NEW YORK (AdAge.com) -- Interpublic Group of Cos. today said four members of its board of directors had relinquished their seats at the request of management.
The agency holding company also announced that Michael I. Roth, chairman-CEO of the Mony Group, is joining Interpublic's board, bringing the number of independent, outside directors on the board to seven.
The changes are effective immediately.
The departing directors are David Bell, vice chairman of Interpublic; Jim Heekin, chairman-CEO of McCann-Erickson WorldGroup; Frank Lowe, chairman of Lowe Worldwide; and Brendan Ryan, chairman-CEO of FCB Group.
The Mony Group is a provider of life insurance, annuities, mutual funds and other financial services. Mr. Roth is also a director of Stamford, Conn.-based Pitney Bowes.
'Independent, outside directors'
"The interests of Interpublic shareholders will be best served by a board that is primarily made up of independent, outside directors," John Dooner, chairman and chief executive of Interpublic, said in a statement.
In addition to Mr. Roth, the independent directors on Interpublic's board are Frank Borelli, former CFO of Marsh McLennan; Reginald K. Brack, former chairman-CEO of Time Inc.; Jill M. Considine, chairman-CEO of the Depository Trust Clearing Co.; Richard Goldstein, chairman-CEO of International Flavors Fragrances; H. John Greeniaus, former chairman-CEO of Nabisco; and J. Phillip Samper, managing director at Gabriel Venture Partners.
The directors from within Interpublic are Mr. Dooner and Sean Orr, Interpublic's chief financial officer.