG for 15 years. Prior to joining IPG, Roth was chairman and CEO of financial services holding company The MONY Group. According to Roth, his 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," he said.
Roth added that Krakowsky has been key to the efforts to move the company forward on all these fronts, working with him and the board to build "a contemporary organisation that delivers high-value services for marketers". "Our clients, people and shareholders are in very good hands going forward," Roth said.
Meanwhile, Thomas thanked Roth for his nearly 20 years of service to IPG. "His leadership has been instrumental in making IPG the advertising sector’s top-performing company across a range of key financial and operational metrics. I look forward to working with Krakowsky and my fellow board members to continue building on our successes, working together to create long-term value for our stakeholders," he added.
Krakowsky explained that Roth's leadership as always demonstrated that doing the right thing for our people and the communities in which IPG operates is good for its business. "Roth 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 Roth for two decades of thoughtful, measured and principled leadership," Krakowsky added.
Leadership change at IPG as Philippe Krakowsky succeeds Michael Roth
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