IPG Mediabrands global CEO Henry Tajer is set to leave the business after just two years, to move back to Sydney.
According to a report, Tajer will not be replaced as CEO at the holding company’s media agency network. He will return to Sydney for what the memo suggests are family reasons, while Philippe Krakowsky, chairman of IPG Mediabrands, will take over Trajer’s direct reports.
According to the memo, Tajer’s departure is no surprise internally and Krakowsky’s appointment as chairman in February of 2016 was made with that possibility in mind.
The new structure at IPG Mediabrands will mimic that of IPG’s Constituency Management Group, the umbrella organization for the company’s public relations, sports and experiential marketing businesses. CPG is run by Frank Mergenthaler, who is also executive vice president and chief financial officer at IPG, in the same way that Krakowsky is EVP, chief strategy and talent officer at the holding company. The CMG structure has worked well, so IPG is confident in applying it now to IPG Mediabrands as well, said a senior IPG executive.