OMD goes inside, appoints Laura Nice, Sian Whitnall Co-CEOs as ad market ‘hottest in 20 years’ says OMG boss Peter Horgan
After “two laps of the globe”, Omnicom Media Group CEO Peter Horgan has landed on OMD Sydney’s Joint Managing Director Laura Nice and Chief Digital Officer Sian Whitnall as Co-CEOs for the Australian group after the media agency’s former boss Aimee Buchanan left to head GroupM ANZ.
The [ad] market is hot. Marketers want to drive their share of consumer discretionary spending. I don’t think we’ve seen it quite like this in the past 20 years.
OMG's penchant for dual leadership structures continues with OMD's co-CEO appointment this week following several leadership rounds at OMD and PHD where both units have run joint bosses at various stages in recent years.
OMG boss Peter Horgan told Mi3 Nice and Whitnall had “complimentary skillsets” with Nice taking an external “strategic focus” on OMD’s client portfolio while Whitnall brings a “future facing” product bent to the business.
The new structure is effective immediately. “The more I talked to them about what it would look like under their leadership, the decision emerged as the obvious path for the business,” Horgan said. “I did two laps of the globe and realised the best talent to take OMD forward was within the building. They have the roadmap and will evolve it with their own vision for the next chapter of leadership.”
Horgan said the current industry-wide talent crisis and poaching battle was not subsiding. “Everybody is getting hit and it will continue that way until the borders open up,” he said. “But this is about the ability to maintain OMD’s unfair share of talent. At twice the size of OMD’s nearest competitor, we have the capacity to invest in people and capability.”
OMD’s new structure comes as the ad market surges through Christmas and likely through the first half of 2022. “The market is hot,” Horgan said. “There’s a lot of liquidity out there and marketers want to drive their share of consumer discretionary spending. I don’t think we’ve seen it quite like this in the past 20 years. But sustainability is the question, once [government] stimulus moves to a more neutral setting. The second half of next year is the unknown from any impact of inflation and interest rate movement.”
For now, the firing ad market was broad-based, Horgan said, and traditional media was “having a rebound” after coming off a more “challenged base”.
The appointment of Nice and Whitnall is a clear line to next generation leadership in media agencies and sets up an interesting contrast of management styles, culture and new business and retention capabilities between Nice and Whitnall, rival agency networks and their former boss Aimee Buchanan who started last month as GroupM’s CEO.
Rumblings from inside WPP’s media agency group point to Buchannan already having a fast impact.
On their appointments Nice said: “As an 'OMD Boomeranger' I know firsthand the benefits of working for a culture as strong as OMD Australia’s. To be given the opportunity to lead the next chapter with Sian is a proud moment, as we strive to build on OMD’s current success and momentum. Personally, I’m excited to focus on the depth and breadth of our client relationships and identify growth opportunities for our people to further develop their capability and evolve our offering for the future.”
Whitnall adds: “I feel so passionately about OMD so it’s an absolute privilege for Laura and myself to be given the opportunity to lead the agency. I am excited to continue working alongside OMD’s incredible talent, to grow the capability within the brand and to drive growth for our clients in areas that will have the most impact for their businesses.”
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Retail media growth and the secret sauce: Nando's sees 27% sales uplift, 70% new customers in Cartology omnichannel retail campaign with Fresh Magazine, social, front of store screens and more
Retail media is forecast to triple in size over the next five years from $850 million to $2.14 billion. It has become one of the most talked about emerging media sectors – and for good reason. It has a unique, data-led approach based on real customer insights and closed loop reporting, adding real accountability to campaign investment. Just ask fan favourite Nando’s.
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