Global marketing and corporate communications company
Omnicom Group Inc
) recently announced that Tim Love, Vice Chairman and CEO of Asia
Pacific/India/Middle East/Africa (APIMA) region, is set to retire
from his position by the end of the first quarter.
Tim Love earlier served as the President of Global Clients at
Omnicom network TBWA Worldwide before becoming the Vice Chairman
of Omnicom Group. Under his leadership, Omnicom witnessed
remarkable success across the Asia-Pacific region. Despite tough
competition and top-line challenges, the company has won a number
of awards during his tenure.
In addition, Tim Love played a key role in shaping Omnicom
Group's strategic and operational plans. Over the years, he has
successfully steered the company toward growth through strategic
initiatives and has developed senior client relationships in the
US and abroad with many of the Fortune 100 companies
Earlier, in the third quarter 2012, Omnicom reported earnings per
share of 74 cents, up 2.8% year over year and ahead of the Zacks
Consensus Estimate by a penny. The cost-cutting measures
undertaken by the company have largely proved beneficial with
growth fuelled by developed markets like the US as well as
developing markets like Asia and Latin America.
Omnicom is one of the largest advertising, marketing and
corporate communications companies in the world. The company's
agencies operate in all the major markets across the globe and
provide an extensive range of services. The company provides
advertising, strategic media planning and buying, digital and
interactive marketing, direct and promotional marketing and other
specialty communications services to over 5,000 clients in more
than 100 countries.
Omnicom currently has a short-term Zacks #3 Rank (Hold) and a
long-term Neutral recommendation. One of its competitors,
The Interpublic Group Of Companies, Inc
) also carries a Zacks #3 Rank.
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