Jun
02
New Publicis CEO Takes Over Tomorrow but Lvy Won't Fade Away
Posted in: Uncategorized
Maurice Lvy will continue to work full time for Publicis Groupe after he steps down as chairman and CEO at the end of today.
In his new role as chairman of the supervisory board, the 75 year-old will receive compensation of 2.8 million per annum. That’s more than the 2.5 million total he earned as CEO in 2016, a figure approved by shareholder vote on Wednesday.
At the annual shareholder meeting in Paris, Lvy claimed that he would have liked to “tiptoe out” from the agency holding-company giant, whose portfolio includes Saatchi & Saatchi, Publicis.Sapient, Leo Burnett and Publicis Worldwide.
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