Omnicom CEO John Wren received a 33 percent hike in total compensation to $24M during the past year, according to the ad/PR conglom's proxy statement.
His $1M salary was fortified by a $12.6M cash payment under OMCs on-equity incentive compensation scheme. That amount rose 23.5 percent from the 2013 level.
OMC's board rewarded Wren for driving "solid financial growth," expanding client relationships and for his "direct leadership role with many of the company's largest global clients."
Philip Angelastro, who succeeded Randy Weisenburger as CFO in September, enjoyed a 108.3 percent surge in total comp to $5M. Base salary jumped to $850K from $425M.
Weisenburger closed the books on OMC, earning total comp of $1.1M vs. $11.9M in 2013.
Omnicom CEO John Wren reports Q1 revenues jumped 5.4 percent to $3.6M, powered by a solid 7.0 percent rise in its advertising & media segment.
Public Policy Holding Company registered 24.1 percent growth to a record $135M during the past year, which included the results of the March 1 acquisition of Multistate Assocs.
Stagwell CEO Mark Penn reported Q4 net revenues dipped 5.6 percent to $551.1M during a “challenging year for marketing services and digital transformation.”
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WPP reported Q4 revenues inched ahead 0.3 percent to $4.1B as CEO Mark Read wrapped up a year that he said was more challenging than expected due to cutbacks, mainly by technology clients.
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