Interpublic Group (IPG) has announced that Michael Roth, executive chairman, will retire from the company and the board of directors on December 31. Last year IPG had named Philippe Krakowsky as its chief executive officer and a member of the board of directors, effective January 1, 2021.
David Thomas has been elected to serve as non-executive chair of the Board, effective January 1, 2022.
These actions complete the transition plan announced in October 2020, when Philippe Krakowsky was announced as CEO, effective January 1, 2021.
Roth joined the IPG board in 2002 and chaired its audit committee until his appointment as executive chairman and co-CEO in 2004, and CEO in 2005. His tenure is highlighted by his commitment and investment towards diversity and inclusion as a cornerstone of the organisation.
Before joining IPG, Roth was chairman and CEO of The MONY Group, a financial services holding company.
IPG’s major global brands include Acxiom, Craft, FCB (Foote, Cone & Belding), FutureBrand, Golin, Huge, Initiative, Jack Morton, Kinesso, MAGNA, McCann, Mediahub, Momentum, MRM, MullenLowe Group, Octagon, R/GA, UM and Weber Shandwick.