Advertisements
 

Will Jean-Yves Naouri be the next ceo of Publicis Groupe?

It looks as if Maurice Lévy, chairman and chief executive of Publicis Groupe, is finalising plans for his succession – which must be in place before 2012. Senior group executives are putting their money on Jean-Yves Naouri as the new ceo.

Currently, Naouri is associate managing director of group operations, and was also placed in charge of Publicis Healthcare (PHCG) after the departure of John Farrell in mid-2008. He’s one of five who sit on the group executive board, the others being David Kenny, ceo of Digitas, Kevin Roberts, ceo of Saatchi & Saatchi Worldwide, Jack Klues, chairman of Publicis Groupe Media, and of course Lévy himself.

Naouri, about 50, is a typical product of the fast-track French grande école system. A graduate of the Polytechnique, he began his career as a nuclear physicist. The important point to note, however, was his secondment to Dominique Strauss-Kahn, when he was minister of industry and international trade – a connection which will have put Naouri at the heart of the French politico-economic web. As a political insider he was of course invaluable to Publicis, which he joined in 1993 as the head of a newly minted corporate communications and ‘sensitive issues’ subsidiary (Publicis Consultants). He was elected to the Publicis executive board at the same time as Kenny, and was presumably given the same four-year contract. Klues, Roberts and Lévy renewed their own contracts at the same time: early 2008.

All of this may shed some light on persistent rumours swirling around the upper echelons of the Publicis empire. Roberts, for example, is said to be quitting at the end of this year – which makes sense if the French ‘insider’ has indeed won out. Kenny is being linked with General Catalyst, a Boston-based private equity company, and Klues is also rumoured to be eyeing the exit.

Any succession would have to be rubber-stamped by the shareholders. Although Publicis is about 70% publicly held, it has some extremely powerful private shareholders as well. Dentsu, of course; but more influential is Elisabeth Badinter, the soignée French feminist and philosophy professor who also happens to be daughter of Publicis founder Marcel Bleustein Blanchet – and owner of a 10%+ stake. Whatever happens in the run-up to 2012, we are unlikely to see the departure of the ‘Silver Fox’ himself. Will Lévy retain the chairmanship of the executive board, or perhaps take a ‘life-time’ presidential role? Or both?

Advertisements

3 Responses to Will Jean-Yves Naouri be the next ceo of Publicis Groupe?

  1. […] Maurice Lévy on course for jackpot of over £30m when he steps down I note that Publicis Groupe chairman and chief executive Maurice Lévy has used his first quarter earnings call to confirm what we knew all along: that he is stepping down at the end of 2011. However, details about his preferred successor and his continuing relationship with the global marketing services empire he has built up remain elusive; any interested readers can visit my previous post on the subject. […]

  2. […] as Publicis China supremo Curioser and curiouser. Word reaches me that Jean-Yves Naouri – heir presumptive to the Publicis empire – is being sent to China (as opposed to Siberia). Already holding down a […]

  3. […] as Maurice Lévy’s successor as Publicis Groupe chairman and chief executive, and – as predicted – David Kenny, joint head of Publicis’ digital/media buying venture, Vivaki, and a possible […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: