Omnicom Announces Formation of Omnicom Oceania, Appoints Nick Garrett as CEO
New operating model enables group to drive growth through upstream strategy, innovation and a cohesive experience
SYDNEY, July 22, 2025 /PRNewswire/ -- Omnicom (NYSE: OMC) today announced the formation of Omnicom Oceania. The move aligns all Omnicom's practice areas across Australia and New Zealand including market leading media and creative agencies, PR, performance marketing, production and more under a unified leadership structure.
It reflects Omnicom's commitment to flexibility, innovation, and deep specialization, adapting to an ever-changing landscape and ensuring it delivers the best fit solution for clients. Tapping into Omnicom's significant investment in its Omni platform, Omni AI tools and more, the group has already redefined the market by building high-performance orchestration models such as +61 for Telstra and Smith Street for Coles.
"Increasingly, clients in this market are looking for deep specialism and seamless integration. Recent Forrester wave reports have proven that Omnicom is the unrivalled leader across key marketing specializations. We have successfully deployed these specializations with many leading clients in the market, and this organisational shift accelerates our ability to deliver this model to more clients across the region," said John Wren, Omnicom Chairman and CEO.
Omnicom Oceania will be led by Nick Garrett as CEO. In his new role, Garrett will collaborate closely with brand agency leaders to deliver integrated solutions and a more seamless experience for Omnicom's clients and their customers.
Garrett returns to Omnicom after 4 years at Deloitte Digital where he joined as a Brand & Creative Partner in 2021. Within his first year he joined the Global Leadership team, later becoming Global CMO. Locally and internationally, he drove upstream consulting services at the intersection of creativity, technology and transformation. Before Deloitte, Garrett spent almost a decade leading BBDO agencies, Clemenger and Colenso and, prior to that, worked at TBWA in Sydney and LA.
Garrett said, "My time in the consulting world showed me just how big the opportunity is to add creative problem solving and brand thinking further upstream into business strategy, and how agencies can positively influence more of the customer eco-system beyond marketing and comms. There is a huge amount of white space to grow into, and I am absolutely thrilled to be returning to the Omnicom family to continue to drive growth at an accelerated pace."
Wren continued, "We have the advantage of best-in-class capabilities and talent across practice areas, built on the foundations of world-leading data, AI, technologies and tools. Nick's deep knowledge of Omnicom and his advisory experience make him the ideal leader to orchestrate these capabilities and drive the growth ambitions of our clients."
The move will see Garrett reporting into Wren, and the changes are effective immediately.
About OmnicomOmnicom (NYSE: OMC) is a leading provider of data-inspired, creative marketing and sales solutions. Omnicom's iconic agency brands are home to the industry's most innovative communications specialists who are focused on driving intelligent business outcomes for their clients. The company offers a wide range of services in advertising, strategic media planning and buying, precision marketing, retail and digital commerce, branding, experiential, public relations, healthcare marketing and other specialty marketing services to over 5,000 clients in more than 70 countries. For more information, visit www.omnicomgroup.com.
View original content:https://www.prnewswire.com/apac/news-releases/omnicom-announces-formation-of-omnicom-oceania-appoints-nick-garrett-as-ceo-302510081.html
SOURCE Omnicom Group Inc.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
18 minutes ago
- Yahoo
Sharks 'error' that could see Blayke Brailey join QLD Origin players at rival club
The Cronulla Sharks have been called out over a 'grave error' around Blayke Brailey that could see the star hooker join the Perth Bears as one of the club's first marquee signings. Queensland Origin stars Cameron Munster and Tino Fa'asuamaleaui have also emerged as the main targets for Mal Meninga's Bears in what could be a massive coup for the NRL's newest franchise when they enter the competition in 2027. Brailey still has one more year left on his current deal with the Sharks but will be free to negotiate with rival clubs on November 1 if he doesn't agree an extension with Cronulla before then. However, it's understood contract talks between Brailey and the Sharks have hit an impasse, with the player's representatives wanting a five-year extension and Cronulla reportedly only offering him three years on top of his current deal. The situation has left the door open for Perth to pounce on Brailey, who has emerged as the NRL's most in-form hooker and a future NSW Origin star. The Sharks No.9 is outperforming Origin hookers Harry Grant and Reece Robson, and Fox League's James Hooper says Cronulla's delay in agreeing an extension could cost them. 'The black, white and blue have made a grave error. They've just been a little slow out of the gates, and I'd even go as far to say they have probably lowballed him,' Hooper told NRL 360 on Wednesday night. 'If he's available come November 1, I'd suspect many clubs, possibly someone like the Perth Bears, would pay up to $1 million to try and land his signature. Because you can build a club around him.' League journalist Michael Caryannis described Brailey as 'the most in-form player of the competition' and said the Sharks will be desperate to tie him down to the club as soon as possible. "He's a Shire boy, he's a (club) junior, he wants to stay and I think they'll get the deal done," he told SEN radio on Thursday. "But they (Cronulla) have just got to be careful that if it gets to November 1, another club will offer him $1 million and the Sharks won't get to that." Hooper says he doesn't think Cronulla's offer for Brailey is 'anywhere near where it needs to be', considering he would almost certainly command a seven-figure sum if he hit the open market. 'I'd say it's around $650,000, something like that. I don't think it's anywhere near where it needs to be,' Hooper said. RELATED: Kevvie vows to act as three stars consider walking away from Kangaroos Madge spills family detail that has Walsh and Broncos primed for finals Panthers fans divided after Ivan Cleary forced to axe grand final hero Maroons stars emerge as marquee targets for Perth Bears Titans skipper Fa'asuamaleaui has links to Meninga, who signed him at the Gold Coast and coached him at the Kangaroos. Tino is on a long-term deal at Gold Coast worth around $1.2 million per year but has clauses in his contract that enable him to negotiate with rival clubs on November 1, which works in favour of Meninga's Bears. The Maroons star is settled with his family in Queensland though, but has asked the Titans to outline their vision for the future after the club's well-publicised struggles in 2025 that look set to cost Des Hasler his coaching job. Perth would probably have to offer Tino a massive deal worth upwards of $1.4 per season to prise him away from the Gold Coast, but it would be a huge coup if Meninga could pull off the marquee signing. The Perth coach is also said to have Queensland skipper Munster firmly in his sights, but a move for the Maroons Origin hero is slightly more complicated. The Melbourne five-eighth still two years remaining on his Storm contract after this season, and would need to be granted an early release if he wanted to join Perth. Munster is also settled in Melbourne and it would take a similarly massive offer to entice him to join the Bears.
Yahoo
18 minutes ago
- Yahoo
Web Travel Group Limited (ASX:WEB) is favoured by institutional owners who hold 56% of the company
Key Insights Institutions' substantial holdings in Web Travel Group implies that they have significant influence over the company's share price 51% of the business is held by the top 12 shareholders Insiders have been selling lately Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. A look at the shareholders of Web Travel Group Limited (ASX:WEB) can tell us which group is most powerful. We can see that institutions own the lion's share in the company with 56% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. Let's delve deeper into each type of owner of Web Travel Group, beginning with the chart below. View our latest analysis for Web Travel Group What Does The Institutional Ownership Tell Us About Web Travel Group? Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that Web Travel Group does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Web Travel Group's historic earnings and revenue below, but keep in mind there's always more to the story. Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. We note that hedge funds don't have a meaningful investment in Web Travel Group. Our data shows that State Street Global Advisors, Inc. is the largest shareholder with 7.5% of shares outstanding. In comparison, the second and third largest shareholders hold about 6.0% and 5.5% of the stock. In addition, we found that John Guscic, the CEO has 1.6% of the shares allocated to their name. Looking at the shareholder registry, we can see that 51% of the ownership is controlled by the top 12 shareholders, meaning that no single shareholder has a majority interest in the ownership. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. Insider Ownership Of Web Travel Group The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. We can see that insiders own shares in Web Travel Group Limited. This is a big company, so it is good to see this level of alignment. Insiders own AU$69m worth of shares (at current prices). Most would say this shows alignment of interests between shareholders and the board. Still, it might be worth checking if those insiders have been selling. General Public Ownership The general public-- including retail investors -- own 38% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. Next Steps: I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 3 warning signs for Web Travel Group you should be aware of. Ultimately the future is most important. You can access this free report on analyst forecasts for the company. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
20 minutes ago
- Bloomberg
RBA Finds Foreign Students Add to Australia's Housing Demand
International students in Australia exert more pressure on demand in the economy, including in the housing market, rather than adding to supply, according to a new Reserve Bank analysis. 'In the housing market, supply is constrained in the near term, so changes in the number of international students in Australia could impact market outcomes, in the same way changes in the population more broadly could,' the RBA's Madeleine McCowage, Harry Stinson and Matthew Fink said in a research paper published Thursday.
