Interpublic Elects William Kerr to Board of Directors
NEW YORK--(BUSINESS WIRE)--Oct. 26, 2006--The Interpublic Group (NYSE: IPG) announced today that it has elected William T. Kerr, 65, to its Board of Directors. Mr. Kerr, currently Chairman of the Meredith Corporation, will join the board immediately.
"Bill Kerr is a terrific addition to our board," said Michael I. Roth, Interpublic's Chairman and CEO. "During the course of his career, Bill has successfully led a broad range of organizations. Now, more than ever, media is a key component of the marketing programs we develop for our clients. Bill's deep understanding of the dynamic media landscape will bring important perspective to our Board as we chart the future direction for Interpublic."
From 1998 until earlier this year, Kerr served as Chairman and Chief Executive Officer of Meredith, one of the nation's leading media and marketing companies, with businesses centering on magazine and book publishing, television broadcasting, integrated marketing and interactive media. Prior to this, Kerr was President and Chief Operating Officer, a post he was named to in 1994. In this role, he was responsible for overseeing the day-to-day business of the company's operating groups. He has also been a member of the Meredith Board of Directors since 1998.
Before joining the Meredith Corporation in 1991, Kerr was a Vice President of The New York Times Company and President of its magazine group, a position he held since 1984. He also served as the head of strategic planning and corporate development at The New York Times and as President of its Books and Information Group. Previously, Kerr held senior posts with Dillon, Read & Co., and McKinsey and Company, where he specialized in financial institutions and media companies.
Kerr is a member of the board of the Principal Financial Group and the Whirlpool Corporation. He is immediate-past Chairman of The International Federation of the Periodical Press, and serves on the board of The Business Committee for the Arts. He is also a Trustee of Oxford University Press (USA) and serves on the board of Harvard Business School Publishing. Kerr is a past Chairman and an advisory board member of the Magazine Publishers of America and in 2004 was awarded the organization's Henry Johnson Fisher award in recognition of his lifetime achievements and service to the magazine industry.
Interpublic is one of the world's leading organizations of advertising agencies and marketing services companies. Major global brands include Draft FCB, FutureBrand, GolinHarris International, Initiative, Jack Morton Worldwide, Lowe Worldwide, MAGNA Global, McCann Erickson, Momentum, MRM, Octagon, Universal McCann and Weber Shandwick. Leading domestic brands include Campbell-Ewald, Carmichael Lynch, Deutsch, Hill Holliday, Mullen and The Martin Agency.
CONTACT: Interpublic Group Philippe Krakowsky, 212-704-1328 or Analysts, Investors: Jerry Leshne, 212-704-1439 SOURCE: Interpublic Group