Omnicom Group Inc 8-K, filed Nov 1, 2021
Omnicom Group Inc. (OMC)
About this 8-K
Omnicom Group Inc filed this 8-K on November 1, 2021, reporting on events of October 29, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 29, 2021, the Board of Directors of Omnicom Group Inc. (the “Company”) appointed Daryl Simm as President and Chief Operating Officer of the Company, effective November 1, 2021.
Mr. Simm, age 60, previously served as Chief Executive Officer of Omnicom Media Group (OMG) for more than two decades, having joined the Company in 1998. Before joining Omnicom, Mr. Simm started his career at Procter & Gamble, where he was General Manager of P&G Productions and VP of Worldwide Media.
Item 7.01. Regulation FD Disclosure.
A copy of the press release issued by the Company on November 1, 2021 announcing the new role for Mr. Simm and another management change is furnished as Exhibit 99.1 hereto and is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
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104 |
The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Omnicom Group Inc. | |||
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Date: November 1, 2021 | |||
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/s/ Michael J. O’Brien | ||
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Michael J. O’Brien | ||
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Executive Vice President, General Counsel and Secretary | ||
Exhibit 99.1
Omnicom Group Announces Two Top Executive Changes
Daryl Simm Elevated to President and COO, Omnicom Group
Florian Adamski Named CEO, Omnicom Media Group
New York, Nov. 1, 2021 — Omnicom Group Inc. (NYSE: OMC) today announced two important senior management changes at the holding company and network level.
Effective immediately, Daryl Simm moves into the role of President and Chief Operating Officer of Omnicom Group, a newly created position.
Simm has served as Chief Executive Officer of Omnicom Media Group (OMG) for more than two decades, having joined Omnicom in 1998. In his new role at the holding company, Simm will work directly with Chairman and CEO John Wren to oversee business operations across Omnicom.
“Daryl has been instrumental in developing our Media Network since its inception,” said John Wren. “He has been a driving force behind the growth of award-winning, full-service media agencies OMD, PHD and Hearts & Science, as well as many other businesses that are major contributors to Omnicom’s success.”
Wren continued, “In addition to developing our Media Network, he has played an integral role in many of our successful investments and initiatives by bringing the power of Omnicom to our most important clients, including the development of Omni, our open operating system that orchestrates better outcomes for clients. Omni is now being utilized by over 40,000 employees across Omnicom, hundreds of clients, as well as being customized by practice areas like commerce, health and PR with unique solutions. Daryl is well-respected across the company and, in partnership with our executive leadership team, has helped us develop our strategy for future growth. I am very pleased to have him in this new role at Omnicom.”
Also being announced, Florian Adamski, a digital and data native, will succeed Simm and become CEO of Omnicom Media Group. Previously, Adamski was CEO of OMD Worldwide, where he led the reorganization of talent and resources to earn back-to-back Adweek “Global Media Agency of the Year” titles in 2019 and 2020. During his tenure, OMD has grown into the world’s largest media-buying agency by revenue and was recently named the best performing global media network in the latest edition of RECMA’s Network Diagnostic Report.
“Florian provided the strategy, vision and tactics that led OMD to become today’s industry-leading, global media agency,” said Wren. “His ability to attract top talent, implement new technologies and collaborate across the group has led to major business wins and retentions that resulted in continuous business growth.”
280 Park Avenue, New York, N.Y. 10017. Tel (212) 415-3672 Fax (212) 415-3530
Wren added, “As evidenced by our recent Mercedes-Benz win, Florian’s ability to work across different geographies and cultures, as well as his unique ability to solve client challenges by bringing together the best of our service offerings across the company, makes him well-suited for this larger role at the OMG level.”
Together, Simm and Adamski demonstrate the company’s depth and breadth of talent, with both leaders being well respected within the industry, having earned very strong internal support, and deservedly gaining client endorsements from some of the world’s most iconic brands. Beyond their tenures at Omnicom, they have held leadership roles at various agencies and brands, earning them significant industry accolades. More information can be found in their biographies below.
Daryl Simm, President and Chief Operating Officer, Omnicom Group, biography
Florian Adamski, Chief Executive Officer, Omnicom Media Group, biography
About Omnicom Group Inc.
Omnicom Group Inc. (NYSE: OMC) (www.omnicomgroup.com)
is a leading global marketing and corporate communications company. Omnicom’s branded networks and numerous specialty firms provide
advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations
and other specialty communications services to over 5,000 clients in more than 70 countries. Follow us on Twitter for
the latest news.
About Omnicom Media Group
Omnicom Media Group (OMG) is the media services division of Omnicom Group Inc. (NYSE: OMC), a leading global marketing and corporate communications company, providing services to more than 5,000 clients in more than 70 countries. Omnicom Media Group includes full- service media agencies Hearts & Science, OMD and PHD; performance marketing agency Resolution; Optimum Sports Media and Marketing; and the Annalect data and analytics division that developed and manages the Omni marketing operating system underpinning all Omnicom agencies.
280 Park Avenue, New York, N.Y. 10017. Tel (212) 415-3672 Fax (212) 415-3530