Omnicom CEO John Wren received a $2.5 million increase in total compensation last year to nearly $26 million while Interpublic Group CEO Michael Roth received a $3.5 million pay bump to nearly $18 million, according to the companies’ proxy statements issued in advance of their upcoming annual shareholder meetings.
Both companies have set their annual meetings for May 25. Omnicom is holding its meeting at DDB Chicago and IPG shareholders will gather the Paley Center in New York City.
Both executives received the bulk of their compensation in the form of cash and stock incentive awards. Wren received a base salary of $1 million and Roth received a base salary of $1.5 million.
Interpublic Group posted a 3% gain in revenue last year to $7.85 billion and a 34% net income gain to $608.5 million. The firm reported organic revenue growth (which excludes the effect of acquisitions, divestitures and currency fluctuations) of 5%.
Omnicom reported a 1.9% gain in 2016 revenue to just over $15.4 billion and a net profit of more than $1.14 billion, up 5%. Organic growth for the year was 3.5%.