Interpublic Unit Makes Management Changes To Boost Services

Weber Shandwick – part of The Interpublic Group of Companies, Inc. (NYSE:IPG) – recently announced that it elevated five senior leaders into new roles to deliver more integrated client services across the firm's North America markets.

Luca Penati, Rana Komar, Greg Power, Joy Farber-Kolo and Pam Jenkins will each take on additional remits to oversee cross-office units within the region.

The company is looking forward to strengthening and evolving its existing collaborative culture to enable its clients solve problems without boundaries. This step taken by the company will enable it to create a richer mix of skills and expertise to build powerhouse integrated teams to drive results in any given location.

Luca Penati, previously general manager of Weber Shandwick's San Francisco/Silicon Valley office, will become president of Weber Shandwick West. He will oversee the firm's operations in California and Seattle.

Rana Komar, previously general manager of Weber Shandwick's Chicago office, will become the president of Weber Shandwick Central. She is expected to drive integration across the firm's Midwest offices, which include Minneapolis, Chicago and St. Louis.

Greg Power, CEO of Weber Shandwick Canada, will take on the additional role of president of Weber Shandwick North. Power's remit includes collaboration with the firm's Detroit staff along with leading the firm's Canadian footprint.

Joy Farber-Kolo, general manager of Weber Shandwick's New York office, will become president of Weber Shandwick East. He is expected to drive growth in the firm's New York, Boston and Atlanta offices.

Lastly, Pam Jenkins, who was recently appointed president of Weber Shandwick's global Public Affairs practice, will now work to lead integration with the firm's teams located in the south, which include its Dallas, Washington, D.C., and Baltimore offices.

This transformation in the company’s management will help it function more efficiently across North America. In turn, this will help the company augment its revenue turnover using the expertise of its management.

Interpublic has outperformed the Zacks categorized Advertising and Marketing industry with an average return of 2.3% as against decline of 1.3% for the latter. Interpublic expects to strengthen its position with respect to new management transformation initiatives as well as opportunities from existing and new clients.

Interpublic Group presently has a Zacks Rank #2 (Buy). Some other stocks in the industry worth a glance include Barloworld Limited (OTC:BRRAY) , Bunzl (LON:BNZL) plc (OTC:BZLFY) and Federal Signal Corporation (NYSE:FSS) . All three stocks carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Bunzl plc has a long-term earnings growth expectation of 3.20%.

Federal Signal surpassed estimates twice in the trailing four quarters with an average positive earnings surprise of 3.1%.

Barloworld has a long-term earnings growth expectation of 17.2%.

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