Omnicom Group

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Omnicom Group, Inc.
Public
Traded as NYSE: OMC
S&P 500 Component
Industry Advertising, public relations
Founded 1986
Headquarters New York City, United States
Area served
 Global
Key people
 John D. Wren, CEO & President
Products Strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, customer relationship management (CRM)
Revenue
  • Increase US$ 14,584.5 million (2013) [1]
  • Increase US$ 14,219.4 million (2012) [1]
  • Increase US$ 1,825.3 million (2013) [1]
  • Increase US$ 1,804.2 million (2012) [1]
  • Decrease US$ 991.1 million (2013) [1]
  • Increase US$ 998.3 million (2012) [1]
Total assets
  • Decrease US$ 22,098.7 million (2013) [2]
  • Increase US$ 22,151.9 million (2012) [1]
Total equity
  • Increase US$ 4,067.9 million (2013) [2]
  • Decrease US$ 3,956.3 million (2012) [1]
Number of employees
 70,600 (2012)
Website http://www.omnicomgroup.com

Omnicom Group, Inc. is an American marketing and corporate communications holding company, headquartered in New York City. Omnicom's branded networks and specialty firms provide various services in advertising and public relations, including strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, and customer relationship management (CRM).[3]

On 28 July 2013, it was announced that Publicis Groupe and Omnicom Group would merge to form Publicis Omnicom Group.,[4] which would have been the largest marketing and advertising holding company in the world. However, on May 8, 2014, the merger was called off,[5] reportedly due to a "mix of clashing personalities, disagreements about how the companies would be integrated and complications over legal and tax issues".[6] Another factor was that China’s antitrust regulator Mofcom "had not granted the deal regulatory approval".[6]

Agency networks

Omnicom’s agency networks include BBDO, DDB Worldwide, TBWA Worldwide, Diversified Agency Services (DAS) and Omnicom Media Group (OMG). Its public relations, CRM and specialty communications agencies are managed by its DAS network and include the CRM businesses of Javelin, Proximity Worldwide, Rapp and Targetbase; the PR agency businesses Brodeur Worldwide, Fleishman-Hillard, G+ Europe, Ketchum Inc., Pleon and Porter Novelli and retail/promotional businesses such as Alcone Marketing Group. Omnicom Media Group includes OMD Worldwide, PHD Worldwide and Resolution Media. Omnicom was formed in 1986 from the merger between advertising agency networks DDB, Needham Harper Steers and BBDO.

History

Timeline

Quick facts

  • Revenue (2013): 14.585 B [12]
  • Revenue (2012): 14.219 B
  • Revenue (2011): 13.873 B
  • Revenue (2010): 12.543 B
  • Revenue (2009): 11.721 B
  • Revenue (2008): 13.359 B
  • Revenue (2007): 12.694 B
  • Revenue (2006): 11.376 B
  • Revenue (2004): 9.747 B
  • Employees (2008): 68,000
  • Chief Executive Officer is John D. Wren, its Chief Financial Officer is Philip J. Angelastro
  • Chairman of the Board is Bruce Crawford
  • Corporate headquarters on Madison Avenue in New York City
  • Previous CEOs were Allen Rosenshine (1986 to 1989) and Bruce Crawford (1989 to 1997)

Governance

The company is governed by a board of directors. Current members of the board are: Robert C. Clark, Leonard S. Coleman, Jr., Errol Cook, Bruce Crawford, Susan Denison, Michael Henning, John Murphy, John R. Purcell, Linda Rice, Gary Roubos, and John D. Wren.

In addition to the board of directors, current management officers are: Bruce Crawford, John D. Wren, Philip J. Angelastro, Serge Dumont, Dennis E. Hewitt, William Timothy Love, Peter Mead, Asit Mehra, Michael J. O'Brien, Janet Riccio, Rita E. Rodriguez and Tiffany R. Warren

Controversies

Lobbying for the Russian government

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Further information: Russia in the European energy sector

Omnicom Group's subsidiary Ketchum Inc and its subsidiary GPlus Europe are among the PR agencies used by the Russian government.[13] The Russian government reportedly spends millions on its lobbying efforts. GPlus specializes in recruiting former EU officials and eminent journalists. Gregor Kreuzhuber, who leads the company's pro-Gazprom operations, was previously European Commission industry spokesman. Peter Witt is a retired German deputy ambassador to the EU who was hired by the company. Angus Roxburgh, another GPlus worker, covered the war in Chechnya for the BBC.[14]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ 2.0 2.1 Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ [1]
  4. ↑ "Leo Burnett parent in huge ad merger deal", Chicago Tribune, 28 July 2013
  5. ↑ "Advertising giants Omnicom, Publicis call off $35-billion merger", Globe and Mail, 8 May 2014
  6. ↑ 6.0 6.1 Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ 7.0 7.1 7.2 7.3 Mark Tungate. Adland: a global history of advertising. London, Kogan Page Publisher, 2007. ISBN 978-0-7494-4837-0.
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Morningstar.com
  13. ↑ "Russia's Hired Lobbies in the West", Eurasia Daily Monitor Volume: 6 Issue: 148. August 3, 2009
  14. ↑ Russia hones new image among EU elite. Euobserver 09.02.2009

External links

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