IPG Appoints Julie Connors as Senior Vice President Audit and Chief Risk Officer
NEW YORK, Jan 12, 2010 (BUSINESS WIRE) -- The Interpublic Group (NYSE: IPG) announced today that Julie Connors, a Partner at Deloitte & Touche and one of the leaders of the firm's enterprise risk and internal audit practices, is joining IPG as Senior Vice President Audit and Chief Risk Officer. Ms. Connors will oversee the company's global audit and risk strategies, including corporate compliance, business continuity, crisis management and other key governance initiatives. Tom Dowling, Senior Vice President, Chief Risk Officer of IPG for the past decade, is leaving the company at the end of February. Ms. Connors will report to Frank Mergenthaler, Executive Vice President and Chief Financial Officer of Interpublic, and to the Audit Committee of the Board of Directors. Ms. Connors joins the firm on February 8th.
Julie Connors, 38, is a CPA with over 15 years of experience specializing in internal audit, enterprise-wide risk management services and Sarbanes-Oxley readiness consulting. While at Deloitte & Touche, Ms. Connors contributed to the development of the firm's advanced risk methodologies and led teams serving some of the world's largest advertising clients and marketing services companies, including working on the Interpublic account. Prior to her role at Deloitte, Ms. Connors worked as an internal auditor at R.H. Macy's & Co.
Frank Mergenthaler commented, "Tom has played a key role in bringing our company into a new era in terms of our internal audit processes as well as how we manage enterprise risk. Having been successful in driving significant change in these critical functions, the timing is right for him to seek even broader challenges." Mr. Mergenthaler continued, "Julie is a perfect choice for Interpublic as we move into the next phase of our industry-leading corporate governance practices. Julie already has a deep knowledge of our company and is a real thought leader and innovator in areas of risk management, internal audit best practices and corporate governance matters. We're very excited that Julie will be joining the IPG management team."
About Interpublic
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, McCann Erickson, Momentum, MRM Worldwide, Octagon, UM and Weber Shandwick. Leading domestic brands include Campbell-Ewald; Campbell Mithun; Carmichael Lynch; Deutsch, a Lowe & Partners Company; Hill Holliday; Mullen; The Martin Agency and R/GA. For more information, please visit www.interpublic.com..
SOURCE: The Interpublic Group
The Interpublic Group
Tom Cunningham, 212-704-1326
or
Jerry Leshne, 212-704-1439
(Analysts, Investors)