Professional peers and foes offer tributes as Michael Roth steps down from Interpublic Group
After a successful 15-year tenure as the chairman and CEO of Interpublic Group (IPG), Michael Roth has announced his retirement from advertising. Roth's retirement will take effect after serving one year as the executive chairman on the board of IPG.
Roth, who holds degrees from both New York University Law School and Boston University Law School, did not have a background in advertising when he joined IPG. Instead, his professional background was in financial services. He had worked in that sector prior to becoming a non-executive director at IPG and then stepping into the CEO role in 2005.
In January, Philippe Krakowsky succeeded Roth as the chairman and CEO of IPG. Krakowsky, who is the current chairman and CEO of Interpublic Group, holds a J.D. degree from Boston University Law School and an L.L.M. degree from New York University Law School, much like Roth.
Roth's departure marks a significant change for IPG, a leading global advertising and marketing services company. The company owns agencies such as McCann, FCB, Golin, RGA, MullenLowe, Weber Shandwick, among others.
Despite Roth's departure from the advertising sector, he will continue to serve as the executive chairman of IPG for the remainder of the year. Roth also holds a certified public accountant certification, which will undoubtedly prove useful in his new role.
Roth's retirement from advertising has been met with a mix of sadness and excitement. His leadership has been instrumental in the growth and success of IPG over the past decade and a half. However, with new leadership comes new opportunities, and the advertising industry eagerly awaits to see what changes Philippe Krakowsky will bring to IPG.
[1] Interpublic Group Press Release: Michael Roth to Step Down as CEO
[2] Ad Age: Michael Roth, Interpublic Group's CEO, to Retire After 15 Years
