Levy to stay at Publicis "as long as needed"

After some rumors that Maurice Levy would step down as CEO of Publicis Groupe in December 2011 when his term expired, The Wall Street Journal reported today that he will stay on "as long as needed."

After some rumors that Maurice Levy would step down as CEO of Publicis Groupe in December 2011 when his term expired, The Wall Street Journal reported today that he will stay on "as long as needed." The newspaper continued:

Publicis said the supervisory board has asked Mr. Lévy to carry on his mission beyond December 2011, when his term was set to expire, and said he will oversee the transition period at the helm of the group "for as long as needed."

"I said that I would stay on board as long as needed," Mr. Lévy said in a statement. "I will make sure the transition happens when the time is right, so that my succession takes place in the best possible conditions for the group, its clients, employees and shareholders."

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