Publicis Groupe will cede ownership of its agencies in Russia to local management effective immediately as it suspends business and investments in the country over the war in Ukraine, according to a company statement. The group is passing off control to Sergey Koptev, founding chairman of Publicis in Russia. China Phone Number The company said the transition carries a “clear contractual condition” to ensure employees in the region can have a future there. Publicis has about 1,200 employees in Russia. In a statement, Publicis CEO and Chairman Arthur Sadoun said the group has been working on an exit from Russia since the invasion started. Too, China Phone Number but needed to find a solution that safeguarded talent. The firm joins WPP, Interpublic Group of Companies and Accenture, among others
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PHARMAVOICE Want more pharmaceutical insights in your inbox? Get the Daily Dive newsletter from PharmaVoice, the free newsletter that keeps industry leaders in-the-know on the latest news and analysis. Subscribe Dive Insight: In relinquishing control of its agencies in Russia to local management, China Phone Number Publicis adds to the march of ad holding groups exiting the region as the war clashes with brand values and presents steep challenges to maintaining operations. Leadership noted that this scenario has been in the .Equally important, Cards since russia’s initial invasion of ukraine last month. But required careful consideration on the execution front. China phone number it condemned unilateral .Aggression in ukraine and upheld that it will enforce economic. Sanctions in response to the crisis.
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Again, strong actions that fully respond to the gravity of the situation,” Sadoun said in a statement. “But we were determine to take the necessary time .To come with a solution that was truly people-first. In the same fashion, Because our 1,200 employees in russia are our people too.” china phone number sadoun also appeared in a video to employees. Explaining the reasoning behind the decision and.Affirming support for ukraine. Not to mention, He said that ensuring the safety of ukrainian employees. Of course, Of which there are about 350. Remains the “number one priority.” publicis is applying its marcel .Technology platform to provide aid to affected staff. Ipg, china phone number which announced plans to wind .Down russian operations earlier this week. Used similar language to publicis in describing how it did .Not want to “abandon” its russian people.