Omnicom Announces Formation of Omnicom Europe Limited

NEW YORK, July 29 /PRNewswire-FirstCall/ -- Omnicom Group Inc. announced today that it has formed Omnicom Europe Limited. The new organization began operations on July 1, 2003.

Omnicom Europe Limited is based in London and will be the vehicle for implementing programs that have proven to be successful for Omnicom in the United States. These programs, which focus on optimizing key functions such as business development, logistics support, property management and procurement, will be applied through Omnicom Europe to broaden client relationships, improve the efficiency of agency operations and enhance the effectiveness of new business initiatives.

The board of the new company will consist of senior executives from each of the Omnicom networks in Europe, including BBDO, DDB, TBWA, DAS, OMD and PhD. In addition, Randall Weisenburger, CFO of Omnicom, will sit on the board, which will be chaired by Peter Mead, Vice-Chairman of Omnicom Group.

In making the announcement, John Wren, CEO of Omnicom, said, "Our new structure will allow us to focus even more effectively on our European operations. Peter Mead, as Vice-Chairman of Omnicom Group, is the natural leader of this initiative. We share a common philosophy on deepening our relationships with our clients and providing our employees with the tools and programs that they need to be most effective."

Omnicom Group Inc. (NYSE: OMC) ( is a leading global marketing and corporate communications company. Omnicom's branded networks and numerous specialty firms provide advertising, strategic media planning and buying, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries.

SOURCE Omnicom Group Inc.