New Chief Financial Officer Named at McCann-Erickson WorldGroup; Industry Veteran Arthur D'Angelo Joins; Had Been Finance Director at Cordiant Communications
NEW YORK--(BUSINESS WIRE)--Nov. 26, 2002--The Interpublic Group (NYSE: IPG) today announced that Arthur D'Angelo is joining its McCann-Erickson WorldGroup unit as Chief Financial Officer, effective January 2003.
For the past 15 years, Mr. D'Angelo has held top financial and administrative positions within the advertising and marketing services industry. Most recently, since 1997 he served as Finance Director and a member of the Board of Directors of Cordiant Communications, a global communications group that provides advertising, integrated marketing and specialist communications services to its clients. Prior to that, D'Angelo had been the Chief Financial Officer of Cordiant's Bates Worldwide advertising agency network.
"I look forward to partnering with Art, whose strengths and experience will free me to focus on McCann's professional product and its growth," said James R. Heekin, Chief Executive Officer of McCann-Erickson WorldGroup. "His hands-on style, commitment to excellence and love of the communications business will all be significant assets for our company."
Mr. Heekin added that, "In his new role, Art will have dual reporting lines. On operational matters, he will report directly to me. To ensure coordination with Interpublic, on all financial matters he will report directly to Sean Orr."
"Art has proven himself at every level within our industry," said Mr. Orr, Interpublic's Chief Financial Officer. "He understands the workings and the financial requirements of public holding companies, ad agency networks and marketing services firms. He brings tremendous professional expertise to the table, as well as great enthusiasm for getting the job done. I know he will make significant contributions to both McCann and Interpublic."
D'Angelo, 51, began his career in advertising as Tax Director at Saatchi & Saatchi Holdings USA in 1987. He rose to Chief Administrative Officer, then Chief Executive Officer, before his departure to join Bates in 1994.
D'Angelo's business career began in 1972 at Ernst & Whinney, where he was a member of the firm's professional audit staff. In 1978, he joined BP North America as Deputy Tax Director, rising to Vice President, Mergers & Acquisitions, in 1986.
About Interpublic and McCann-Erickson WorldGroup
The Interpublic Group of Companies is among the world's largest advertising and marketing organizations. Its five global operating groups are the McCann-Erickson WorldGroup, the Partnership, FCB Group, Interpublic Sports and Entertainment Group and Advanced Marketing Services. Major brands include Draft Worldwide, Foote Cone & Belding Worldwide, Golin/Harris International, NFO WorldGroup, Initiative Media, Lowe & Partners Worldwide, McCann-Erickson, Octagon, Universal McCann and Weber Shandwick.
McCann-Erickson WorldGroup is comprised of McCann-Erickson Worldwide, the world's largest advertising agency network, as well as a portfolio of specialized marketing communications companies. The other WorldGroup companies are: MRM Partners (direct/customer relationship management; on-line marketing communications through Zentropy); Momentum Worldwide (event marketing/sales promotion); FutureBrand (brand equity consulting/design) and Torre Lazur McCann Healthcare WorldWide.
|Philippe Krakowsky, 212/399-8088|
|Susan Irwin, 646/865-3004|