Levy opens new Publicis office

Maurice Levy, Publicis

Publicis Groupe boss Maurice Levy will officially open the agency’s new offices in Dublin this evening.  The agency has moved up the Liffey to the Observatory Building. The opening coincides with the Tall Ships visit to Dublin, with some of the world’s top sailing vessels moored along the capital’s south quays until Sunday.

Levy, 70, is set to receive €16.2 million in deferred payments this year after Publicis hit some performance targets and based on his time in charge. Last year, he asked the board to stop paying him a fixed salary and instead reward him on performance. When he retires, he will be paid €5.4m in tranches of €150,000 a month over three years, in return for agreeing not to work for any competitors during that time.

He became chief executive and chairman of the company in 1987. In 2008, he was bestowed with the International Leadership Award from the Ant-Defamation League for his support of tolerance and diversity. He financed a concert in the Trocadero to mark the 80th anniversary of the founding of the state of Israel.

Publicis recently bought London agency Bartle Bogle Hegarty, whose clients include Audi, British Airways and Lynx. For a profile on Publicis Dublinand an interview with managing director Padraig Burns, click on http://marketing.ie/index.jsp?p=395&n=412&a=774

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