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| 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.
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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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Mar. 31, 2022, by Joe Honick
As usual, after the broadest possible yawn, THEREFORE what?