 |
| John Wren |
Omnicom CEO John Wren, who hasn’t had a salary hike in 19 years, earned $20M in 2021 total compensation, which was up 79.3 percent from the year-earlier period.
Along with other top executives, Wren did not take a salary from April 1 through September 2020 as part of the response to the COVID-19 crisis.
The 69-year-old chief collected $1M in salary, $8.1M in stock awards and a $10.6M cash award as part of the firm’s bonus scheme during the past year.
Wren’s employment agreement runs through 2024 and “is subject to annual automatic renew for successive one-year terms unless either party provides timely written notice of an intent not to renew,” according to the company’s proxy for the May 3 annual meeting in Charlotte.
If Wren steps down as CEO, he will continue as executive chairman, while he serves on the board of directors.
Phillip Angelastro, executive VP/CFO, finished second in the compensation race. His total comp jumped 139 percent to $9.8M.
Daryl Simm, the former media group chief who stepped into the newly created president and COO post on Nov. 1, debuted on the list of OMC’s top five highest-paid executives.
He earned a salary of $975K and total comp of $8.8M.
WPP chief Cindy Rose is cutting up to 1,000 jobs by the end of the year, adding to the 11K jobs lost since the start of 2025, according to a report in the Financial Times.
WPP CEO Cindy Rose declares her stabilization plan is "firmly on track" as the company reports a 4.7 percent dip in 1H revenues.
FTI Consulting reported a 2.6 percent drop in Q2 strategic communications revenues to $100M, a shortfall largely due to a $7.4M decline in pass-through revenues.
Omnicom CEO John Wren reported a 7.2 percent rise in Q2 “core operations” to $6B and a 6.1 percent spurt on an organic basis.
Publicis Groupe’s H1 net revenues inched ahead by 1.1 percent to $8.3B. Organic growth hit the 4.7 percent mark.
