Shandwick’s parent company International PR is disbanding its US
headquarters following the resignation of Larry Kaplan, CEO for the US
and a company director.
Over half of the company’s income is generated in the US.
International’s chairman, Lord Chadlington, announced last month that
the company would be cutting its corporate overheads by stripping out
The company is in talks with other businesses to sell a stake or all of
its shares, and wants to get into good financial shape.
The first victims of Chadlington’s cost-cutting were chief executive
Dermot McNulty and former Shandwick UK chief executive Colin Trusler,
who both left the company last month.
The regional office for Asia was closed last month after Michael Murphy,
regional director for Asia, moved to London to become chief executive of
Regional offices in New York for the US, and Bonn for continental
Europe, are expected to be disbanded over the next few months. Around 30
staff are due either to be made redundant or found jobs elsewhere in the
International, which owns a variety of brands after growing by
acquisition during the 1980s, has decided to pare down to two brands in
the US: Shandwick and Golin/Harris Communications. Shandwick US chief
executive officer Scott Meyer and Golin/Harris chief executive Rich
Jernstedt and Murphy in the UK have all been promoted to the board of
Kaplan’s job has been deleted from the company’s structure as a
’Larry Kaplan, who has been with the company for nearly ten years, has
been tireless in developing our US business and made a significant
contribution in the growth and excellent performance of this region over
the last few years,’ said Chadlington.