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John Wren calls the headwinds caused by Omnicom-IPG merger ‘substantially done’ ahead of Q3 earnings call

Business - Latest - Google News·5 days ago
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Omnicom CEO John Wren, who can often be elusive to the press, had a reason to talk while sipping his morning smoothie.

Wren told Campaign he was eager to tell the industry that the company’s string of post-merger consequences are “substantially done,” and “the new Omnicom has arrived and is operating.” The company also had favorable numbers this quarter, posting 7.2% organic revenue growth in Q3, up from 6.1% in Q2.

“I think we [traditionally] just did the [earnings] conference call, but most of that presentation at the end of the day is toward the financial,” he said. “It doesn’t really spend enough time speaking about what we have to offer our clients and some of the things that we’re experiencing.”

Since closing its acquisition of IPG for $9 billion last November , the company has faced steady contempt through mass layoffs , agency closures and the loss of its PepsiCo account to Publicis without a pitch. The challenges have been offset by some account wins, mainly on the media side.…

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