Omnicom Group CEO John Wren collected $18.1 in 2013 total compensation, showing a healthy 21.7 percent rise during the period in which the ad/PR conglom posted flat revenues and net incomes of $14.6B and $1.1B, respectively.
Wren, who earns a $1M salary, registered a 19.8 rise to $10.1M in cash payments under OMC’s non-equity incentive plan bonus scheme.
Gary Roubos, the 77-year-old former CEO of industrial Dover Corp., chairs OMC’s compensation committee of the board.
According to OMC’s proxy statement, the committee rewarded Wren for driving “solid financial growth” during the past year.
The CEO "developed the company’s acquisition strategy and identified and invested in high-performing businesses, including those in rapidly growing markets; these initiatives will enable the company to meet the future marketing requirements of its global clients more effectively,” said the proxy.
Roubos has been an OMC director since 1986.
Wren’s partner, CFO Randy Weisenburger, enjoyed a 13.1 percent hike in total comp to $11.9M. His cash bonus rose 10.8 percent to $6.5M.
The “merger of equals” between OMC and Publicis Groupe is still undergoing governmental reviews.
Omnicom's PR units include FleishmanHillard, Ketchum and Porter Novelli, among others.