IPG initiated a series of high profile executive changes.

IPG CEO Michael Roth announced the news in an internal memo this morning ahead of a wider announcement.

Philippe Krakowsky was promoted to the position of chief operating officer after serving as chief strategy and talent officer for over a decade, responsibilities he will continue in his new role. As COO, Krakowsky will work closely with Roth to oversee business operations across the holding company. He will continue his role as chairman of IPG Mediabrands, while also gaining oversight of Carmichel Lynch, Deutsch, Hill Holliday, Huge, R/GA and Acxiom, the database marketing company IPG acquired for $2.3 billion in July of 2018.

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