Omnicom Appoints Emily K. Graham Chief Equity and Impact Officer Posted on December 15, 2020January 4, 2021 by Revanth Ravish Graham will lead the OPEN Leadership team driving Omnicom-wide DE&I Strategy NEW YORK, Dec. 15, 2020 /PRNewswire/ — Omnicom Group (NYSE: OMC) today announced the appointment of Emily K. Graham to Chief Equity and Impact Officer and SVP, Diversity and Inclusion Communications. In this role, she will be responsible for accelerating the holding company’s diversity, equity and inclusion (DE&I) efforts and executing OPEN 2.0, Omnicom’s action plan for achieving systemic equity for all professionals across its agencies. She will also serve as a senior communications counselor, advising on DE&I matters. Graham succeeds Tiffany R. Warren in this role and will report to Omnicom’s Chairman and CEO, John Wren. Previously serving as Chief Diversity and Inclusion Officer at FleishmanHillard, Graham brings a deep understanding of Omnicom’s internal structures and existing DE&I efforts along with 15 years of global agency experience as a corporate communications strategist. In her role at FleishmanHillard, she headed a global taskforce that accelerated DE&I as a business priority across the firm’s 2,500-person network. She also launched and led True MOSAIC, a global practice dedicated to providing clients strategic communications counsel on DE&I. Graham’s commitment to DE&I started two years prior to assuming the Chief Diversity and Inclusion Officer role, having co-led FleishmanHillard’s efforts since 2018. In her new role at Omnicom, Graham will lead the OPEN Leadership Team, a group of Diversity Champions dedicated full-time to providing structure, support, counsel and visibility to DE&I initiatives and policies throughout Omnicom. She will help the group leverage its expertise to advise clients and internal teams on DE&I matters. “Our goal is that every Omnicom agency, globally, be a pillar of diversity, equity and inclusion, and we are proud to keep our efforts moving forward under Emily’s leadership,” said John Wren, Chairman and CEO of Omnicom Group. “Emily joins us not only with a passion for DE&I, but a wealth of experience in the agency world where she consistently offered top-tier client counsel as a seasoned communications strategist. She comes into this role with a fresh perspective on how we can accelerate our internal progress and best service our clients who similarly have ambitions and expectations around DE&I.” “I am honored to join Omnicom, especially at a time where vision, clarity and action on DE&I is essential. Achieving real systemic equity with urgency is the heart of our OPEN 2.0 strategy,” said Graham. Graham continues, “Omnicom agencies must continue working to ensure their agency cultures are inclusive so that underrepresented communities belong and thrive. Through sustained impact, accountability and actions, Omnicom has the opportunity to be an equitable leader in our industry on a global scale. I’m eager to lead and work alongside the dedicated and passionate Diversity Champions to chart our path forward.” In addition to her DE&I work, Graham previously served on FleishmanHillard’s leadership Cabinet and co-led the Financial and Professional Services sector group for the Americas, guiding some of the firm’s leading clients in transformation, corporate reputation and executive visibility. Prior to FleishmanHillard, she held senior positions at MWWPR and Burson-Marsteller. Graham currently serves as board member for the Institute of Public Relations (IPR), and her career journey has been profiled by the likes of LinkedIn, Forbes and Essence Magazine. Among other industry accolades, Graham was recently honored as a Top Woman in PR by PRNews and a 40 Under 40 Honoree by Crain’s New York Business. Supporting Graham in her efforts will be Omnicom’s newest Director of Diversity, Equity and Inclusion, Ana Leen. Leen joins the group as the current President of American Advertising Federation (AAF) Austin and Director of Partnerships for ADCOLOR. Prior to her role at Omnicom Group, Leen served as Account Director at GSD&M for six years, where she helped lead and grow the agency’s multicultural business. ABOUT OMNICOM GROUP INC.Omnicom Group (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 70 countries. Follow us on Twitter for the latest news. SOURCE Omnicom Group Inc.
Omnicom Group Inc. Declares Dividend Posted on December 8, 2020December 14, 2020 by Revanth Ravish NEW YORK, Dec. 8, 2020 — The Board of Directors of Omnicom Group Inc. (NYSE: OMC) declared a quarterly dividend of 65 cents per outstanding share of the corporation’s common stock. The dividend is payable on January 11, 2021 to Omnicom Group common shareholders of record at the close of business on December 21, 2020. About Omnicom Group Inc.Omnicom Group (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 70 countries. Follow us on Twitter for the latest news.
RAPP Promotes John Gim To Global Chief Marketing Sciences Officer Posted on December 8, 2020December 11, 2020 by Revanth Ravish Role Underscores Agency’s Commitment to Offering Cutting-Edge and Industry-Leading Marketing Sciences Services to Clients NEW YORK, Dec. 8, 2020 /PRNewswire/ — RAPP Worldwide, a global creative agency that builds direct, meaningful and high-value relationships between brands and people, announced today the promotion of John Gim to Global Chief Marketing Sciences Officer across RAPP Worldwide. “I couldn’t be more thrilled that we are elevating John into the role of Global Chief Marketing Sciences Officer,” RAPP Global CEO, Marco Scognamiglio, said. “Throughout his five-year tenure with the RAPP organization, John has contributed significantly to our agency’s growth and advancement in marketing sciences which has proven to be invaluable for our clients. With John at the helm, I look forward to seeing how the RAPP network continues to produce and scale our existing, market-leading IP, enabling our clients’ growth and continually giving all of our brands a competitive edge.” Gim will continue to report to John Wells, President of RAPP LA/Dallas, while also reporting to Scognamiglio for his global role. He will remain focused on his key clients and leading RAPP’s Marketing Sciences Center of Excellence but will also be responsible for leading and bringing together the outstanding pool of marketing sciences experts, from across the RAPP offices globally, to share, iterate on and optimize the great work and IP that exists within the organization. “It’s a privilege to lead our practice forward, as we aim to help accelerate transformation for our clients,” Gim said. “As the landscape of advertising and data continually and rapidly changes, it’s a necessity now, more than ever, for brands to evolve and keep pace. I’m immensely proud of RAPP’s talented people, our heritage and all that we’ve built and accomplished, but am all the more excited for our future – as we aim to push the boundaries in marketing sciences innovation and build stronger, more valuable partnerships with our clients.” During Gim’s tenure at RAPP, he’s served in various roles across the organization’s Analytics and Marketing Sciences teams, worked with a variety of clients, and helped RAPP secure victories in various data driven award shows and data science competitions. Prior to joining RAPP, Gim lead analytics teams at agencies including Epsilon and TBWA\Chiat\Day. About RAPP WorldwideRAPP is a global, data-driven creative community that builds direct, meaningful and high-value relationships between brands and people. At RAPP, with our unrivalled depth of expertise in first-party data, we’ve been observing and cataloguing real people’s lives for 50 years. In today’s world the balance of power has shifted, and customers are in control, which is why we put people and their preferences at the heart of the brand experience. With a talent base of more than 1,600 professionals in 17 offices, we help brands grow the value of real people by understanding what really matters and creating experiences that are right for real people, with real needs, in real time, creating marketing that matters. Our expertise in data and marketing sciences allows us to deliver our clients actionable human insight – an incredible understanding of genuine motivations, observed transactions and actual interactions. Our process reflects how real people think; we balance the left brain and the right, and we do our best work when we bring Precision and Empathy into balance. Building on our data foundation, RAPP delivers a range of capability across social, digital, customer experience and technology. RAPP is proud to employ talented people across the US, the UK, Argentina, France, Germany, China, Singapore, Australia, Mexico, Thailand, Russia and Dubai, and we actively foster an inclusive workplace where diversity and individual differences are valued and leveraged to achieve our vision. RAPP is part of Omnicom Precision Marketing Group, a division of the DAS Group of Companies. To learn more, visit www.rapp.com. About Omnicom Precision Marketing GroupOmnicom Precision Marketing Group aligns Omnicom’s global digital, data and CRM capabilities to deliver precisely targeted and meaningful customer experiences at scale. Using its universal framework of connected data, connected intelligence and connected experiences, OPMG provides services that include data-driven product / service design, technology strategy and implementation, CRM / loyalty strategy and activation, econometric and attribution modeling, technical and business consulting and digital experience design and development. At the core of delivering these services is Omni, an advanced technology platform that combines a powerful cultural insights engine with massively scaled data insights from first-, second- and third-party sources, including several proprietary Omnicom data partnerships. Omnicom Precision Marketing Group is part of the DAS Group of Companies, a division of Omnicom Group Inc. (NYSE: OMC) (www.omnicomgroup.com), that includes more than 200 companies in a wide range of marketing disciplines including advertising, public relations, healthcare, customer relationship management, events, promotional marketing, branding and research. View original content:https://www.prnewswire.com/news-releases/rapp-promotes-john-gim-to-global-chief-marketing-sciences-officer-301188687.html SOURCE RAPP Worldwide
DDB Latina Celebrates Its Third Time Named As The Most Creative Network At El Ojo de Iberoamerica Posted on December 3, 2020December 10, 2020 by Revanth Ravish For the third time in the history of the festival and second consecutive year, the pioneer network in uniting the Latin markets of the world under one unique vision of culture, and not geography, celebrates the recognition of being the most creative in the region. MIAMI, Dec. 3, 2020 /PRNewswire/ — Last Friday, November 27th, El Ojo de Iberoamérica—the most recognized creative festival in Ibero-America—celebrated the very first virtual gala in its history, where, thanks to the consistency and effectiveness of their work, 12 offices of DDB Latina won big recognitions, including Africa as Ibero-America’s Agency of the Year and Sergio Gordilho as the Best Creative in Ibero-America for the third time in the history of the festival. Alma DDB Miami and DDB Latina Puerto Rico were named Local Agency of the Year and Alvar Suñol and Enrique Renta as Best Creatives in their respective markets, in addition to a total of 91 metals: 4 Gran Ojos, 22 Gold, 30 Silver and 35 Bronze among the different agencies. 9 agencies made the top 50 ranking of the best of Ibero-America: Africa #1, DDB Colombia #13, TracyLocke Brazil #17, Sunset Brazil #18, Alma DDB #28, DDB Latina Puerto Rico #34, DDB Centro Guatemala #36, Fahrenheit DDB Peru #38 and Molina DDB El Salvador #50. Africa won 4 Gran Ojos in the categories of Graphic Production, Print & OOH, and Special Edition Covid-19 with the following work: “The most valuable news“, won two awards: Gran Ojo Graphic Production and Print & OOH. The piece is a special printed edition of the Folha de São Paulo newspaper with all the criteria used in the process of printing money and in response to what fake news represents today. Africa’s third Gran Ojo came in the category of Print & OOH with “Responsible billboards,” work created for AmBev, which, through the beer delivery trucks and by changing the branding of the drivers’ cabins, aims to create awareness in responsible driving under a simple and direct message: If you drink, don’t drive. In the El Ojo Special Edition Covid-19 category, the jury also awarded Africa with “Stadiums food delivery,” from AmBev Brazil for Brahma. The objective was to connect consumers with famous bars through a site in order to offer an alternative for people to satisfy their cravings for typical food sold near the stadiums and to help establishments. Additionally, among the Gold-winning agencies are Africa Brazil (16), Sunset Brazil (2), DDB Colombia (1), El Taier DDB Centro Guatemala (1), and TracyLocke Brazil (2). In total, the agencies that contributed to the Network of the Year success are Africa Brazil, DDB Colombia, Sunset Brazil, TracyLocke Brazil, Alma DDB Miami, DDB Latina Puerto Rico, El Taier DDB Centro Guatemala, Fahrenheit DDB Peru, Molina DDB El Salvador, DDB Spain, DDB Argentina, and Tribal Argentina. Africa’s work for AmBev “Responsible billboards” was also the winner of Best Local Idea for Brazil, and DDB Latina Puerto Rico’s “Panamericanos” for Best Local Idea in Puerto Rico for Medalla Beer. Sergio Gordilho, named three times Ibero-America’s Best Creative, adds: “We are very proud to receive the title of Ibero-America’s Agency of the Year for the third time. For sharing the same space with some of the agencies that built and are building the Latino creative reputation. I want to thank Juan Carlos Ortiz and the entire DDB Latina team for always inspiring us.” “Perhaps the word ‘again’ is the most refreshing, but also the most difficult to achieve; it requires additional effort, it requires great talent, it needs persistence, it needs to believe, and it never fails. Congratulations to the human talent we are honored to have throughout the region, especially to Africa for having been chosen Best Agency of Ibero-America,” shared Juan Carlos Ortiz, president and CEO of DDB Latina. ABOUT DDB LATINA GROUPDDB Latina is the leading communications group in the Latin markets around the world. It was a pioneer in the industry for uniting the Latin American, US Multicultural, and Spanish markets with a unique vision inspired by culture, not geography. Through its companies DDB, Africa, Alma, Tribal Worldwide, TRACK, and TracyLocke, DDB Latina develops innovative business solutions for its clients, based on the deep understanding of culture and data. It believes in the merge of strategy, technology, and creativity to create innovative ideas that generate effective business results for the brands it works with, including some global and regional clients in a wide range of industries. It has been named Ibero-America’s Most Creative Network at El Ojo de Iberoamérica, the Crema Ranking in 2017 and 2019 and Most recently at El Ojo 2020. ABOUT DDBDDB Worldwide (ddb.com) is one of the world’s largest and leading advertising and marketing networks. DDB has been named Agency of the Year numerous times by the Cannes International Festival of Creativity and the industry’s leading advertising publications and awards shows. The Gunn Report has listed DDB as one of the Top 3 Global Networks for 12 of the last 15 years. The agency’s clients include McDonald’s, Unilever, Mars, Johnson & Johnson, and the U.S. Army, among others. Founded in 1949, DDB is part of the Omnicom Group (NYSE) and consists of more than 200 offices in over 90 countries with its flagship office in New York, NY. ABOUT OMNICOMOmnicom 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, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries. CONTACT: Angela HenaoDirector of Communications & PR | DDB Latina GroupEmail: [email protected] Phone: +1 (305) 341 2563 View original content:https://www.prnewswire.com/news-releases/ddb-latina-celebrates-its-third-time-named-as-the-most-creative-network-at-el-ojo-de-iberoamerica-301186240.html SOURCE DDB Latina
Ericka Riggs Joins Omnicom Specialty Marketing Group as Chief Diversity, Equity, and Inclusion Officer Posted on December 3, 2020December 9, 2020 by Revanth Ravish NEW YORK, Dec. 3, 2020 /PRNewswire/ — Omnicom Specialty Marketing Group (OSMG) today announced the appointment of Ericka Riggs as Chief Diversity, Equity, and Inclusion Officer. Riggs brings more than 15 years of experience advocating for and developing sustainable programs to improve representation and build inclusive communities within various industries. Riggs will be based in New York and report to OSMG CEO Stacey Hightower while partnering with OSMG agency leadership to build upon the Group’s commitment to creating a supportive and inclusive environment for its employees. “Companies gain competitive advantage by building upon the guiding principles of diversity, equity and inclusion,” said Riggs. “I am grateful for this unique opportunity to develop a platform to elevate our agencies to a place where our people are represented, encouraged and supported to bring their whole selves to work.” “As a champion, advocate, and activist for people across a range of industries, Ericka is the perfect addition to the OSMG team, said Hightower. Our strength is our people, and nurturing an accountable and purposeful community will allow our employees to bring new creative ideas and perspectives to action.” Prior to joining OSMG, Riggs was the Foundation and Inclusion Director of the AD Club of New York. There she focused on increasing representation of BIPOC and women into the executive ranks. Under her direction, the i’mPART Women’s Fellowship elevated the careers of women into leadership roles. Ericka’s work on cultural engagement experiences, “Icons, Rockstars, & Innovators,” Women: NOW Master Class, and the Culture Club, have all positively impacted the advertising, marketing, and media communities by drawing together a stronger, more aware, and inclusive community for now and the future. Riggs previously held positions at UPTOWN and MOTOWN Records, UniWorld Group, and Northern Virginia Community College. She is the 2020 Nancy Hill Award recipient and proudly sits on the Board of SheSays NYC. She also serves as a mentor to students nationwide through Circle of Change and is a 2020 MOBE Symposium Advisory Committee member. Riggs attended Howard University and is a graduate of George Mason University. About Omnicom Specialty Marketing Group Omnicom Specialty Marketing Group aligns the growing demand for highly specialized consumer and retail marketing services with integrated solution teams consisting of the best talent to address clients’ needs. OSMG provides global services that include: point-of-sale marketing and merchandise technology, field marketing and sales support, brand extension and representation; talent management; Purpose; and consulting and fundraising for non-profit organizations. Omnicom Specialty Marketing Group is part of the DAS Group of Companies, a division of Omnicom Group Inc. (NYSE: OMC) that includes more than 200 companies in a wide range of marketing disciplines including advertising, public relations, healthcare, customer relationship management, events, promotional marketing, branding and research. View original content:https://www.prnewswire.com/news-releases/ericka-riggs-joins-omnicom-specialty-marketing-group-as-chief-diversity-equity-and-inclusion-officer-301185431.html SOURCE OSMG
Omnicom Agencies Win Big at Campaign Asia Agency of the Year Awards Posted on December 3, 2020December 14, 2020 by Revanth Ravish NEW YORK and SINGAPORE, Dec. 3, 2020 /PRNewswire/ — Omnicom (NYSE: OMC) agencies continued their tradition of delivering outstanding creativity and effectiveness by winning 77 awards across five key regions (Australia/New Zealand, Japan/Korea, South Asia, Southeast Asia and Greater China) in the 2020 Campaign Asia Agency of the Year Awards. Most notably, the group’s creative agency TBWA took home two top Network Awards, winning both Creative Network of the Year and Digital Network of the Year. In addition, OMG Performance received a coveted APAC Agency Award, being named the Asia-Pacific Performance Agency of the Year. A few other highlights include: TBWA collected a total of 31 Agency of the Year titles. In addition to the two Network Awards mentioned above, its wins included Southeast Asia Creative Agency of the Year, Southeast Asia Digital Agency of the Year and an outstanding 10 Gold Agency Awards. Of note, TBWA\Hakuhodo was named Japan’s Creative Agency of the Year for the 10th time. BBDO won an impressive 13 awards in Greater China, completing a near sweep in its people/team awards. With its talent shining through, it took home two Golds for Best Culture and Talent Development Program of the Year. DDB had a strong performance in Australia/New Zealand, winning both New Zealand Digital Agency of the Year and ANZ Social Media Agency of the Year. On the media front, OMD picked up two Golds in Southeast Asia, claiming Media Agency of the Year in both Malaysia and the Philippines. A third Gold came from Greater China, where it was named Hong Kong SAR Media Agency of the Year. Omnicom’s ability to meet client needs was highlighted in two Gold wins for Agency Marketer Partnership of the Year. The first came from BBDO India’s partnership with P&G India in South Asia, and the second came from DDB Group Hong Kong’s work with McDonald’s in Greater China. “These impressive results showcase our strength in a very competitive APAC region, and I am proud of the teams who are behind such spectacular work for our clients,” said John Wren, Chairman and CEO of Omnicom Group. “From creative to digital to media, our agencies upheld their standards of excellence despite this year’s unforeseen challenges. Congratulations to all those who were recognized, and I thank you for your unwavering dedication.” For more information on Campaign Asia’s Agency of the Year Awards, visit https://www.campaignasia.com/article/agency-of-the-year-awards-2020/465136. About Omnicom Group Inc.Omnicom Group (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 70 countries. Follow us on Twitter for the latest news. SOURCE Omnicom Group Inc.
The Integer Group® Names Gail Obaseki as Director of Diversity, Equality and Inclusion Posted on November 30, 2020December 9, 2020 by Revanth Ravish DENVER, Nov. 30, 2020 /PRNewswire/ —The Integer Group®, the world’s leading commerce agency and a key member of Omnicom Group Inc., has appointed Gail Obaseki as Director of Diversity, Equality & Inclusion (DEI). Her new role spans Integer’s U.S. network of agencies, including Bentonville, Chicago, Dallas, Denver, Des Moines, Los Angeles and New York. Obaseki is reporting to Ellen Cook, CEO for The Integer Group. Working closely with Integer’s executive leadership team, network HR group, and DEI Council, Obaseki will lead efforts to evaluate and enhance Integer’s strategies and initiatives, ensuring the agency’s DEI-specific mission is prioritized and inherent to its DNA. As part of this strategy, a focus will be placed on Recruitment & Hiring, Inspiration & Education, Inclusive Culture, Community & Partnership, and Inclusive Work. With more than 25 years of industry experience, Obaseki brings with her a wealth of advertising agency leadership from TracyLocke and JWT, where she focused on people, processes and excellence in execution. Most recently at TracyLocke, Obaseki led Diversity and Inclusion efforts and Employee Onboarding, as well as Production Services, Project Management, Creative Resourcing, Field Marketing Management, and Studio Services. Because of her background, Obaseki has always been an advocate for marginalized people, including BIPOC, women and the LGBTQ community, working to ensure all have a seat at the proverbial table and that their voices are heard. From being part of the first wave of Black students to integrate her hometown schools, to protesting against the Vietnam War and Apartheid, to building bridges through mentorship and creating safe spaces within corporate agencies, Obaseki’s history has been one filled with balancing revolution and progressivism with steady and deliberate change from within. “We are thrilled Gail has joined our team, bringing incredible passion and dedication to seeing her colleagues thrive by feeling supported,” said Ellen Cook, CEO of The Integer Group. “Gail will insist on accountability to push Integer forward as an agency made up of creative and innovative talent from diverse backgrounds and perspectives, who recognize, respect, and maximize everyone’s contribution. There is much more work to be done, and we are fully committed to this next chapter of advancing our mission: to create a truly diverse and inclusive environment for our employees and to deliver great work that works for clients that is truly reflective of the world today.” Added Obaseki: “I am extremely excited to join The Integer Group, as we continue to create an environment in which diversity, equality, and inclusion are not just present but a foundational pillar of who we are and what we do. And where every person of every race, gender identity, orientation, background, and situation feels safe and valued. As a leading commerce agency, we also understand that we have a responsibility to ourselves as well as a responsibility to our clients and our communities, to affect change and to lead with empathy. We are committed to this responsibility and eager to take action.” About The Integer Group® Integer is the Growth Company. We believe in the power of data-fueled intelligence to ignite creativity that captures true value for our clients—turning demand into tangible sales results. Our work starts conversations, creates connections and drives conversion that can be measured and optimized in real time through our core capabilities: Retail Experience Design, Retail Marketing, eCommerce & Social Commerce, Connected Commerce Media, Brand Communications & Activation, and Technology & Innovation. Integer is a key member of Omnicom Group Inc. and Omnicom Commerce Group, and serves as the commerce arm of TBWA\Worldwide. With more than 1,000 data and culture-driven associates in 22 offices around the globe, we are all commonly focused on growth for clients, including AT&T, FedEx, Frito-Lay, Michelin, Nestlé, P&G, PepsiCo, Starbucks and more. www.integer.com About Omnicom Group Inc. Omnicom Group Inc. (NYSE: OMC) (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries. View original content to download multimedia:https://www.prnewswire.com/news-releases/the-integer-group-names-gail-obaseki-as-director-of-diversity-equality-and-inclusion-301181300.html SOURCE The Integer Group
Critical Mass Expands Social, Content, and Word-of-Mouth Capabilities Through Merger with Zócalo Group Posted on November 17, 2020December 14, 2020 by Revanth Ravish NEW YORK–(BUSINESS WIRE)– Zócalo Group, a leading digital, and social media agency focused on driving word of mouth, today merged its operations into global digital experience agency Critical Mass. Both part of the DAS Group of Companies, Zócalo Group will now function as a fully integrated affiliate of Critical Mass, expanding to Critical Mass’s global offices. The merger is intended to combine and amplify the complementary strengths of both agencies under the Critical Mass name while providing clients with a broader spectrum of services. “Our mission has always been to design meaningful experiences by relentlessly focusing on the customer,” said Di Wilkins, CEO of Critical Mass. “With Zócalo Group, we are able to augment our capabilities and extend connected customer experiences through social and word-of-mouth marketing.” “We’re excited to formally be a part of Critical Mass,” said Paul M. Rand, President and CEO of Zócalo Group. “We look forward to building on both companies’ track records of success, and to growing our shared capabilities for clients across the globe.” Zócalo and Critical Mass already have strong foundations in each other’s areas of expertise. Zócalo, a social agency with pronounced digital experience, will enhance Critical Mass’ existing social capabilities while Critical Mass globalizes and expands the Zócalo offering. Together, they will provide clients a suite of industry-leading digital capabilities—Strategy, User Experience, Creative, Technology, Marketing Science, Social, Influencer and Word-of-Mouth marketing. “Both Zócalo Group and Critical Mass are at the forefront of digital innovation and customer experiences,” said Dale A. Adams, chairman and CEO of the DAS Group of Companies. “We would be hard pressed to think of a better pairing, and are pleased to see these powerhouses move together under one roof. We believe this structure will offer great opportunities for both teams and their clients.” About Critical Mass Critical Mass (www.criticalmass.com) is a global experience design agency with a relentless focus on the customer. Founded in 1996, the agency has grown to 10 full-service offices operating across North America, Europe, Latin America and Asia. Its unwavering belief in delivering brilliant customer experiences produces business building results for clients. Critical Mass is a part of the DAS Group of Companies. About Zócalo Group Zócalo Group (www.zocalogroup.com) is a full-service digital and social media agency, helping leading consumer and business-to-business brands become the most talked about and recommended in their categories. Based in Chicago, Zócalo Group has received numerous industry awards for brand programs and measurement initiatives. Zócalo Group is a part of the DAS Group of Companies. For more information, please visit www.zocalogroup.com. About the DAS Group of Companies The DAS Group of Companies, a division of Omnicom Group Inc. (NYSE: OMC) (www.omnicomgroup.com), is a global group of marketing services companies. DAS includes over 200 companies in the following marketing disciplines: specialty, PR, healthcare, CRM, events, promotional marketing, branding and research. Operating through a combination of networks and regional organizations, DAS serves international, regional, national and local clients through more than 700 offices in 71 countries. View source version on businesswire.com: https://www.businesswire.com/news/home/20151117006490/en/ Source: Critical Mass Critical Mass Jared Kreiner, 917-606-8017 [email protected]
DDB Launches Specialized Esports and Gaming Agency Globally Posted on November 10, 2020December 9, 2020 by Revanth Ravish PRAGUE, Nov. 10, 2020 /PRNewswire/ — DDB Worldwide is launching DDB FTW (For The Win), the world’s first specialized esports & gaming network agency this month. The agency’s head office will be located in Prague and led by CEO, Global Esports & Gaming Lead, Darko Silajdžić, with additional capacities run out of the DDB agencies in Amsterdam, Dusseldorf, Paris and Hong Kong. “In a changing world dominated by news of pandemics and social distancing, we are seeing acceleration of macro trends across all categories,” says Silajdžić, “and none with more momentum and potential than gaming and esports. As a gamer, I understand that the places where the next generation of people come together is shifting from physical locations to platforms like Fortnite.” 30% of the entire planet are gamers. It is a cross-generational phenomena that is inclusive and vibrant, and DDB is the first global network agency dedicated to guide brands into this vital territory. DDB FTW will provide global and regional esports and gaming solutions to current clients, and new partners. The launch of the agency recognizes the importance of the category as a channel to reach the 2.8 billion people who identify as gamers. Says Glen Lomas, President of DDB, EMEA: “This category is not simply about playing Candy Crush or shooting games, it is a movement that spawns its own music, fashion, and language. Gaming platforms are a lifeline of social connection for people during these trying times, and we expect the trend to continue in a post-Covid world.” DDB FTW consists of passionate gamers from the DDB network covering various areas of expertise including strategy, creative, business design, innovation and tech. About DDB DDB Worldwide (www.ddb.com) is one of the world’s largest and most influential advertising and marketing networks. DDB has been named Agency of the Year numerous times by the Cannes International Festival of Creativity and many other of the industry’s leading advertising publications and awards shows. The agency’s clients include Mars, McDonald’s, Johnson & Johnson, Unilever and Volkswagen among others. Founded in 1949, DDB is part of the Omnicom Group (NYSE) and consists of more than 200 offices in over 90 countries with its flagship office in New York, NY. ABOUT OMNICOMOmnicom 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, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries. CONTACT: Sara CosgroveEuropean Communications Director, DDB Worldwide[email protected]+44 (0) 7939 9429890 View original content to download multimedia:https://www.prnewswire.com/news-releases/ddb-launches-specialized-esports-and-gaming-agency-globally-301170310.html SOURCE DDB Worldwide
DDB Worldwide Announces Senior Leadership Promotions Posted on November 10, 2020December 9, 2020 by Revanth Ravish adam&eveDDB’s Alex Hesz joins global executive leadership team as Chief Strategy Officer Roisin “Ro” Rooney promoted to Newly Created Role of Chief People Officer NEW YORK, Nov. 10, 2020 /PRNewswire/ — DDB Worldwide today announced two exciting promotions, continuing the momentum of leadership changes. Alex Hesz has been promoted to Global Chief Strategy Officer and Roisin “Ro” Rooney has been promoted to Global Chief People Officer. Both join from within the network into newly created roles. Hesz most recently led strategy for the DDB’s Europe, Middle East & Africa and was head of strategy for the highly awarded adam&eve agency. Rooney held the position of regional Chief People Officer, also for the EMEA region. “I am thrilled to elevate our current leaders from within the network into these roles,” said Worldwide CEO Marty O’Halloran. “Things are changing rapidly, and we’re moving at pace to stay ahead. Alex brings an incredible track record from adam&eveDDB, an agency known for its legendary work and clients. Ro’s experience in EMEA with growing the network, fostering our talent, and creating culture will ensure we are helping our people through this challenging time and into the future.” Prior to his role across EMEA, Hesz was the Group Chief Strategy Officer at adam&eveDDB. He will continue to serve as adam&eveDDB’s Group CSO for operations in both New York and London. In his global role, Hesz will oversee the entirety of DDB’s global offerings and has work to harness the collective power of the global network. Rooney will lead recruitment, retention, leadership development and training and initiatives to ensure DDB talent is continuously advancing to stay ahead of client needs. She will nurture and bring to life an exceptional company culture that is embodied by the values, beliefs and behaviors of the DDB name. By building strong relationships across geographies and cultures, Rooney will deliver solutions and results to create meaningful change throughout the network. Hesz has led strategic offerings across multiple offices and handles accounts such as Lloyds Banking Group, BlackRock, Booking.com, Virgin Media, Beam Suntory, Mars and Unilever. He has written for the Guardian, Marketing, Marketing Week, City AM, The Evening Standard, Campaign, AdAge and The Drum on subjects spanning digital marketing to moral hazard to corporate responsibility, on the last of which he co-wrote a book (Guilt Trip, 2009). He is a trustee of Versus Arthritis (formerly Arthritis Research UK), one of the UK’s largest medical charities. A founding member of DDB University, now known as the People Performance Group, Rooney brings a strong background in learning solutions to accompany her fluency in DDB’s people and culture. She previously sat as chairperson of the International Agencies’ Council of EACA, the European Association of Communication Agencies from 2016 to 2019. She was also a member of Omnicom Group’s EDU Advisory Board, a team of practitioners charged with creating best in class global training and development solutions for the 1,200 companies and 65,000 employees of Omnicom Group. ABOUT DDB DDB Worldwide (www.ddb.com) is one of the world’s largest and most influential advertising and marketing networks. DDB has been named Agency of the Year numerous times by the Cannes International Festival of Creativity and the industry’s leading advertising publications and awards shows. The Gunn Report has listed DDB as one of the Top 3 Global Networks for 12 of the last 15 years. The agency’s clients include Volkswagen, McDonald’s, Unilever, Mars, Johnson & Johnson, and the U.S. Army, among others. Founded in 1949, DDB is part of the Omnicom Group (NYSE) and consists of more than 200 offices in over 90 countries with its flagship office in New York, NY. ABOUT OMNICOM 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, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries. Media contact: Name: Rahel RasuE-mail: [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/ddb-worldwide-announces-senior-leadership-promotions-301170241.html SOURCE DDB Worldwide
Omnicom Group Reports Third Quarter and Year-to-Date 2020 Results Posted on October 27, 2020January 4, 2021 by Revanth Ravish NEW YORK, Oct. 27, 2020 — Omnicom Group Inc. (NYSE: OMC) today announced net income – Omnicom Group Inc. for the third quarter of 2020 of $313.3 million compared to net income – Omnicom Group Inc. of $290.2 million in the third quarter of 2019. Diluted net income per share for the third quarter of 2020 was $1.45 per share compared to diluted net income per share of $1.32 for the third quarter of 2019. Net income – Omnicom Group Inc. and diluted net income per share – Omnicom Group Inc. in the third quarter of 2020 included a net after-tax increase of $52.3 million and $0.24 per share, respectively, related to reimbursements and tax credits under government programs in several countries where we have operations, as discussed further below. Primarily due to the negative effects on our revenue arising from the coronavirus disease 2019 (“COVID-19”) pandemic, Omnicom’s worldwide revenue in the third quarter of 2020 decreased 11.5% to $3,206.5 million from $3,623.8 million in the third quarter of 2019. The components of the change in revenue included an increase in revenue from the positive impact of foreign currency translation of 0.5%, a decrease in acquisition revenue, net of disposition revenue of 0.3% and a decrease in revenue from negative organic growth of 11.7% when compared to the third quarter of 2019. Organic growth in the third quarter of 2020 as compared to the third quarter of 2019 in our five fundamental disciplines was as follows: Advertising decreased 11.7%, CRM Consumer Experience decreased 19.3%, CRM Execution & Support decreased 19.4%, Public Relations decreased 3.4% and Healthcare increased 3.8%. Across our regional markets, organic growth in the third quarter of 2020 as compared to the third quarter of 2019 was as follows: the United States decreased 11.4%, Other North America decreased 7.6%, the United Kingdom decreased 12.5%, the Euro Markets & Other Europe decreased 9.6%, Asia Pacific decreased 12.8%, Latin America decreased 22.3% and the Middle East & Africa decreased 21.4%. Operating profit increased $28.1 million, or 5.9%, to $501.4 million compared to $473.3 million during the third quarter of 2019. Our operating margin for the third quarter of 2020 increased to 15.6% versus 13.1% for the third quarter of 2019. Salary and related service costs for the third quarter of 2020 includes the reduction in operating expenses related to reimbursements and tax credits under government programs in several countries where we have operations, including the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) in the U.S., the Kurzarbeit program in Germany, and other programs in the U.K., France, Canada and other jurisdictions. The impact of these items reduced salary and related service costs and increased operating profit by $68.7 million in the third quarter of 2020. For the third quarter of 2020, our effective income tax rate increased period-over-period to 26.7% from 26.5%. Year-to-Date Net income – Omnicom Group Inc. for the nine months ended September 30, 2020 decreased $376.8 million to $547.3 million compared to $924.1 million in the same period in 2019. Diluted net income per share – Omnicom Group Inc. for the nine months ended September 30, 2020 decreased $1.64 to $2.53 per share compared to $4.17 per share for the nine months ended September 30, 2019. Net income – Omnicom Group Inc. and diluted net income per share – Omnicom Group Inc. for the nine months ended September 30, 2020 included a net after-tax decrease of $133.9 million and $0.62 per share, respectively, as a result of repositioning costs and a net loss on dispositions during the second quarter of 2020 as well as the credit related to reimbursements and tax credits under government programs in several countries where we have operations, as discussed further below. Primarily due to the negative effects on our revenue arising from the COVID-19 pandemic in the second and third quarters of 2020, worldwide revenue for the nine months ended September 30, 2020 decreased 12.9% to $9,414.1 million from $10,812.5 million in the same period of 2019. The components of the change in revenue included a decrease in revenue from the negative impact of foreign currency translation of 0.9%, a decrease in acquisition revenue, net of disposition revenue of 0.4% and a decrease in revenue from negative organic growth of 11.7% when compared to the same period of 2019. Organic growth for the nine months ended September 30, 2020 compared to the same period in 2019 in our five fundamental disciplines was as follows: Advertising decreased 13.2%, CRM Consumer Experience decreased 15.8%, CRM Execution & Support decreased 15.6%, Public Relations decreased 5.8% and Healthcare increased 5.3%. Across our regional markets, organic growth for the nine months ended September 30, 2020 as compared to the same period of 2019 was as follows: the United States decreased 10.3%, Other North America decreased 12.7%, the United Kingdom decreased 11.1%, the Euro Markets & Other Europe decreased 14.4%, Asia Pacific decreased 10.2%, Latin America decreased 17.5% and the Middle East & Africa decreased 29.7%. Operating profit decreased $491.8 million, or 33.3%, to $984.1 million from $1,475.9 million for the nine months ended September 30, 2019. Our operating margin for the nine months ended September 30, 2020 decreased to 10.5% versus 13.6% for the same period of 2019. Operating profit for the nine months ended September 30, 2020 includes a net decrease aggregating $160.1 million due to repositioning costs recorded during the second quarter of 2020, comprised of incremental severance charges, right-of-use asset impairments and other real estate costs of $252.8 million, and a net loss on the disposition of certain subsidiaries and other charges of $25.1 million, partially offset by reimbursements and tax credits under government programs in several countries where we have operations, including the CARES Act in the U.S., the Kurzarbeit program in Germany, and other programs in the U.K., France, Canada and other jurisdictions, which reduced salary and related service costs by $117.8 million. Our effective tax rate for the nine months ended September 30, 2020 increased period-over-period to 28.5% from 26.0%. The non-deductibility in certain jurisdictions of a portion of the repositioning costs and net loss on dispositions recorded in the second quarter of 2020 had the effect of increasing our effective tax rate for the nine months ended September 30, 2020 from 26.6% to 28.5%. In addition, in the same period of 2019, income tax expense was reduced by $10.8 million, primarily from the net favorable settlements of uncertain tax positions in certain jurisdictions. As a result, our effective rate for the nine months ended September 30, 2020 would have approximated the rate in the same period in 2019 after considering these items. COVID-19 Business Update The COVID-19 pandemic has significantly impacted the global economy, our business and the results of operations. Public health efforts to mitigate the impact of the pandemic include government actions such as travel restrictions, limitations on public gatherings, shelter in place orders and mandatory closures. These actions have negatively impacted many of our clients’ businesses and in turn clients have reduced or plan to reduce their demand for our services. As a result, we experienced a reduction in our revenue beginning late in the first quarter of 2020, as compared to the same period in 2019. The reduction in our revenue continued during the second and third quarters of 2020 and is expected to continue for the remainder of the year. Such reductions in revenue could adversely impact our ongoing results of operations and financial position and the effects could be material. While we expect the pandemic to affect substantially all of our clients, certain industry sectors have been affected more immediately and more significantly than others, including travel, lodging and entertainment, energy and oil and gas, non-essential retail and automotive. Clients in these industries have already acted to cut costs, including postponing or reducing marketing communication expenditures. While certain industries such as healthcare and pharmaceuticals, technology and telecommunications, financial services and consumer products have fared relatively well to date, conditions are volatile and economic uncertainty cuts across all clients, industries and geographies. Overall, while we have a diversified portfolio of service offerings, clients and geographies, demand for our services can be expected to decline as marketers reduce expenditures in the short term due to the uncertain impact of the pandemic on the global economy. During the second quarter of 2020, we realigned our agencies’ cost structures, which included severance actions and furloughs to reduce the workforce, right-of-use asset impairments and other real estate costs, a net loss on the disposition of certain subsidiaries and other charges. These actions were taken to tailor their services and capabilities to changes in client demand. As we previously reported, during the first half of 2020, we took numerous proactive steps to strengthen our liquidity and financial position that we expect will help mitigate the potential impacts of COVID-19, including: The amendment and extension of our $2.5 billion credit facility to February 2025,The suspension of our share repurchase program,The issuance in February of $600 million 10-year 2.45% Senior Notes, which were used to finance the early redemption of the remaining $600 million of 4.45% Senior Notes that were due in August 2020,The issuance in early April of an additional $600 million 10-year 4.20% Senior Notes, andThe completion in early April, of a $400 million 364-day revolving credit facility, which is in addition to our existing $2.5 billion revolving credit facility that expires in February 2025. We have no long-term debt maturing until May 2022. Definitions – Components of Revenue Change We use certain terms in describing the components of the change in revenue above. Foreign exchange rate impact: calculated by translating the current period’s local currency revenue using the prior period average exchange rates to derive current period constant currency revenue. The foreign exchange rate impact is the difference between the current period revenue in U.S. Dollars and the current period constant currency revenue. Acquisition revenue, net of disposition revenue: Acquisition revenue is calculated as if the acquisition occurred twelve months prior to the acquisition date by aggregating the comparable prior period revenue of acquisitions through the acquisition date. As a result, acquisition revenue excludes the positive or negative difference between our current period revenue subsequent to the acquisition date and the comparable prior period revenue and the positive or negative growth after the acquisition date is attributed to organic growth. Disposition revenue is calculated as if the disposition occurred twelve months prior to the disposition date by aggregating the comparable prior period revenue of disposals through the disposition date. The acquisition revenue and disposition revenue amounts are netted in the description above. Organic growth: calculated by subtracting the foreign exchange rate impact component and the acquisition revenue, net of disposition revenue component from total revenue growth. Forward-looking Statements Certain statements in this press release related to the potential impact of the COVID-19 outbreak constitute forward-looking statements, including statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of the Company’s management as well as assumptions made by, and information currently available to, the Company’s management. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “should,” “would,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or similar words, phrases or expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are outside the Company’s control. Therefore, you should not place undue reliance on such statements. You should carefully consider this and the other risks and uncertainties that may affect the Company’s business, including those described in Item 1A, “Risk Factors” and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2019 and other documents filed from time to time with the Securities and Exchange Commission. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. Conference Call Omnicom will host a conference call to review the third quarter financial results on Tuesday, October 27, 2020 at 8:15 a.m. EDT. Participants can listen to the conference call by dialing (844) 291-5490 (domestic) or (409) 207-6993 (international), along with access code 5158965. The call will also be simulcast and archived on our website at: https://investor.omnicomgroup.com/investor-relations/news-events-and-filings. About Omnicom Group Inc. Omnicom Group Inc. (NYSE: OMC) (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 70 countries. Follow us on Twitter for the latest news. Omnicom Group Inc. Consolidated Statements of Income Three Months Ended September 30 (Unaudited) (Dollars in Millions, Except Per Share Data) 2020 (a) 2019 Revenue $ 3,206.5 $ 3,623.8 Operating Expenses: Salary and service costs 2,287.1 2,704.7 Occupancy and other costs 273.1 290.7 Costs of services 2,560.2 2,995.4 Selling, general and administrative expenses 90.2 97.2 Depreciation and amortization 54.7 57.9 2,705.1 3,150.5 Operating Profit 501.4 473.3 Interest Expense 54.4 62.8 Interest Income 5.9 13.5 Income Before Income Taxes 452.9 424.0 Income Tax Expense 120.9 112.3 Income From Equity Method Investments 2.9 0.5 Net Income 334.9 312.2 Net Income Attributed To Noncontrolling Interests 21.6 22.0 Net Income – Omnicom Group Inc. $ 313.3 $ 290.2 Net Income Per Share – Omnicom Group Inc. Basic $ 1.45 $ 1.33 Diluted $ 1.45 $ 1.32 Weighted average shares (in millions) Basic 215.4 218.2 Diluted 215.8 219.4 Dividends Declared Per Common Share $ 0.65 $ 0.65 (a) Salary and related service costs for the third quarter of 2020 includes the reduction in operating expenses related to reimbursements and tax credits under government programs in several countries where we have operations, including the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) in the U.S., the Kurzarbeit program in Germany, and other programs in the U.K., France, Canada and other jurisdictions. The impact of these items reduced salary and related service costs and increased Operating Profit by $68.7 million, Net Income – Omnicom Group Inc. by $52.3 million and diluted net income per share – Omnicom Group Inc. by $0.24 for the three months ended September 30, 2020. Omnicom Group Inc. Consolidated Statements of Income Nine Months Ended September 30 (Unaudited) (Dollars in Millions, Except Per Share Data) 2020 (a) (b) 2019 Revenue $ 9,414.1 $ 10,812.5 Operating Expenses: Salary and service costs 6,851.5 7,937.5 Occupancy and other costs 872.6 915.4 Repositioning costs and net loss on dispositions 277.9 — Costs of services 8,002.0 8,852.9 Selling, general and administrative expenses 259.2 308.4 Depreciation and amortization 168.8 175.3 8,430.0 9,336.6 Operating Profit 984.1 1,475.9 Interest Expense 166.6 192.4 Interest Income 25.1 46.9 Income Before Income Taxes 842.6 1,330.4 Income Tax Expense 240.2 345.5 Income (Loss) From Equity Method Investments (10.1) 1.2 Net Income 592.3 986.1 Net Income Attributed To Noncontrolling Interests 45.0 62.0 Net Income – Omnicom Group Inc. $ 547.3 $ 924.1 Net Income Per Share – Omnicom Group Inc. Basic $ 2.54 $ 4.19 Diluted $ 2.53 $ 4.17 Weighted average shares (in millions) Basic 215.6 220.3 Diluted 216.2 221.5 Dividends Declared Per Common Share $ 1.95 $ 1.95 (a) During the second quarter of 2020, we recorded expenses for certain repositioning actions related to the realignment of our businesses in reaction to the COVID-19 pandemic and recorded a net loss on the disposition of certain subsidiaries. The impact of these items decreased Operating Profit by $277.9 million, Net Income – Omnicom Group Inc. by $223.1 million and diluted net income per share – Omnicom Group Inc. by $1.03 for the nine months ended September 30, 2020. (b) Salary and related service costs include the reduction in operating expenses related to reimbursements and tax credits under government programs in several countries where we have operations, including the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) in the U.S., the Kurzarbeit program in Germany, and other programs in the U.K., France, Canada and other jurisdictions. The impact of these items reduced salary and related service costs and increased Operating Profit by $117.8 million, Net Income – Omnicom Group Inc. by $89.2 million and diluted net income per share – Omnicom Group Inc. by $0.41 for the nine months ended September 30, 2020. Omnicom Group Inc. Detail of Operating Expenses Three Months Ended September 30 (Unaudited) 2020 2019 Operating Expenses: Salary and service costs Salary and related service costs $ 1,501.1 $ 1,724.5 Third-party service costs 786.0 980.2 Occupancy and other costs 273.1 290.7 Costs of services 2,560.2 2,995.4 Selling, general and administrative expenses 90.2 97.2 Depreciation and amortization 54.7 57.9 Total Operating Expenses $ 2,705.1 $ 3,150.5 Omnicom Group Inc. Detail of Operating Expenses Nine Months Ended September 30 (Unaudited) 2020 2019 Operating Expenses: Salary and service costs Salary and related service costs $ 4,568.2 $ 5,050.7 Third-party service costs 2,283.3 2,886.8 Occupancy and other costs 872.6 915.4 Repositioning costs and net loss on dispositions 277.9 — Costs of services 8,002.0 8,852.9 Selling, general and administrative expenses 259.2 308.4 Depreciation and amortization 168.8 175.3 Total Operating Expenses $ 8,430.0 $ 9,336.6 Omnicom Group Inc. Impact of Repositioning Actions, Net Loss on Dispositions and Government Wage Programs Three and Nine Months Ended September 30, 2020 (Unaudited) (Dollars in Millions) Three Months endedSeptember 30, 2020 Nine Months ended September 30, 2020 Gov’t WagePrograms Total SeveranceActions Real EstateActions Other Total Operating Expenses (a) (b): Salary and service costs Salary and related service costs $ (68.7) $ (68.7) $ — $ — $ (117.8) $ (117.8) Third-party costs — — — — — — Occupancy and other costs — — — — — — Repositioning costs and net losson dispositions — — 150.0 102.8 25.1 277.9 Costs of services (68.7) (68.7) 150.0 102.8 (92.7) 160.1 Selling, general andadministrative expenses — — — — — — Depreciation and amortization — — — — — — Operating Expenses $ (68.7) $ (68.7) $ 150.0 $ 102.8 $ (92.7) $ 160.1 (a) The above table identifies the pre-tax impact of certain repositioning actions related to the realignment of our businesses in reaction to the COVID-19 pandemic and recorded a net loss on the disposition of certain subsidiaries of $277.9 million. (b) Additionally, salary and related service costs for the third quarter of 2020 and the year to date 2020 periods include the reduction in operating expenses related to reimbursements and tax credits under government programs in several countries where we have operations. The impact of these items reduced salary and related service costs and increased operating profit by $68.7 million and $117.8 million for the three and nine months ended September 30, 2020, respectively.
Omnicom Health Group names Gena M. Pemberton VP, Director of Diversity, Equity, and Inclusion Posted on October 26, 2020December 10, 2020 by Revanth Ravish The new role will build on the company’s efforts to diversify and grow healthcare talent NEW YORK, Oct. 26, 2020 /PRNewswire/ — Omnicom Health Group (OHG) announced the addition of Gena M. Pemberton to its leadership team as the Group’s VP, Director of Diversity, Equity, and Inclusion. She joins a network of healthcare communications professionals committed to creating an inclusive, supportive work environment where all employees are valued, accepted and have equal access to rewarding career opportunities and growth. Pemberton will lead the implementation of Omnicom’s OPEN 2.0 action plan and OHG’s ongoing effort to aggressively increase diversity across all employee levels, partnering with OHG’s agency leaders, Talent Resource Groups (including the Black Collective and OHG Voices) and Talent Acquisition Group to achieve this goal. Pemberton will report to Carolyn Bartholdson, Chief Human Resources Officer of Omnicom Health Group. “I’m thrilled to be joining OHG, and to bring my passions for diversity, healthcare, and communications together in order to make OHG an even more inclusive professional community,” said Pemberton. “I love OHG’s commitment to being the ‘Best of Health,’ and I look forward to helping us become the best in terms of diversity.” Pemberton brings more than 20 years of corporate talent experience to her new role at OHG from previous positions at Johnson & Johnson and Motorola. “Gina’s direct experience in Diversity, Equity and Inclusion—combined with her recruiting and finance experience—make her a uniquely qualified practitioner who can help us make real change happen,” noted Ed Wise, CEO of Omnicom Health Group. Over the past 13 years at Johnson & Johnson, Pemberton helped develop several initiatives to support the recruitment and development of diverse talent. Her work led to a 25% increase in diverse hires, a novel training program designed to remove bias during candidate selection, and the establishment of the Finance African Ancestry Leadership Council, a Johnson & Johnson employee resource group. Most recently, she has served as a Senior DEI Consultant at the Alliance for Inclusive Multicultural Marketing (AIMM), a program led by the Association of National Advertisers (ANA). She is also a dedicated volunteer and is currently serving as the President for the National Hampton Alumni Association, Inc. Pemberton earned a Bachelor of Science in Accounting from Hampton University, an MBA from University of Phoenix, and a Diversity and Inclusion Certificate from Cornell University. About Omnicom Health Group Omnicom Health Group (www.omnicomhealthgroup.com) is a global collective of communications companies with more than 4,600 dedicated healthcare communications specialists. It provides marketing services to the health and life-science industries through a combination of specialized agencies, customized client solutions, and collaborations with other Omnicom network agencies. Organized around four customer groups—healthcare professionals, patients, payers, and medical, evidence, and regulatory stakeholders—Omnicom Health Group serves more than 150 clients in over 55 offices worldwide. Omnicom Health Group believes it brings the best talent to the work it does by amplifying underrepresented voices, actively providing platforms for connection and development, and pursuing diverse representation in its talent pipeline. About Omnicom Group Inc. Omnicom Group (NYSE: OMC) (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and other specialty communications services to over 5,000 clients in more than 70 countries. Follow us on Twitter for the latest news. SOURCE Omnicom Health Group Related Links https://www.omnicomhealthgroup.com
Omnicom Group Announces Departure of Tiffany R. Warren, SVP & Chief Diversity Officer Posted on October 14, 2020December 10, 2020 by Revanth Ravish NEW YORK, Oct. 14, 2020 /PRNewswire/ — Omnicom Group (NYSE: OMC) today announced that Tiffany R. Warren, SVP & Chief Diversity Officer, will be leaving the company at the end of October to take up a leadership position at Sony Music Group. A search for a new Chief Diversity Officer is currently being conducted. “Over a decade ago, Tiffany joined Omnicom in a newly established role that was one of the first in our industry, and since that time, she has demonstrated an unwavering passion and dedication to diversity, equity and inclusion that has underpinned our own core values,” said John Wren, Chairman and Chief Executive Officer, Omnicom Group. “Under Tiffany’s leadership, we’ve made notable gains in recruiting, retaining and developing a diverse workforce across the group and have accelerated our momentum in doing more to advance systemic equity. We thank Tiffany for her many contributions across Omnicom, especially the establishment of the OPEN Leadership Team, and we wish her well in her new role at Sony.” “Goodbyes are hard when you love what you are leaving, but it is time,” said Tiffany R. Warren. “Through the innovative work of the remarkable members of the OPEN Leadership Team, Omnicom is strongly positioned to continue leading and innovating in the areas of diversity, equity and inclusion. I am confident of the progress that will be made throughout Omnicom’s networks as OPEN 2.0 continues to guide its DE&I work, including new internal initiatives, client best practices, industry collaboration and work with social justice organizations.” Tiffany R. Warren joined Omnicom Group in January of 2009. During her time as Chief Diversity Officer, Warren enhanced Omnicom’s vision to be a world class, benchmark company for sustainable diversity, equity and inclusion. As the head of the OPEN Leadership Team, she grew the group to include 25 Diversity Champions across Omnicom’s agencies and networks and has assisted with Omnicom-wide change efforts to advance and retain diverse talent. OPEN 2.0, which was recently created under Warren’s leadership, will continue to be implemented throughout Omnicom following her departure. About Omnicom Group Inc.Omnicom Group (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 70 countries. Follow us on Twitter for the latest news. SOURCE Omnicom Group Inc. Related Links https://www.omnicomgroup.com
Ketchum Appoints Lindsay Wagner Head of DE&I, North America Posted on September 30, 2020December 10, 2020 by Revanth Ravish NEW YORK, Sept. 30, 2020 – Leading global communications consultancy Ketchum promoted Lindsay Wagner to the role of SVP and head of diversity, equity and inclusion for North America. She joins the firm’s North America leadership team and will report to Mike Doyle, president and CEO of Ketchum. In this role, Wagner will be responsible for developing and executing Ketchum’s diversity and belonging strategy in North America, which includes auditing and amplifying the firm’s existing DE&I programs, developing new programs that support the recruitment, retention and engagement of diverse talent, and establishing metrics to set objectives and track progress throughout all levels of the firm. She will partner closely with Soon Mee Kim, chief DE&I officer for Omnicom Public Relations Group, and Tiffany R. Warren, Omnicom Group’s chief diversity officer, on critical DE&I strategies at the holding company level. In addition to driving internal actions for diversity, equity and inclusion, Wagner will continue to counsel clients on strategic business and marketing decisions related to their own DE&I efforts. “This mission needs a dedicated, passionate and irrefutably qualified senior leader to drive DE&I in our largest region – and Lindsay is undoubtedly the right person for this job,” Doyle said. “We’ve made a long-term commitment to making systemic change that will require many dialogues, decisions, actions, and a willingness to be comfortable with being uncomfortable at times, and I’m thrilled that Lindsay will help guide us and hold us to the high standard we must set for ourselves.” Prior to assuming this role, Wagner served as a VP leading client work across luxury, lifestyle, transportation and consumer brands. For five years, she has served as a leader in Ketchum’s North America DE&I Council and in her local New York and Los Angeles marketplace DE&I councils. In that time, she has worked hand-in-hand with council members, North America business leaders and DE&I leaders across the network, including Michele Lanza, partner, global recruitment and retention strategies, and Giannina Seaman, VP and director, HR & DEI, to create programming, training and engagement efforts dedicated to making Ketchum a more inclusive and diverse community. “My commitment is to focus on progress and transformation,” said Wagner. “We are all on this revolutionary road together, which means that DE&I is not one person’s job – it is incumbent on all of us to take ownership and advocate for diversity, equity and inclusion at all levels by first prioritizing people, because it’s good for them and it’s good for business. My role will be to hold the organization accountable to take action, to be transparent, to amplify diverse voices and engage in corporate activism.” Wagner’s DE&I and social justice work includes serving on the ADCOLOR jury for three years, previously leading ColorComm’s New York chapter as executive director, and organizing multiple large-scale direct actions on behalf of Justice League NYC and Justice League CA. Her Justice League actions include a nine-day, 250-mile march to bring three pieces of federal legislation for criminal justice reform from New York to Washington, D.C. which garnered support from various industries and media coverage along the way. In addition, she served as a supportive organizer for the national co-chairs at the 2017 Women’s March in D.C. and continues to serve on a task force of The Gathering For Justice, a nonprofit founded by Civil Rights icon Harry Belafonte and led by globally recognized social justice and Civil Rights leader Carmen Perez. The organization is dedicated to ending racial inequality in the criminal justice system and building a movement to end child incarceration. Wagner’s efforts have earned her the Pat Tobin Award from the Black Public Relations Society of Los Angeles and the distinguished Chairman’s Award from the NAACP Image Awards, as part of Justice About KetchumThe winner of 105 Cannes Lions and PRovoke’s Global Creative Agency of the Year, Ketchum is the most creatively awarded firm in our industry. We’re equal parts human-centered and business-focused, empathetic and intelligent. As a global communications consultancy, we combine the deep industry and specialty expertise of boutique firms with global reach to find unexpected connections that lead to lasting relationships and work that matters. For more information on Ketchum, a part of Omnicom Public Relations Group, visit www.ketchum.com. About Omnicom Public Relations GroupOmnicom Public Relations Group is a global collective of three of the top global public relations agencies worldwide and specialist agencies in areas including public affairs, marketing to women, global health strategy and corporate social responsibility. It encompasses more than 6,300 public relations professionals in more than 370 offices worldwide who provide their expertise to companies, government agencies, NGOs and nonprofits across a wide range of industries. Omnicom Public Relations Group delivers for clients through a relentless focus on talent, continuous pursuit of innovation and a culture steeped in collaboration. Omnicom Public Relations Group is part of the DAS Group of Companies, a division of Omnicom Group Inc. (NYSE: OMC) that includes more than 200 companies in a wide range of marketing disciplines including advertising, public relations, healthcare, customer relationship management, events, promotional marketing, branding and research.
Omnicom at Advertising Week 2020 Posted on September 29, 2020January 12, 2021 by Revanth Ravish Advertising Week 2020, or AW2020, will be held online this year as a reimagined virtual event for a global audience. Held from September 29-October 8, the agenda is purpose-built to bring the marketing, media, technology, and creative industries together to drive change. Omnicom, along with several agency members from across the networks, will be featured in speaking sessions throughout the week. Highlights include: Tuesday, September 29th 4:30AM | “Great Minds Morning Debate: This house believes that advertising has responded well to the Covid-19 crisis” with Philippa Brown, CEO, PHD Worldwide 10:30AM | “How do you make better decisions faster for your brand, when the world stops?” with Jean-Paul Edwards, Chief Product Officer, OMD & Israel Mirsky, Global Head of Technology & Emerging Platforms, OMD Wednesday, September 30th 10:00AM | “Leading with Purpose: A fireside chat with Alex Mahon, CEO, Channel 4” with John O’Brien, Managing Partner, EMEA, ONE HUNDRED 10:30AM | “Overcoming Overwhelm” with Katie Lee, CEO, Lucky Generals Thursday, October 1st 10:30AM | “Climate Change and the Advertising Industry”withAnthony Falco, Chief Production Officer, adam&eveDDB Monday, October 5th 2:00PM | “Attracting Ad Budgets: How TikTok & Integer Group Win High Profile Clients” with Nicole Souza, EVP Growth & Marketing, The Integer Group Tuesday, October 6th 9:00AM | “Is There a Place for Brands on the Frontlines of Identity-Based Activism?” withJason Rosario, Chief DE&I Officer, BBDO Worldwide 3:00PM | “Comedian Ilana Glazer is Disrupting Politics” with Doug Melville, Chief Diversity Officer, TBWA North America Thursday, October 8th 11:00AM | “Changing the Narrative Around Racial Injustice” with Tiffany R. Warren, SVP & Chief Diversity Officer, Omnicom Group View the full list of sessions here.
Omnicom Public Relations Group Appoints Soon Mee Kim Chief Diversity, Equity & Inclusion Officer Posted on September 9, 2020December 10, 2020 by Revanth Ravish NEW YORK, Sept. 9, 2020 /PRNewswire/ — Omnicom Public Relations Group (OPRG) today announced the appointment of Soon Mee Kim to Chief Diversity, Equity & Inclusion Officer. Kim will be responsible for working with OPRG agency leaders to develop policies, practices and programs that advance diversity, equity and inclusion (DE&I) internally, along with client initiatives and in the communities where we live and work. She will take this newly created position on September 15, reporting to both the CEO of OPRG and Omnicom Group’s Chief Diversity Officer. “Diversity, equity and inclusion are moral and business imperatives for Omnicom,” said Kim. “I am honored for the opportunity to develop a cohesive vision and strategy across OPRG with the goal of making our collective agencies a place where all – including those from underrepresented communities such as people of color, those with disabilities, and members of the LGBTQ+ community – are welcome, valued and can thrive.” Prior to this appointment, Soon Mee Kim spent 14 years at Porter Novelli, most recently as executive vice president and Global Diversity, Equity and Inclusion Leader. During her tenure in this position, Porter Novelli earned top honors from PRWeek and PR Council for Best PR Firm Diversity Initiative for substantive progress in representation. She has more than 25 years of communications experience, supporting a broad range of clients across industries. “Fostering an inclusive workforce filled with diverse talent has always been an important cornerstone of Omnicom’s business strategy, but the need for transformation has been accelerated with the groundswell of a grassroots anti-racism movement seen around the world,” said Tiffany R. Warren, Omnicom Group’s Chief Diversity Officer. “I am thrilled to continue working with Soon Mee in her new role to drive forward Omnicom’s OPEN 2.0 DE&I strategy within OPRG, building a diverse workforce that reflects the world we live in.” Kim is being recognized as a 2020 ADCOLOR Legend at the 14th Annual ADCOLOR Awards on September 10th. Previously, she has been named to PRWeek’s Hall of Femme, recognized as a Top 25 Innovator for the Americas by PRovoke Media and named 2018 Diversity Champion of the Year by PRWeek and the PR Council. In her new role, Soon Mee will continue to sit on Omnicom’s OPEN Leadership Team, chair the PR Council’s diversity community and serve on the board of directors for The LAGRANT Foundation, ColorComm, and a host of other organizations. “As Porter Novelli’s first executive dedicated to diversity and inclusion, Soon Mee has made a great impact both within the agency and as a thought leader in the industry,” said John Doolittle, interim CEO of OPRG. “As the largest group of communications professionals in the world, we have a great opportunity to create long-term change.” About Omnicom Public Relations Group Omnicom Public Relations Group is a global collective of three of the top global public relations agencies worldwide and specialist agencies in areas including public affairs, marketing to women, global health strategy and corporate social responsibility. It encompasses more than 6,300 public relations professionals in more than 370 offices worldwide who provide their expertise to companies, government agencies, NGOs and nonprofits across a wide range of industries. Omnicom Public Relations Group delivers for clients through a relentless focus on talent, continuous pursuit of innovation and a culture steeped in collaboration. Omnicom Public Relations Group is part of the DAS Group of Companies, a division of Omnicom Group Inc. (NYSE: OMC) that includes more than 200 companies in a wide range of marketing disciplines including advertising, public relations, healthcare, customer relationship management, events, promotional marketing, branding and research. SOURCE Omnicom Public Relations Group
Omnicom Group Reports Second Quarter and Year-to-Date 2020 Results Posted on July 28, 2020December 10, 2020 by Revanth Ravish NEW YORK, July 28, 2020 /PRNewswire/ — Omnicom Group Inc. (NYSE: OMC) today announced a net loss – Omnicom Group Inc. for the second quarter of 2020 of $24.2 million compared to net income – Omnicom Group Inc. of $370.7 million in the second quarter of 2019. Diluted net loss per share for the second quarter of 2020 was $0.11 per share compared to diluted net income per share of $1.68 for the second quarter of 2019. Net loss – Omnicom Group Inc. and diluted net loss per share – Omnicom Group Inc. in the second quarter of 2020 included a net after-tax decrease of $223.1 million and $1.03 per share, respectively, as a result of repositioning costs and a net loss on dispositions during the quarter, as discussed further below. Adjusting for the impact of those items, net income – Omnicom Group Inc. for the second quarter of 2020 would have decreased $171.8 million, or 46.3%, to $198.9 million compared to $370.7 million in the second quarter of 2019 and diluted net income per share – Omnicom Group Inc. would have decreased $0.76, or 45.2%, to $0.92 per share compared to $1.68 for the second quarter of 2019. Primarily due to the negative effects on our revenue arising from the coronavirus disease 2019 (“COVID-19”) pandemic, Omnicom’s worldwide revenue in the second quarter of 2020 decreased 24.7% to $2,800.7 million from $3,719.8 million in the second quarter of 2019. The components of the change in revenue included a decrease in revenue from the negative impact of foreign currency translation of 1.7%, a decrease in acquisition revenue, net of disposition revenue of 0.1% and a decrease in revenue from negative organic growth of 23.0% when compared to the second quarter of 2019. Organic growth in the second quarter of 2020 as compared to the second quarter of 2019 in our five fundamental disciplines was as follows: Advertising decreased 26.6%, CRM Consumer Experience decreased 25.6%, CRM Execution & Support decreased 27.6%, Public Relations decreased 13.9% and Healthcare increased 3.2%. Across our regional markets, organic growth in the second quarter of 2020 as compared to the second quarter of 2019 was as follows: the United States decreased 20.7%, Other North America decreased 29.6%, the United Kingdom decreased 23.7%, the Euro Markets & Other Europe decreased 29.4%, Asia Pacific decreased 18.6%, Latin America decreased 24.1% and the Middle East & Africa decreased 39.4%. Operating profit in the second quarter of 2020 included a pre-tax decrease of $277.9 million due to repositioning costs, comprised of incremental severance charges, right-of-use asset impairments and other real estate costs of $252.8 million, and a net loss on the disposition of certain subsidiaries and other charges of $25.1 million. Operating profit decreased $511.2 million, or 89.1%, to $62.5 million compared to $573.7 million during the second quarter of 2019. Our operating margin for the second quarter of 2020 decreased to 2.2% versus 15.4% for the second quarter of 2019. Adjusting for the impact of the repositioning actions and net loss on dispositions discussed above, operating profit in the second quarter of 2020 would have decreased $233.3 million, or 40.7%, to $340.4 million from $573.7 million in the second quarter of 2019, while operating margin for the second quarter of 2020 would have decreased to 12.2% when compared to 15.4% for the second quarter of 2019. For the second quarter of 2020, our effective income tax rate increased period-over-period to 143.1% from 24.9%. The increase was primarily attributable to the non-deductibility in certain jurisdictions of a portion of the repositioning costs and loss on dispositions. In the second quarter of 2019, income tax expense was reduced by $10.8 million primarily from the net favorable settlements of uncertain tax positions in certain jurisdictions. The non-deductibility of a portion of the repositioning costs and loss on dispositions in certain jurisdictions with lower effective tax rates resulted in a lower tax benefit, which had the effect of increasing our second quarter 2020 effective tax rate from 26.2% to 143.1%. Year-to-Date Net income – Omnicom Group Inc. for the six months ended June 30, 2020 decreased $399.9 million, or 63.1%, to $234.0 million compared to $633.9 million in the same period in 2019. Diluted net income per share – Omnicom Group Inc. for the six months ended June 30, 2020 decreased $1.77, or 62.1%, to $1.08 per share compared to $2.85 per share for the six months ended June 30, 2019. Net income – Omnicom Group Inc. and diluted net income per share – Omnicom Group Inc. for the six months ended June 30, 2020 included a net after-tax decrease of $223.1 million and $1.03 per share, respectively, as a result of repositioning costs and a net loss on dispositions during the second quarter of 2020, as previously discussed above. Adjusting for the impact of those items, net income – Omnicom Group Inc. for the six months ended June 30, 2020 would have decreased $176.8 million, or 27.9%, to $457.1 million compared to $633.9 million in the same period in 2019, and diluted net income per share – Omnicom Group Inc. would have decreased $0.74, or 26.0%, to $2.11 per share compared to $2.85 per share for the six months ended June 30, 2019. Primarily due to the negative effects on our revenue arising from the COVID-19 pandemic in the second quarter of 2020, worldwide revenue for the six months ended June 30, 2020 decreased 13.6% to $6,207.6 million from $7,188.7 million in the same period of 2019. The components of the change in revenue included a decrease in revenue from the negative impact of foreign currency translation of 1.6%, a decrease in acquisition revenue, net of disposition revenue of 0.4% and a decrease in revenue from negative organic growth of 11.7% when compared to the same period of 2019. Organic growth for the six months ended June 30, 2020 compared to the same period in 2019 in our five fundamental disciplines was as follows: Advertising decreased 13.9%, CRM Consumer Experience decreased 14.0%, CRM Execution & Support decreased 13.7%, Public Relations decreased 7.0% and Healthcare increased 6.2%. Across our regional markets, organic growth for the six months ended June 30, 2020 as compared to the same period of 2019 was as follows: the United States decreased 9.8%, Other North America decreased 15.1%, the United Kingdom decreased 10.4%, the Euro Markets & Other Europe decreased 16.6%, Asia Pacific decreased 8.9%, Latin America decreased 15.0% and the Middle East & Africa decreased 33.2%. Operating profit for the six months ended June 30, 2020 included a pre-tax decrease of $277.9 million due to repositioning costs, comprised of incremental severance charges, right-of-use asset impairments and other real estate costs of $252.8 million, and a net loss on the disposition of certain subsidiaries and other charges of $25.1 million. Operating profit decreased $519.9 million, or 51.9%, to $482.7 million from $1,002.6 million for the six months ended June 30, 2019. Our operating margin for the six months ended June 30, 2020 decreased to 7.8% versus 13.9% for the same period of 2019. Adjusting for the impact of the repositioning actions and net loss on dispositions discussed above, operating profit for the six months ended June 30, 2020 would have decreased $242.0 million, or 24.1%, to $760.6 million from $1,002.6 million for the six months ended June 30, 2019, while operating margin during the period would have decreased to 12.3% versus 13.9% for the same period of 2019. Our effective tax rate for the six months ended June 30, 2020 increased period-over-period to 30.6% from 25.7%. The increase was primarily attributable to the non-deductibility in certain jurisdictions of a portion of the repositioning costs and loss on dispositions. In the same period of 2019, income tax expense was reduced by $10.8 million primarily from the net favorable settlements of uncertain tax positions in certain jurisdictions. The non-deductibility of a portion of the repositioning costs and loss on dispositions in certain jurisdictions with lower effective tax rates resulted in a lower tax benefit, which had the effect of increasing our effective tax rate for the six months ended June 30, 2020 from 26.1% to 30.6%. Non-GAAP Financial Measures We use certain non-GAAP financial measures in describing our performance. Non-GAAP 2020 Adjusted results, which exclude the impact of repositioning actions taken and a net loss on the disposition of certain subsidiaries in the second quarter of 2020, are presented in the second quarter and year-to-date results presented above and in the tables in this release. We believe that the Non-GAAP 2020 Adjusted results are useful measures for investors to understand the impact these actions had on our reported results. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies. COVID-19 Business Update The COVID-19 pandemic has significantly impacted the global economy, our business and the results of operations. Public health efforts to mitigate the impact of the pandemic include government actions such as travel restrictions, limitations on public gatherings, shelter in place orders and mandatory closures. These actions have negatively impacted many of our clients’ businesses and in turn clients have reduced or plan to reduce their demand for our services. As a result, we experienced a reduction in our revenue beginning late in the first quarter of 2020, as compared to the same period in 2019. The reduction in our revenue continued during the second quarter of 2020 and is expected to continue for the remainder of the year. Such reductions in revenue could adversely impact our ongoing results of operations and financial position and the effects could be material. While we expect the pandemic to affect substantially all of our clients, certain industry sectors have been affected more immediately and more significantly than others, including travel, lodging and entertainment, energy and oil and gas, non-essential retail and automotive. Clients in these industries have already acted to cut costs, including postponing or reducing marketing communication expenditures. While certain industries such as healthcare and pharmaceuticals, technology and telecommunications, financial services and consumer products have fared relatively well to date, conditions are volatile and economic uncertainty cuts across all clients, industries and geographies. Overall, while we have a diversified portfolio of service offerings, clients and geographies, demand for our services can be expected to decline as marketers reduce expenditures in the short term due to the uncertain impact of the pandemic on the global economy. During the second quarter of 2020, we realigned our agencies’ cost structures, which included severance actions and furloughs to reduce the workforce, right-of-use asset impairments and other real estate costs, a net loss on the disposition of certain subsidiaries and other charges. These actions were taken to tailor their services and capabilities to changes in client demand. As we previously reported, in March 2020 and early in the second quarter of 2020, we have taken numerous proactive steps to strengthen our liquidity and financial position over the past several months that we expect will help mitigate the potential impacts of COVID-19, including: The amendment and extension of our $2.5 billion credit facility to February 2025, The suspension of our share repurchase program, The issuance in February of $600 million 10-year 2.45% Senior Notes, which were used to finance the early redemption of the remaining $600 million of 4.45% Senior Notes that were due in August 2020, The issuance in early April of an additional $600 million 10-year 4.20% Senior Notes, and The completion in early April, of a $400 million 364-day revolving credit facility, which is in addition to our existing $2.5 billion revolving credit facility that expires in February 2025. We have no long-term debt maturing until May 2022. Definitions – Components of Revenue Change We use certain terms in describing the components of the change in revenue above. Foreign exchange rate impact: calculated by translating the current period’s local currency revenue using the prior period average exchange rates to derive current period constant currency revenue. The foreign exchange rate impact is the difference between the current period revenue in U.S. Dollars and the current period constant currency revenue. Acquisition revenue, net of disposition revenue: Acquisition revenue is calculated as if the acquisition occurred twelve months prior to the acquisition date by aggregating the comparable prior period revenue of acquisitions through the acquisition date. As a result, acquisition revenue excludes the positive or negative difference between our current period revenue subsequent to the acquisition date and the comparable prior period revenue and the positive or negative growth after the acquisition date is attributed to organic growth. Disposition revenue is calculated as if the disposition occurred twelve months prior to the disposition date by aggregating the comparable prior period revenue of disposals through the disposition date. The acquisition revenue and disposition revenue amounts are netted in the description above. Organic growth: calculated by subtracting the foreign exchange rate impact component and the acquisition revenue, net of disposition revenue component from total revenue growth. Forward-looking Statements Certain statements in this press release related to the potential impact of the COVID-19 outbreak constitute forward-looking statements, including statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of the Company’s management as well as assumptions made by, and information currently available to, the Company’s management. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “should,” “would,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or similar words, phrases or expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are outside the Company’s control. Therefore, you should not place undue reliance on such statements. You should carefully consider this and the other risks and uncertainties that may affect the Company’s business, including those described in Item 1A, “Risk Factors” and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2019 and other documents filed from time to time with the Securities and Exchange Commission. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. Conference Call Omnicom will host a conference call to review the second quarter financial results on Tuesday, July 28, 2020 at 8:30 a.m. EDT. Participants can listen to the conference call by dialing (844) 721-7239 (domestic) or (409) 207-6953 (international), along with access code 5962009. The call will also be simulcast and archived on our website at: https://investor.omnicomgroup.com/investor-relations/news-events-and-filings. About Omnicom Group Inc. Omnicom Group Inc. (NYSE: OMC) (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 70 countries. Follow us on Twitter for the latest news. Omnicom Group Inc. Consolidated Statements of Income Three Months Ended June 30 (Unaudited)(Dollars in Millions, Except Per Share Data) 2020 (a) 2019 Revenue $ 2,800.7 $ 3,719.8 Operating Expenses: Salary and service costs 2,031.1 2,665.2 Occupancy and other costs 290.0 315.4 Repositioning costs and net loss on dispositions 277.9 — Costs of services 2,599.0 2,980.6 Selling, general and administrative expenses 82.1 107.7 Depreciation and amortization 57.1 57.8 2,738.2 3,146.1 Operating Profit 62.5 573.7 Interest Expense 53.7 66.6 Interest Income 6.5 16.4 Income Before Income Taxes 15.3 523.5 Income Tax Expense 21.9 130.6 Income (Loss) From Equity Method Investments (7.8) 1.2 Net Income (Loss) (14.4) 394.1 Net Income (Loss) Attributed To Noncontrolling Interests 9.8 23.4 Net Income (Loss) – Omnicom Group Inc. $ (24.2) $ 370.7 Net Income (Loss) Per Share – Omnicom Group Inc. Basic $ (0.11) $ 1.69 Diluted $ (0.11) $ 1.68 Weighted average shares (in millions) Basic 214.9 219.6 Diluted 215.4 220.9 Dividends Declared Per Common Share $ 0.65 $ 0.65 (a) During the second quarter of 2020, we recorded expenses for certain repositioning actions related to the realignment of our businesses in reaction to the COVID-19 pandemic and recorded a net loss on the disposition of certain subsidiaries. The net impact of these items decreased Operating Profit by $277.9 million, Net Income – Omnicom Group Inc. by $223.1 million and Diluted Net Income Per Share – Omnicom Group Inc. $1.03 per share for the three months ended June 30, 2020. Additional information regarding the realignment actions and net loss on dispositions are presented in the tables below. Omnicom Group Inc. Consolidated Statements of Income Six Months Ended June 30(Unaudited)(Dollars in Millions, Except Per Share Data) 2020 (a) 2019 Revenue $ 6,207.6 $ 7,188.7 Operating Expenses: Salary and service costs 4,564.4 5,232.8 Occupancy and other costs 599.6 624.7 Repositioning costs and net loss on dispositions 277.9 — Costs of services 5,441.9 5,857.5 Selling, general and administrative expenses 168.9 211.2 Depreciation and amortization 114.1 117.4 5,724.9 6,186.1 Operating Profit 482.7 1,002.6 Interest Expense 112.2 129.6 Interest Income 19.2 33.4 Income Before Income Taxes 389.7 906.4 Income Tax Expense 119.3 233.2 Income (Loss) From Equity Method Investments (13.0) 0.7 Net Income 257.4 673.9 Net Income Attributed To Noncontrolling Interests 23.4 40.0 Net Income – Omnicom Group Inc. $ 234.0 $ 633.9 Net Income Per Share – Omnicom Group Inc. Basic $ 1.08 $ 2.86 Diluted $ 1.08 $ 2.85 Weighted average shares (in millions) Basic 215.8 221.4 Diluted 216.5 222.5 Dividends Declared Per Common Share $ 1.30 $ 1.30 (a) During the second quarter of 2020, we recorded expenses for certain repositioning actions related to the realignment of our businesses in reaction to the COVID-19 pandemic and recorded a net loss on the disposition of certain subsidiaries. The net impact of these items decreased Operating Profit by $277.9 million, Net Income – Omnicom Group Inc. by $223.1 million and Diluted Net Income Per Share – Omnicom Group Inc. $1.03 per share for the six months ended June 30, 2020. Additional information regarding the net gain and repositioning actions are presented in the tables below. Omnicom Group Inc. Detail of Operating Expenses Three Months Ended June 30 (Unaudited) 2020 2019 Operating Expenses: Salary and service costs Salary and related service costs $ 1,424.7 $ 1,660.2 Third-party service costs 606.4 1,005.0 Occupancy and other costs 290.0 315.4 Repositioning costs and net loss on dispositions 277.9 — Costs of services 2,599.0 2,980.6 Selling, general and administrative expenses 82.1 107.7 Depreciation and amortization 57.1 57.8 Total Operating Expenses $ 2,738.2 $ 3,146.1 Omnicom Group Inc. Detail of Operating Expenses Six Months Ended June 30 (Unaudited) 2020 2019 Operating Expenses: Salary and service costs Salary and related service costs $ 3,067.1 $ 3,326.2 Third-party service costs 1,497.3 1,906.6 Occupancy and other costs 599.6 624.7 Repositioning costs and net loss on dispositions 277.9 — Costs of services 5,441.9 5,857.5 Selling, general and administrative expenses 168.9 211.2 Depreciation and amortization 114.1 117.4 Total Operating Expenses $ 5,724.9 $ 6,186.1 Omnicom Group Inc. Impact of Second Quarter 2020 Repositioning Actions and Net Loss on Dispositions Three and Six Months Ended June 30, 2020(Unaudited)(Dollars in Millions) SeveranceActions Real EstateActions Net Loss on Dispositions Total Operating Expenses (a): Salary and service costs Salary and related costs $ — $ — $ — $ — Third party costs — — — — Occupancy and other costs — — — — Repositioning costs and net loss ondispositions 150.0 102.8 25.1 277.9 Costs of services 150.0 102.8 25.1 277.9 Selling, general and administrative expenses — — — — Depreciation and amortization — — — — Operating Expenses $ 150.0 $ 102.8 $ 25.1 $ 277.9 (a) The above table identifies the pre-tax impact of recorded expenses for certain repositioning actions related to the realignment of our businesses in reaction to the COVID-19 pandemic and a net loss on the disposition of certain subsidiaries during the second quarter of 2020 on the components of our operating expenses for the three and six months ended June 30, 2020. The expenses included incremental severance charges, right-of-use asset impairments and other real estate costs and a net loss on the disposition of certain subsidiaries and other charges. Omnicom Group Inc. Non-GAAP Financial Measures – Adjusted for the Impact of Second Quarter 2020Repositioning Actions and Net Loss on Dispositions Three Months Ended June 30, 2020(Unaudited)(Dollars in Millions, Except Per Share Data) 2020 (a) Non-GAAP Adjustments Non-GAAP 2020 Adjusted Operating Profit $ 62.5 $ 277.9 $ 340.4 Net Interest Expense 47.2 — 47.2 Income Tax Expense 21.9 54.8 76.7 Income (Loss) From Equity Method Investments (7.8) — (7.8) Net Income (Loss) Attributed To Noncontrolling Interests 9.8 — 9.8 Net Income (Loss) – Omnicom Group Inc. $ (24.2) $ 223.1 $ 198.9 Diluted Net Income (Loss) Per Share – Omnicom Group Inc. $ (0.11) $ 1.03 $ 0.92 Diluted weighted average shares (in millions) 215.4 215.4 215.4 The above table presents the U.S. GAAP financial measures of Operating Profit, Income Tax Expense, Net Income (Loss) – Omnicom Group Inc. and Diluted Net Income (Loss) Per Share – Omnicom Group Inc., as well as the impact certain repositioning actions and of the net loss recognized on dispositions of certain subsidiaries which were recorded in the second quarter of 2020, for the three months ended June 30, 2020. The amounts presented in the column “Non-GAAP 2020 Adjusted” excludes these items from our results for the period presented, which are non-GAAP operating performance measures. We believe that the amounts excluding the impact of these items are useful measures for investors to understand the impact these items had on our reported results. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies. (a) During the second quarter of 2020, we recorded expenses for certain repositioning actions related to the realignment of our businesses in reaction to the COVID-19 pandemic and recorded a net loss on the disposition of certain subsidiaries. The net impact of these items decreased Operating Profit by $277.9 million, Net Income – Omnicom Group Inc. by $223.1 million and Diluted Net Income Per Share – Omnicom Group Inc. $1.03 per share for the three months ended June 30, 2020. Omnicom Group Inc. Non-GAAP Financial Measures – Adjusted for the Impact of Second Quarter 2020Repositioning Actions and Net Loss on Dispositions Three Months Ended June 30 (Unaudited) (Dollars in Millions, Except Per Share Data) 2020 (a) Non-GAAP 2020 Adjusted 2019 Operating Profit $ 62.5 $ 340.4 $ 573.7 Net Interest Expense 47.2 47.2 50.2 Income Tax Expense 21.9 76.7 130.6 Income (Loss) From Equity Method Investments (7.8) (7.8) 1.2 Net Income (Loss) Attributed To NoncontrollingInterests 9.8 9.8 23.4 Net Income (Loss) – Omnicom Group Inc. $ (24.2) $ 198.9 $ 370.7 Diluted Net Income (Loss) Per Share – Omnicom Group Inc. $ (0.11) $ 0.92 $ 1.68 Diluted weighted average shares (in millions) 215.4 215.4 220.9 The above table identifies the U.S. GAAP financial measures of Operating Profit, Income Tax Expense, Net Income (Loss) – Omnicom Group Inc. and Diluted Net Income (Loss) Per Share – Omnicom Group Inc., as well as the non-GAAP amounts excluding the impact of certain repositioning actions and the net loss recognized on dispositions of certain subsidiaries in the column entitled “Non-GAAP 2020 Adjusted” for the three months ended June 30, 2020. We believe that the amounts presented in the “Non-GAAP 2020 Adjusted” column are useful measures for investors to understand the impact these items had on our reported results. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies. (a) During the second quarter of 2020, we recorded expenses for certain repositioning actions related to the realignment of our businesses in reaction to the COVID-19 pandemic and recorded a net loss on the disposition of certain subsidiaries. The net impact of these items decreased Operating Profit by $277.9 million, Net Income – Omnicom Group Inc. by $223.1 million and Diluted Net Income Per Share – Omnicom Group Inc. $1.03 per share for the three months ended June 30, 2020. Omnicom Group Inc. Non-GAAP Financial Measures – Adjusted for the Impact of Second Quarter 2020Repositioning Actions and Net Loss on Dispositions Six Months Ended June 30, 2020 (Unaudited) (Dollars in Millions, Except Per Share Data) 2020 (a) Non-GAAP Adjustments Non-GAAP 2020 Adjusted Operating Profit $ 482.7 $ 277.9 $ 760.6 Net Interest Expense 93.0 — 93.0 Income Tax Expense 119.3 54.8 174.1 Income (Loss) From Equity Method Investments (13.0) — (13.0) Net Income Attributed To Noncontrolling Interests 23.4 — 23.4 Net Income – Omnicom Group Inc. $ 234.0 $ 223.1 $ 457.1 Diluted Net Income Per Share – Omnicom Group Inc. $ 1.08 $ 1.03 $ 2.11 Diluted weighted average shares (in millions) 216.5 216.5 216.5 The above table presents the U.S. GAAP financial measures of Operating Profit, Income Tax Expense, Net Income – Omnicom Group Inc. and Diluted Net Income Per Share – Omnicom Group Inc., as well as the impact certain repositioning actions and of the net loss recognized on dispositions of certain subsidiaries which were recorded in the second quarter of 2020, for the six months ended June 30, 2020. The amounts presented in the column “Non-GAAP 2020 Adjusted” excludes these items from our results for the period presented, which are non-GAAP operating performance measures. We believe that the amounts excluding the impact of these items are useful measures for investors to understand the impact these items had on our reported results. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies. (a) During the second quarter of 2020, we recorded expenses for certain repositioning actions related to the realignment of our businesses in reaction to the COVID-19 pandemic and recorded a net loss on the disposition of certain subsidiaries. The net impact of these items decreased Operating Profit by $277.9 million, Net Income – Omnicom Group Inc. by $223.1 million and Diluted Net Income Per Share – Omnicom Group Inc. $1.03 per share for the six months ended June 30, 2020. Omnicom Group Inc. Non-GAAP Financial Measures – Adjusted for the Impact of Second Quarter 2020Repositioning Actions and Net Loss on Dispositions Six Months Ended June 30 (Unaudited)(Dollars in Millions, Except Per Share Data) 2020 (a) Non-GAAP 2020 Adjusted 2019 Operating Profit $ 482.7 $ 760.6 $ 1,002.6 Net Interest Expense 93.0 93.0 96.2 Income Tax Expense 119.3 174.1 233.2 Income (Loss) From Equity Method Investments (13.0) (13.0) 0.7 Net Income Attributed To Noncontrolling Interests 23.4 23.4 40.0 Net Income – Omnicom Group Inc. $ 234.0 $ 457.1 $ 633.9 Diluted Net Income Per Share – Omnicom Group Inc. $ 1.08 $ 2.11 $ 2.85 Diluted weighted average shares (in millions) 216.5 216.5 222.5 The above table identifies the U.S. GAAP financial measures of Operating Profit, Income Tax Expense, Net Income – Omnicom Group Inc. and Diluted Net Income Per Share – Omnicom Group Inc., as well as the non-GAAP amounts excluding the impact of certain repositioning actions and the net loss recognized on dispositions of certain subsidiaries in the column entitled “Non-GAAP 2020 Adjusted” for the six months ended June 30, 2020. We believe that the amounts presented in the “Non-GAAP 2020 Adjusted” column are useful measures for investors to understand the impact these items had on our reported results. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies. (a) During the second quarter of 2020, we recorded expenses for certain repositioning actions related to the realignment of our businesses in reaction to the COVID-19 pandemic and recorded a net loss on the disposition of certain subsidiaries. The net impact of these items decreased Operating Profit by $277.9 million, Net Income – Omnicom Group Inc. by $223.1 million and Diluted Net Income Per Share – Omnicom Group Inc. $1.03 per share for the six months ended June 30, 2020. Omnicom Group Inc. Reconciliation of Non-GAAP Financial Measures – 2020 Adjusted Operating Profit Three Months Ended June 30(Unaudited) (Dollars in Millions) 2020 2019 Operating Profit $ 62.5 $ 573.7 Net loss on dispositions of subsidiaries 25.1 — Realignment actions 252.8 — Operating Profit, Non-GAAP 2020 Adjusted $ 340.4 $ 573.7 Revenue $ 2,800.7 $ 3,719.8 Operating Profit, Non-GAAP 2020 Adjusted $ 340.4 $ 573.7 Operating Margin, Non-GAAP 2020 Adjusted 12.2 % 15.4 % The above table reconciles the U.S. GAAP financial measures of Operating Profit and Operating Margin to the non-GAAP financial measures of Operating Profit, Non-GAAP 2020 Adjusted and Operating Margin, Non-GAAP 2020 Adjusted, which exclude the impact of expenses recorded in connection with certain repositioning actions and the net loss recognized on dispositions of certain subsidiaries, which were recorded in the second quarter of 2020, for the three months ended June 30, 2020. We believe that the amounts excluding the impact of these items are useful measures for investors to understand the impact these actions had on our reported results. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies. Omnicom Group Inc. Reconciliation of Non-GAAP Financial Measures – 2020 Adjusted Operating Profit Six Months Ended June 30(Unaudited) (Dollars in Millions) 2020 2019 Operating Profit $ 482.7 $ 1,002.6 Net loss on dispositions of subsidiaries 25.1 — Realignment actions 252.8 — Operating Profit, Non-GAAP 2020 Adjusted $ 760.6 $ 1,002.6 Revenue $ 6,207.6 $ 7,188.7 Operating Profit, Non-GAAP 2020 Adjusted $ 760.6 $ 1,002.6 Operating Margin, Non-GAAP 2020 Adjusted 12.3 % 13.9 % The above table reconciles the U.S. GAAP financial measures of Operating Profit and Operating Margin to the non-GAAP financial measures of Operating Profit, Non-GAAP 2020 Adjusted and Operating Margin, Non-GAAP 2020 Adjusted, which exclude the impact of expenses recorded in connection with certain repositioning actions and the net loss recognized on dispositions of certain subsidiaries, which were recorded in the second quarter of 2020, for the six months ended June 30, 2020. We believe that the amounts excluding the impact of these items are useful measures for investors to understand the impact these actions had on our reported results. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies. Omnicom Group Inc. Reconciliation of Non-GAAP Financial Measures – 2020 Adjusted Net Income – Omnicom Group Inc. Three and Six Months Ended June 30, 2020(Unaudited)(Dollars in Millions) Three MonthsEnded June 30, 2020 Six MonthsEnded June 30,2020 Net Income (Loss) – Omnicom Group Inc., as reported $ (24.2) $ 234.0 Repositioning actions – Incremental Severance and other items,before income tax expense 150.0 150.0 Repositioning actions – Right-of-use asset impairments andother real estate costs, before income tax expense 102.8 102.8 Net loss on dispositions, before income tax expense 25.1 25.1 Income tax benefit on repositioning actions and loss ondispositions (54.8) (54.8) Net Income – Omnicom Group Inc., Non-GAAP 2020 Adjusted $ 198.9 $ 457.1 The above table reconciles the U.S. GAAP financial measure of Net Income (Loss) – Omnicom Group Inc. to the non-GAAP financial measure of Net Income – Omnicom Group Inc., Non-GAAP 2020 Adjusted, which adjusts for the impact of the certain repositioning actions and the net loss recognized on dispositions of certain subsidiaries for the three and six months ended June 30, 2020. We believe the amounts adjusted for the impact of these items are useful measures for investors to understand the impact these actions had on the comparability of our reported results. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information presented in compliance with U.S. GAAP. Non-GAAP financial measures reported by us may not be comparable to similarly titled amounts reported by other companies. View original content:https://www.prnewswire.com/news-releases/omnicom-group-reports-second-quarter-and-year-to-date-2020-results-301100757.html SOURCE Omnicom Group Inc.
Omnicom’s Credera Broadens Geographic Reach with the Acquisition of London-Based DMW Group Posted on July 27, 2020December 10, 2020 by Revanth Ravish DALLAS, July 27, 2020 /PRNewswire/ — Credera, a consulting firm focused on strategy, transformation, data, and technology, today announced it has acquired a majority stake in London-based DMW Group to expand its consulting and digital transformation capabilities into Europe. Credera is part of Omnicom Precision Marketing Group, the digital and customer relationship management specialist practice area within Omnicom Group Inc. (NYSE: OMC). DMW is a leading independent technology consultancy, specializing in the design, delivery, and implementation of data and digital transformation programs. Its people-first and outcome-focused approach drives success for some of the world’s biggest brands, including Burberry, Google, and Lloyds of London, as well as for several U.K. government agencies. DMW’s management team, led by CEO Chris Dean, will continue in their current roles. “DMW’s capabilities in managing and executing integral projects for C-suite leaders extend the depth and breadth of our data, digital transformation, and technology capabilities into Europe,” said Justin Bell, President and Chief Executive Officer, Credera. “I want to welcome Chris and the entire team at DMW to the Credera and Omnicom family.” “We immediately saw the cultural and strategic alignment with the Credera team, along with the extensive global client relationships and services of the Omnicom network, as great opportunities for our people and our clients,” said DMW’s Chris Dean. “Credera and DMW are well matched in that we both genuinely care about achieving great outcomes for our clients with a hands-on style based on respect, integrity and professionalism.” “DMW adds outstanding strategic advisory and program leadership skills to our organization in Europe,” said Luke Taylor, Chief Executive Officer of Omnicom Precision Marketing Group. “The cultural fit and complementary skillsets of Credera and DMW will meet our global clients’ need for services at the intersection of business strategy, technology and transformation.” DMW is headquartered in London and has been recognized by Great Place to Work Institute as one of the best places to work in the UK for the past five consecutive years. ABOUT DMW GROUP DMW Group (DMWGroup.co.uk) is an independent technology consultancy headquartered in London with offices in Leeds and Manchester. We help our clients to deliver large-scale organizational and technology change initiatives. Our services include advisory, delivery management and engineering across Financial Services, Public Sector and Energy and Commercial sectors. We partner with our clients in solving complex problems and our pragmatic style together with our outcome-centric approach mean that we make a significant difference to our clients’ success, helping them to realise business benefits more quickly. ABOUT CREDERACredera (credera.com) is a consulting firm focused on strategy, transformation, data and technology. As a part of Omnicom Precision Marketing Group, our more than 400 consultants across the globe partner together with clients ranging from Fortune 500 companies to emerging industry leaders from strategy to execution to create tangible business results. Credera’s deep business acumen and technical expertise, combined with a deep dedication to building trusted relationships, unlocks extraordinary business performance for our clients. Our mission is to make an extraordinary impact for our clients, people, and communities. ABOUT OMNICOM PRECISION MARKETING GROUPOmnicom Precision Marketing Group aligns Omnicom’s global digital, data and CRM capabilities to deliver precisely targeted and meaningful customer experiences at scale. Using its universal framework of connected data, connected intelligence and connected experiences, OPMG provides services that include data-driven product / service design, adTech / marTech strategy and implementation, CRM / loyalty strategy and activation, econometric and attribution modeling and digital experience design and development. At the core of delivering these services is Omni, an advanced technology platform that combines a powerful cultural insights engine with massively scaled data insights from first-, second- and third-party sources, including several proprietary Omnicom data partnerships. ABOUT OMNICOM GROUPOmnicom Group (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 70 countries. SOURCE Omnicom Precision Marketing Group
Omnicom Group Schedules Second Quarter and Year-to-Date 2020 Earnings Release and Conference Call Posted on July 23, 2020December 10, 2020 by Revanth Ravish NEW YORK, July 23, 2020 — Omnicom Group Inc. (NYSE: OMC) will publish its second quarter and year-to-date 2020 results on Tuesday, July 28, 2020 before the New York Stock Exchange opens. The company will then host a conference call to review the financial results on Tuesday, July 28, 2020 starting at 8:30 a.m. EDT. Participants may listen to the conference call by dialing (844) 721-7239 (domestic) or (409) 207-6953 (international), along with access code 5962009. The conference call will be simulcast and archived on our website at investor.omnicomgroup.com. About Omnicom Group Inc.Omnicom Group (www.omnicomgroup.com) is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 70 countries. Follow us on Twitter for the latest news.
DDB Worldwide Announces Leadership Appointments Posted on July 10, 2020December 10, 2020 by Revanth Ravish Marty O’Halloran Promoted to Global Chief Executive Officer of DDB WorldwideJustin Thomas-Copeland Named Chief Executive Officer of DDB North America NEW YORK, July 22, 2020 /PRNewswire/ — DDB Worldwide today announced key leadership appointments, promoting Marty O’Halloran to Global Chief Executive Officer and naming Justin Thomas-Copeland as Chief Executive Officer of the network’s North America region. O’Halloran most recently served as Chairman and CEO of DDB Group across Australia and New Zealand, a position he has held since 2005. DDB Australia/New Zealand currently holds 5 Agency of the Year titles and consistently ranks as one of the top creative, direct marketing and effectiveness agencies in the world. In his new role, O’Halloran will oversee operations across the global network. Thomas-Copeland joins from OPMG Health, an Omnicom Precision Marketing Group network, where he served as Global CEO. Widely regarded as a disruptive leader in data and analytics with a passion for creativity, Thomas-Copeland is a modern marketer who connects creative ideas with data and customer experiences that effectively drive outcomes for our clients “Marty has a remarkable track record and a relentless focus on adding value. With his guidance and leadership, DDB has become a creative force across Australia and New Zealand,” said Chuck Brymer, Chairman of DDB Worldwide. “Marty knows that creativity is the most powerful force in business, and has a reputation for delivering long-term success for our clients.” “Justin has been a standout leader within Omnicom, using his ability to glean intelligence out of complex data to inform smart, effective creative,” added Brymer. “I’m thrilled to have Justin bring his skills and capabilities in data and his eye for creativity to lead the team in North America.” “At Omnicom, we place considerable emphasis on succession planning which is why we continually invest in our talent.” said John Wren, Chairman and CEO of Omnicom Group. “Marty and Justin are well known within Omnicom as transformative leaders with unique insight into creating successful global brand experiences. With their leadership and commitment, I am confident that DDB is well-positioned for success.” ABOUT DDBDDB Worldwide (www.ddb.com) is one of the world’s largest and most influential advertising and marketing networks. DDB has been named Agency of the Year numerous times by the Cannes International Festival of Creativity and the industry’s leading advertising publications and awards shows. The Gunn Report has listed DDB as one of the Top 3 Global Networks for 12 of the last 15 years. The agency’s clients include Volkswagen, McDonald’s, Unilever, Mars, Johnson & Johnson, and the U.S. Army, among others. Founded in 1949, DDB is part of the Omnicom Group (NYSE) and consists of more than 200 offices in over 90 countries with its flagship office in New York, NY. ABOUT OMNICOMOmnicom 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, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries. Contact:Rahel Rasu[email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/ddb-worldwide-announces-leadership-appointments-301097912.html SOURCE DDB Worldwide