Publicis has undergone a period of sustained momentum over the past years, thanks to its unique model adapted to the needs of some of the world’s leading companies, its unmatched capabilities and the depth of its talent bench. To further support that dynamic, and the leadership teams behind it, and in anticipation of the end of his mandate in 2025, Maurice Lévy, Chairman of the Supervisory Board, submitted to the Groupe’s governing bodies a proposal to change the company’s governance. This change would see the company shift from a dual structure corporation with a Supervisory Board and Management Board (Directoire), and instead adopt the more widespread model of a single structure corporation with a Board of Directors.
Following a lengthy and rigorous process, the Supervisory Board unanimously approved the proposal, which will be subject to a vote by shareholders during the upcoming Annual General Meeting.
In this new structure,
Maurice Lévy, Chairman of the Supervisory Board, would be named Chairman Emeritus in order for the Groupe to continue to benefit from his insight, experience, and leadership. In addition to attending board meetings, Maurice Lévy would preside over a mixed group of board members and executives, with a clear focus on innovation and foresight.
These changes would allow for the continuation of the partnership formed by Lévy and Sadoun, which in the past seven years has seen Publicis become first in the industry on market capitalization.
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“The aim of this change in governance is simple: to preserve the driving forces behind the Groupe’s success and maintain the model that has made Publicis our industry’s most valuable company in terms of market capitalization. It will also allow us to continue the duo that we have formed with Maurice Lévy since 2017, which has seen Publicis extract itself from the pack and emerge as a clear leader in our sector. The continuity of our partnership, combined with the incredible talent of our teams around the world and our best-in-class capabilities make us more confident than ever in our ability to help our clients transform and thrive in this ever-changing environment, and drive even greater value and innovation for all of our stakeholders. For those reasons, I hope that our shareholders will support this proposal” said
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Contacts
Communication Director Investor Relations | + 33 (0)1 44 43 70 75 + 33 (0)1 44 43 74 88 | amy.hadfield@publicisgroupe.com jean-michel.bonamy@publicisgroupe.com |
Please find the press release here
Source: Publicis Finance Services
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