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| John Wren |
Omnicom’s PR unit suffered a 4.9 percent drop in Q1 revenues to $317.5M. It posted 3.5 percent in negative organic growth.
The FleishmanHillard, Portland, Mercury, Cone, Marina Maher Communications, and Ketchum operation generated 9.3 percent of Omnicom’s $3.4B revenues.
Omnicom CEO John Wren blamed the ongoing COVID-19 crisis for the ad/PR giant’s 1.8 percent negative organic growth.
Noting that the effects of the pandemic appear to be moderating in several of Omnicom’s markets, Wren anticipates positive revenue growth beginning in Q2 and for the full year.
Omnicom reported a 10.8 percent boost in Q1 profit to $465.4M on a 0.6 percent rise in revenues.
Jenn Kettnich, who has more than 15 years of financial communications experience, has joined Liftoff Mobile as VP-investor relations following completion of its recent IPO.
Joele Frank handles Crinetics Pharmaceuticals as the specialist for treatments for endocrine diseases agrees to get acquired by Vertex Pharmaceuticals in a deal pegged at $8.8B.
Teneo represents Honeywell spin-off Solstice Advanced Materials as it buys Collected Strategies client Element Solutions in a deal pegged at $14.5B.
Dallas-based Throughline Global Advisors advised Principal Mineral as it acquired Isola Group, maker of copper-clad laminates used in printed circuit boards.
oele Frank works for satellite operator Iridium Communications as it gets acquired by space company Rocket Lab in a deal worth $8B.
