Eastman, who joins JWT from CEO of rival Omnicom's Republic Family (formerly Zulu network), had previously been president-CEO of Omnicom's Agency.com.
The appointment comes days after WPP Chairman-CEO Martin Sorrell made an impassioned pitch to Wall Street analysts that WPP, not big rivals like Paris-based Publicis Groupe, is the most forward-thinking, and moving, digital organization on Madison Avenue.
"I think there is a little bit of a misunderstanding over our digital businesses," Sorrell told analysts, investors and journalists attending UBS' Media Week conference in New York this week. He said that digital marketing services now account for about $2.8 billion of WPP's revenues, or about "23% of group revenues," and said that WPP currently is about "three times the size" of its next closest agency competitor - Publicis - in terms of "digital prowess."
He also said that WPP continues to be Google's largest customer, and currently bills about $900 million in search related advertising through Google, or about "6% of their total revenue."
"We're the No. 1 digital media buyer in 2008," he emphasized, noting that WPP agencies will place about $4 billion in digital media billings this year.
"The digital prowess inside [WPP] is probably one of the unsung stories," he asserted.
That said, WPP and even Publicis continue to lag an even smaller Madison Avenue rival, London-based Aegis Group in another measure of "digital prowess:" their global digital staffing. According to RECMA, the ad industry's default source for media billings and interactive staffing, Aegis' Isobar is the largest digital marketing services organization by a wide margin.
Interestingly, another WPP unit, Atlanta-based Studiocom, also announced a new digital media director on Wednesday, Steve Ustaris from Aegis' Carat unit (see news brief).
Meanwhile, JWT indicated the hiring of Eastman was something of a coup.
"Digital is at the core of our business, and David Eastman will be responsible for integrating our many digital assets and overseeing activation and through-the-line marketing throughout the network," stated JWT CEO Bob Jeffrey.
Is this the same guy that saw Miller, Visa, Nokia and Marriott leave Agency.com during his less than a year as CEO? Oh that's right the previous CEO stole those accounts.
Savy move WPP!
http://www.adrants.com/2007/04/agencycoms-office-door-continues-to.php#comments