NEW YORK: The Interpublic Group has replaced recently departed CFO Robert Thomson with a veteran of the media and entertainment world.
The holding company named Frank Mergenthaler as EVP and CFO early last week, less than a month after Thomson had left in what the company said was a mutually agreed-upon separation.
Mergenthaler moves to IPG from direct marketer Columbia House, where he was CFO. He previously worked in senior finance and accounting roles for Vivendi Universal, Seagram's, and Price Waterhouse.
Mergenthaler, 44, will be tasked with leading IPG CEO Michael Roth's ongoing quest to clean up the holding company's troubled internal finances, which have prevented IPG from filing revenue figures for year-end 2004 and the first and second quarters of 2005.
Last month, IPG said it hoped to have those figures ready by September 30.
In a statement, Mergenthaler said, "I'm excited to work with Michael, who made it very clear that he was looking for a CFO who would serve as his operating partner and be an important driver of the turnaround."
Mergenthaler will assume his new position on August 1.
IPG's PR agencies include Weber Shandwick, GolinHarris, and MWW Group.