John Seifert, the chief executive officer at Ogilvy Worldwide, has tendered his resignation from the global advertising company after 41 years.
In a message he personally authored, Seifert said:
“In June I will have served Ogilvy for 41 years, the past five as worldwide CEO.
I have worked closely with Mark Read, Chief Executive of WPP, since his appointment in 2018 on leadership development and succession planning across The Ogilvy Group, and that includes me as well.
Mark and I have each embarked on ambitious journeys of business and brand transformation for the companies we lead, and nothing is more important to both of us than recruiting and developing top talent.
Earlier this year, Mark and I agreed that we should begin the process of searching for my eventual successor, knowing that this process takes time and thoughtful engagement with potential candidates internally and externally.
In a moment like this, I am more committed than ever to our people, our clients, and the Ogilvy brand. I will continue to lead Ogilvy with all my strength until a successor is appointed and a leadership transition is completed sometime in 2021.
It’s been an extraordinary privilege to serve Ogilvy since joining the company as a summer intern in 1979. I love this company with all my heart and will be forever supportive of its success.”
Ogilvy Worldwide was founded by David Ogilvy in 1948 and has since become one of the largest advertising network under the WPP Group.