Publicis has announced that Laura Desmond, Chief Revenue Officer for Publicis Groupe, will resign from the holding company effective Dec. 31.
In a statement Desmond said: "I am very grateful to [Publicis Chairman/CEO] Maurice Levy and everyone at Publicis Groupe for their support during my leave. The family health issue is significantly better. This sabbatical allowed me to consider where my greatest entrepreneurial and leadership opportunity existed. After thoughtful reflection and discussions with Maurice, I have concluded this is the right step for me. I leave the Groupe with nothing but thanks and appreciation for the opportunities and support I've received throughout my career and during my leave."
Desmond has been on a leave of absence since July 1 dealing with what Publics described as a "significant family health matter." She had served as global CEO of Starcom Mediavest Group and its individual media agency brands before moving into the new chief revenue officer role as part of a larger holding company reorganization late last year. During her leave, Desmond's duties were handled by Rishad Tobaccowala.