Publicis Groupe has announced that Arthur Sadoun, head of Publicis Communications, will replace Maurice Levy as chairman and chief executive of Publicis Groupe on 1 June.
Levy, who has served as CEO of Paris-based holding company for 30 years, will now take on the role of chairman of the supervisory board.
Sadoun’s appointment marks the end of an era for Publicis Groupe. Under Levy’s leadership, Publicis Groupe – whose agencies include Saatchi & Saatchi, BBH, Fallon, Starcom and SapientRazorfish - has transformed into an advertising powerhouse.
In a statement, chair of Publicis Groupe’s supervisory board and president of the nominating committee Elisabeth Badinter said that the company’s headcount has gone from 3,000 to 80,000 since Levy took the top role, and that its revenue has multiplied by “nearly 50.”
"I would like to warmly thank him and tell him how much the Supervisory Board and myself are grateful to him," she said.
Sadoun has served as head of Publicis Communications since 2015, when the company restructured to better align itself with the interests of today’s marketers.
“First of all, I’d like to warmly congratulate Arthur,” Levy said in a statement. “I am extremely happy with this choice, which is the most appropriate and judicious for the future of our Groupe, and congratulate Arthur warmly. It’s not just any choice, it’s a measured and well thought out choice that opens new doors for the future of our amazing Groupe."
"I have known Arthur for many years," he continued. "We have worked very closely together. He is a seasoned professional with an inspiring vision of our industry and of our clients’ needs. He knows them well, he understands them well and he knows how to deliver the solutions and services they need to grow, develop and transform by selecting the best talent. He has the intelligence, the energy and the passion necessary to master our trade in a connected world that is changing and evolving constantly.”