- Push-out Score determined
- After 16 years in the position
- Accolades and praise for Roth
- Philippe Krakowsky taking over
- Roth will remain as Executive Chairman at Interpublic Group
- Roth made a lengthy statement and said 204 words
(exechange) — New York, October 21, 2020 — Michael Roth, chief executive of Interpublic Group, leaves his position. As announced by Interpublic Group of Cos. in a news release on Wednesday, October 21, 2020, Michael I. Roth leaves his post as chief executive officer at the advertising giant after 16 years in the role, effective January 1, 2021.
It is the end of an era.
Michael Roth’s duties as CEO will be taken over by Philippe Krakowsky, currently Chief Operating Officer of Interpublic Group of Cos.
“Multi-year succession process”
Michael Roth’s departure from the CEO post is explained as follows. David Thomas, Presiding Director of the IPG Board of Directors, said: “Working with Michael, our multi-year succession process found in Philippe a leader with empathy, operational and management skills, a respect for talent and a vision for a digital-and-data-first marketing company – all of which will guide IPG at this fast-moving time.”
Roth will remain as Executive Chairman at Interpublic Group
“Michael I. Roth, the current Chairman and Chief Executive Officer will remain in his current role until January 1, 2021 when he will become Executive Chairman of the Board,” Interpublic Group said.
Share price increase since January 2005
The announcement follows an increase in Interpublic Group of Cos.’s share price of 34% since the beginning of Roth’s tenure in January 2005.
In the position of CEO since 2005
Michael Roth became CEO of the Company in 2005.
Roth became Chairman of the Board and Chief Executive Officer of Interpublic in January 2005.
Prior to that time Roth served as Chairman of the Board of Interpublic from July 2004 to January 2005 and has been a director of Interpublic since 2002.
Roth served as Chairman and Chief Executive Officer of The MONY Group Inc. from February 1994 to June 2004.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Interpublic Group and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 43.2020 ($).