- Amid mixed trading today, Omnicom (NYSE:OMC) is now off 0.8% following an earnings report where it beat earnings expectations showing growth in key markets.
- Revenue that grew 0.9% overall rose fastest in Asia Pacific (5.1% organically) and North America (4.5%), alongside 2.2% growth in the UK, 3% in Euro/Other Europe, and 1.7% in Africa and Middle East. Meanwhile, Latin American revenue slid 7.8%.
- Revenue growth by discipline: Advertising +7.9%; CRM -0.7%; public relations -0.9%; specialty communications +2.2%.
- It's also made some changes to keep its board fresh, adopting a mandatory retirement age of 75 -- meaning that when it becomes effective at the end of 2017, five of the current independent directors as well as Chairman Bruce Crawford will leave the board by the 2018 meeting.
- Also in line with that retirement age policy, two other longtime directors are stepping down in time for this year's meeting. After the 2016 meeting, the board is expected to have 12 members (10 independent).
- Press Release
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