TORONTO, Aug. 3, 2011 /PRNewswire/ -- Frank Palmer, chairman and CEO of DDB Group Canada, the corporate office for Omnicom Group Inc. in Canada, is pleased to announce the expanded role of CFO Mike Bauman, reflected in his new title: Chief Operating Officer (COO).
"For the past 11 years, Mike has provided sound operational counsel and exemplary leadership in his position as DDB Group Canada's Chief Officer," said Palmer. "With today's evolving business landscape, we wanted to amend his title to better reflect the range of his responsibilities and valued contributions."
In addition to overseeing the engagement of Omnicom's legal, risk management, payroll and tax services as part of his operational role, Bauman will work closely with Palmer and the DDB Group Canada agency presidents to ensure all business operations are functioning in an efficient, effective manner. His focus is to help optimize revenue growth and profitability via direct engagement in large client contract negotiations, acquisition prospecting, real estate portfolio management, and supplier management, and through his leadership of DDB Group Canada's financial and IT teams.
Previously, Mike held the title of Executive Vice President, Chief Financial Officer, DDB Group Canada.
DDB Worldwide Communications Group Inc. (www.ddb.com) ranks among the top five consolidated advertising and marketing services global networks, according to Advertising Age. Consistently one of the most awarded networks globally for creative excellence, DDB was Campaign's 2009 Global Network of the Year, the 2010 Spikes Asia Network of the Year, 2010 Eurobest Network of the Year, 2010 Campaign Asia Pacific Creative Network of the Year and captured both the Cyber Grand Prix and Film Craft Grand Prix at the 2010 International Advertising Festival in Cannes. With more than 200 offices in over 90 countries, DDB Group believes in the power of Social Creativity to grow the value and influence of brands around the world by creating ideas that people want to play with, participate in and pass along. DDB Worldwide is part of Omnicom Group Inc. (OMC).
SOURCE DDB Worldwide