Publicis Groupe exits Russia by ceding administration to locals

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First WPP, then IPG — and now Publicis Groupe is pulling out of Russia by stopping its enterprise and investments and handing over management of its Russian operations, which has 1200 staff, to Sergey Koptev, founding chairman of Publicis in Russia, with the clear contractual situation of making certain a future for workers there.

Arthur Sadoun, CEO & chairman of Publicis Groupe, mentioned: “Because the begin of the invasion, now we have been engaged on exiting Russia as we strongly condemn the unilateral aggression in opposition to Ukraine. We had been dedicated to taking robust actions that totally reply to the gravity of the scenario. However we had been decided to take the required time to come back with an answer that was actually people-first, as a result of our 1200 staff in Russia are our individuals too. We couldn’t simply abandon them. By ceding management of our Russian operations to Sergey, we’re securing a future path for our colleagues whereas instantly stopping all of our operations, engagement and funding in Russia.”

Publicis additionally restated its dedication to the protection of its individuals and their households in Ukraine, promising to assist carry them safety, relocation and monetary help in no matter approach they’ll.

Sadoun added: “The security of our individuals in Ukraine stays our primary focus. We’re in each day contact with all 350 of them on a person foundation and doing every thing we are able to to guard them. From safety alert programs, to psychological and psychological well being help, to assist with visas, or guaranteeing salaries for everybody for your complete 12 months, we’ll proceed to face by their aspect, be exhaustive within the options we carry and speedy within the assist we offer”