Omnicom Group has announced that its executive vice president, Peter Sherman, will leave the company to become a full-time undergraduate professor teaching marketing and communications at a ‘top-ranked’ university.
Though Sherman is set to leave on 31 December, the EVP joined Omnicom in 2014 and was tasked with driving ‘integration, innovation and growth’ across the company’s largest global clients.
While he has been one of the ‘primary architects’ of Omnicom’s portfolio of integrated service models, he has also led Omnicom’s Global Client Leaders (GCLs) Group, growing it from 10 to 30 leaders.
Prior to his time at the agency group, the ex EVP also spent 17 years at Omnicom-owned agency BBDO.
“My time at Omnicom has been defined by incredible teams, individuals and a culture that made it the best place I could have ever hoped to spend 25 years,” Sherman said.
“Throughout my tenure, I’ve seen first-hand how Omnicom evolves its services and structures ahead of an ever-changing industry, and I’m proud of my contribution to that evolution. I will leave the company on a high note at the end of this year and am very much looking forward to sharing my experience with the next generation as an educator.”
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As part of Sherman’s resignation, the ‘big six’ agency will be identifying a new structure and set of leaders who will reportedly expand on the foundation he helped build.
Omnicom chairman and CEO, John Wren, added: “With steadfast leadership, Peter has defined best practices for new business pitches and integrated client models that have allowed Omnicom to gain and retain wins with some of the world’s top brands.”
“His unwavering dedication to the company has been felt well after his decision to transition to academia as he played an instrumental role in identifying the new team that will succeed him. We thank him for his countless contributions over the years and wish him all the best as he pursues his passion for higher education.”
