By Kevin McCauley
Publicis Groupe shareholders today approved raising the age limit for members of its management board to 75 from 70, a move that enables its 69-year-old CEO, Maurice Levy, to continue service beyond the Dec. 31 expiration of his current term.
Levy |
It noted that Levy will continue to lead it through the transformation of the communications market through the digital age and expansion into emerging markets.
He will also have more time to plan for an orderly succession at the French ad/PR conglom.
Levy said Publicis is enjoying strong growth this year and its “robust financial situation enables us to look to the future with serenity.”
In 2007, Publicis raised the mandatory retirement age to 70 from 65 to accommodate Levy.
|