NEW YORK--(BUSINESS WIRE)--Oct. 25, 2007--The Interpublic Group (NYSE: IPG) announced today that it has elected Mary Guilfoile, 53, to its Board of Directors. Ms. Guilfoile, currently Chairman of MG Advisors, Inc., will join the board immediately and will serve on the audit committee.
"Mary has a tremendous breadth of knowledge concerning every aspect of a company's operations," said Michael I. Roth, Chairman and CEO, Interpublic. "Not only has she been extremely successful in the field of financial services, she got her start in high value professional services. Mary also gives of her time to a great academic institution. We look forward to her contributions as she brings this wealth of experience to our Board of Directors."
MG Advisors is a privately owned financial services merger and acquisitions advisory and consulting firm. Prior to joining MG Advisors in 2002, Ms. Guilfoile was Executive Vice President and Chief Administrative Officer at JPMorgan Chase. Her responsibilities encompassed administrative operations, strategic planning, marketing communications and special projects for the Investment Bank group. She also served as Corporate Treasurer at JPMorgan. In that capacity, she oversaw the corporate treasury and planning groups, as well as M&A and pension plan operations. Before her tenure at JPMorgan Chase, Ms. Guilfoile was Partner, CFO and COO of the Beacon Group, a private equity, strategic advisory and wealth management partnership, from 1996 through 2000.
For ten years before joining the Beacon Group, Ms. Guilfoile held a number of positions at Chemical Banking Corporation, ultimately serving as Chief Administrative and Strategic Planning Officer/Managing Director. Her responsibilities included administrative oversight, compliance, financial control and risk management for all of the domestic commercial and investment banking activities in the corporate, real estate and international merchant banking sectors.
Ms. Guilfoile spent several years early in her career with Coopers & Lybrand, now PriceWaterhouseCoopers, and Booz Allen & Hamilton, the strategic consulting firm based in New York. She holds an M.B.A., Marketing and Finance from Columbia University and a B.S., Accounting from Boston College. She is a Certified Public Accountant and is a Member of the Board of Directors of Valley National Bancorp. She is also Chairman of the Anti-Money Laundering/BSA Compliance Committee and a member of the Investment, Wealth Management and Insurance Services, Insurance Pension/Savings and Investment Trustees and Rick Management Committees. She is also a Member of the Board of Trustees of Boston College where she sits on the Finance and Audit Committee.
Interpublic is one of the world's leading organizations of advertising agencies and marketing services companies. Major global brands include Draftfcb, FutureBrand, GolinHarris International, Initiative, Jack Morton Worldwide, Lowe Worldwide, MAGNA Global, McCann Erickson, Momentum, MRM Worldwide, Octagon, Universal McCann and Weber Shandwick. Leading domestic brands include Campbell-Ewald, Carmichael Lynch, Deutsch, Hill Holliday, Mullen, The Martin Agency and R/GA. For more information, please visit www.interpublic.com.
Philippe Krakowsky, 212-704-1328
Jerry Leshne, 212-704-1439
SOURCE: The Interpublic Group