Interpublic Appoints Growth Officer

25 May 2005

Beleaguered agency holding company Interpublic Group has named Steve Centrillo as evp and chief growth officer.

Centrillo is vacating his seat as managing partner of Grey Worldwide's darkGrey unit to take up the new role, reporting to IPG ceo Michael Roth. He replaces Kevin Allen, who has moved to London to develop IPG's European business.

Says Centrillo: "I am very excited about working with Michael to take Interpublic's growth program to another level and I look forward to making a contribution to the turnaround that he is in the process of leading."

The US-headquartered group, which owns the FCB, Lowe and McCann Erickson networks among others, has endured a run of bad luck recently, including the loss of the $3.6 billion (€2.81bn; £1.92bn) General Motors media buying and planning account [WAMN: 12-May-05]. The group has also been under accounting pressure [WAMN: 06-Apr-05].

Also joining the IPG fold - as FCB worldwide ceo - is Steve Blamer, Centrillo's former boss at Grey.

Data sourced from AdWeek (USA); additional content by WARC staff