Acxiom CEO Chad Engelgau to Leave Data-Driven Marketing Giant for Opportunity in Non-profit Sector

Rhea-AI Summary

Interpublic Group (IPG) announced the departure of CEO Chad Engelgau, a 17-year veteran of Acxiom, to pursue global non-profit fundraising. The search for his replacement has begun, with Acxiom COO John Watkins temporarily reporting to IPG CEO Philippe Krakowsky. Engelgau's leadership was praised for advocating for data privacy, ethical AI, and transparency in data sharing. Prior to Acxiom, Engelgau held key roles at KINESSO and IPG, leading data and identity product management and strategy.

New York, NY, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Interpublic Group (NYSE: IPG) announced today that Chad Engelgau, a 17-year Acxiom veteran and its CEO, is leaving the company at the end of January to help transform a global leader in fundraising for non-profits. A search for his replacement will begin immediately. In the interim, Acxiom COO John Watkins will report to IPG CEO Philippe Krakowsky, as had Engelgau.

Said Krakowsky, “As CEO, Chad has helped Acxiom retain its place as a thought leader and key advocate on behalf of our clients when it comes to a number of vital industry topics, including the need for a national data privacy law, ethical AI, and transparency on the value exchange people expect when they share their data with brands. We thank him for his leadership and service.” 

Prior to becoming Acxiom’s CEO in March of 2020, Engelgau served as Global Chief Data Strategist at KINESSO, the performance marketing unit of IPG, after having spent 13 years in a variety of key leadership roles at Acxiom, including Chief Marketing Officer and Head of Strategy. Over his tenure, he led data and identity product management and strategy as well as product marketing.

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About Interpublic
Interpublic (NYSE: IPG) (www.interpublic.com) is a values-based, data-fueled, and creatively-driven provider of marketing solutions. Home to some of the world’s best-known and most innovative communications specialists, IPG global brands include Acxiom, Craft, FCB, FutureBrand, Golin, Huge, Initiative, IPG Health, IPG Mediabrands, Jack Morton, KINESSO, MAGNA, McCann, Mediahub, Momentum, MRM, MullenLowe Global, Octagon, R/GA, UM, Weber Shandwick and more. IPG is an S&P 500 company with total revenue of $10.93 billion in 2022.

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Contact Information
Tom Cunningham
(Press)
(212) 704-1326

Jerry Leshne
(Analysts, Investors)
(212) 704-1439

FAQ

Who is leaving Interpublic Group (IPG)?

Chad Engelgau, the CEO of Acxiom, a subsidiary of IPG, is leaving the company.

Who will report to IPG CEO Philippe Krakowsky in the interim?

Acxiom COO John Watkins will report to IPG CEO Philippe Krakowsky temporarily.

What were Chad Engelgau's key roles prior to becoming Acxiom’s CEO?

Chad Engelgau held key leadership roles at KINESSO and IPG, leading data and identity product management and strategy.

What industry topics did Chad Engelgau advocate for during his tenure at Acxiom?

Chad Engelgau advocated for the need for a national data privacy law, ethical AI, and transparency on the value exchange people expect when they share their data with brands.

How long did Chad Engelgau work at Acxiom?

Chad Engelgau worked at Acxiom for 17 years before leaving the company.