Publicis proposes Arthur Sadoun as CEO and Chairman of the Board of Directors after upcoming changes to its Corporate Governance

– FRANCE, Paris – Publicis Groupe (EPA: PUB) today announced a proposed change to its Corporate Governance, with the shift to a single-structure corporation with a Board of Directors instead of the current dual-structure corporation with a Supervisory Board and Management Board. These changes will be proposed to vote at the next AGM on 29th May 2024.

In this new structure, Arthur Sadoun would become Chairman and CEO of the Board alongside a newly created position of Lead Director. Maurice Lévy, Chairman of the Supervisory Board, would be named Chairman Emeritus for the Groupe to continue to benefit from his insight, experience, and leadership.

“The primary responsibility of any board is to ensure that a company has both the governance structure and the teams it needs to lead it forward. With this in mind, I proposed changing the governance of the Groupe in order to put in place a Board of Directors, with Arthur Sadoun as Chairman and CEO. It’s the most effective way of maintaining the Groupe’s success, now and in the long term. I’m delighted that the Supervisory Board was unanimous in its approval of this change, and confident that our shareholders will give it their support, seeing it as the means of preserving and perpetuating the outstanding results that have taken our group to new heights.” said Chairman of the Supervisory Board, Maurice Lévy.

“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 Chairman and CEO Arthur Sadoun.

About Publicis Groupe

Publicis Groupe is a global leader in communication. The Groupe is positioned at every step of the value chain, from consulting to execution, combining marketing transformation and digital business transformation. Publicis Groupe is a privileged partner in its clients’ transformation to enhance personalization at scale. The Groupe relies on ten expertise concentrated within four main activities: Communication, Media, Data, and Technology. Through a unified and fluid organization, its clients have facilitated access to all its expertise in every market. Present in over 100 countries, Publicis Groupe employs around 103,000 professionals.

SOURCE: www.publicisgroupe.com

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