Interpublic Group of Cos. announced a round of leadership changes on Monday. Philippe Krakowsky has been named the chief operating officer of the holding company, a newly-created position. Daryl Lee will succeed him as chief executive of IPG Mediabrands and Eileen Kiernan will take over as global CEO of UM.

Krakowsky has been CEO and chairman of IPG Mediabrands for the past three years. He is also IPG’s chief strategy and talent officer, titles he will retain. Krakowsky will also maintain his role as chairman of IPG Mediabrands, with oversight of Acxiom, Carmichael Lynch, Deutsch, Hill Holliday, Huge and R/GA.

Interpublic Group of Cos. is the world’s fourth-largest agency company based on 2018 total revenue of $9.7 billion, according to Ad Age’s Datacenter. As chief operating officer, Krakowsky will work with IPG Chairman and CEO Michael Roth to oversee business operations across the holding company.

Read Full Article Here