Recently Merged FCB Loses Its New York CEO

Steve Centrillo Departs as New Draft Group Decides Management Lineup

By Published on .

Most Popular
Editor's note: See below for update to this story.

NEW YORK (AdAge.com) -- Just weeks before the newly merged Draft FCB Group is expected to announce its new management lineup, Steve Centrillo, CEO of FCB's New York office, has left the agency.
FCB's New York CEO, Steve Centrillo, is leaving the company.
FCB's New York CEO, Steve Centrillo, is leaving the company.

Executive intrigue
Mr. Centrillo's departure could clear the way for Wendy Lurrie, Draft's New York president, to take on the New York operations of the combined unit. But that's not a fait accompli, because OgilvyOne veteran Peter DeNunzio is expected to join Draft FCB in an unspecified senior role at the recently merged Interpublic Group of Cos. agency, according to executives familiar with the situation.

New management
A Draft spokesman declined to comment on Mr. DeNunzio, but he did confirm that Mr. Centrillo is departing. "Steve is leaving the agency," the spokesman said. "Steve's made many contributions to FCB and we thank him for everything he's done since joining late last year."

The question of who will head the New York office has been one of the most talked-about issues following the merger of direct-marketing agency Draft and traditional ad shop Foote Cone & Belding, which was announced in the spring. Since then, teams from both agencies have been working to shape a new management lineup and develop a go-to-market strategy that's expected to be announced in mid-September.

Employment contract lawsuit
Mr. Centrillo, who joined FCB in 2005, was the subject of an employment contract lawsuit filed by his former employer, WPP Group's Grey, in September of that year. That lawsuit was settled in December.

An Ogilvy representative declined comment on Mr. DeNunzio.

~ ~ ~

Editor's note: The Draft FCB Group confirmed Aug. 30 that Mr. DiNunzio will join Draft FCB as president of its New York office, effective Sept. 11. At press time, the agency declined to comment on Mr. DiNunzio.
In this article: