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| Michael Roth |
Interpublic CEO Michael Roth took a 2.2 percent cut in total compensation to $16.6M during 2019, according to the firm's proxy statement released April 9.
Executive VP & COO Philippe Krakowsky enjoyed a 6.2 percent boost to $8.5M.
Frank Mergenthaler, CFO and chairman of the constituency management group, saw a 5.3 percent hike in comp to $5.9M. He stepped down as CFO on Dec. 31, 2019, and retired as executive VP on March 31, 2020.
Ellen Johnson succeeded Mergenthaler as CFO. Her compensation was flat at $1.9M.
Former Weber Shandwick CEO Andy Polansky took over the CMG duties from Mergenthaler. His compensation is not listed in the proxy statement.
Interpublic has penciled in its annual meeting for the Paley Center in New York on May 21, but warns shareholders the event could become a virtual session due to the COVID pandemic.
"We are sensitive to the public health and travel concerns our stockholders may have and the protocols that federal, state, and local governments may impose in connection with the coronavirus or COVID-19 and, as such, we might hold a Virtual Annual Meeting instead of holding the meeting in New York," said IPG in its proxy.
IPG promises a decision will be made "as soon as practicable" on whether the annual shareholder session is live or virtual.
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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