https://theprpost.com/post/6294/

Omnicom PR stumbles in Q1, despite overall company growth

Omnicom's PR arm faced a rough first quarter of 2024, marking its third consecutive decline in revenue. The 1.1% dip comes after a 2.9% drop in Q4 2023 and a steeper 5.5% decline in Q3. This stands in stark contrast to the positive performance of Omnicom as a whole, which saw global revenue rise 4% organically in Q1.PR's struggles were overshadowed by strong growth in other areas. Advertising & media, precision marketing, experiential marketing, and healthcare all saw revenue increases. Conversely, branding & retail commerce and execution & support also experienced losses.Despite the PR group's struggles, Omnicom CEO John Wren remains optimistic. He highlights the company's ability to combine marketing and sales solutions with data-driven insights to deliver measurable results for clients. Wren also credits industry-leading tools and strong leadership for the company's new business success, which fuels his confidence in the future.Looking back, Q1 2024 marks a significant shift from the previous eight quarters of consistent PR growth. Prior to this period, the PR group enjoyed impressive gains, exceeding 4% growth in most quarters. The first quarter of 2021 stands as the last time the group experienced a decline.
https://theprpost.com/post/6271/

Oliver Schrott Kommunikation announces leadership transition

Omnicom agency Oliver Schrott Kommunikation (OSK), a leading German PR and communications firm, today announced a leadership transition. Founder Oliver Schrott, (pictured above), will step down as CEO after 31 years at the helm. Succeeding him will be Christoph Horn, a seasoned communications professional with extensive experience in the automotive and mobility sectors.Schrott will continue to play a valuable role at OSK in the newly established position of non-executive chairman, ensuring a smooth transition and leveraging his vast industry knowledge.Christoph Horn joins OSK from global automotive supplier ZF Group, where he served as SVP of corporate communications. Throughout his 30-year career, Horn has held prominent communications positions at Ford, General Motors, Opel, and Daimler AG, including seven years leading global communications for Mercedes-Benz.Horn expressed his excitement about leading OSK, acknowledging the firm's impressive track record and commitment to innovation. "OSK's ability to stay ahead of the curve through its specialized services and willingness to embrace new ideas makes it an ideal fit for me," he said. "I'm honored to take on this leadership role and serve OSK's clients, its dedicated team, and the broader Omnicom network."Oliver Schrott praised Horn's qualifications and expressed his confidence in the future of OSK. "Christoph is the perfect successor to lead OSK," Schrott stated. "He represents both continuity and the potential for further growth, especially during this period of rapid change within the industry. We share a strong work ethic, high standards, and a passion for pushing boundaries. I look forward to supporting Christoph, the OSK management team, and the entire agency in my new role."Horn will assume leadership alongside COO Michael Kemme and CFO Marc Wolter, both longstanding members of OSK's management team.Headquartered in Cologne with offices in Stuttgart, Berlin, New York, and Beijing, OSK employs approximately 250 communications specialists.