Mr. Selkowitz, 59, had been chairman-CEO of D'Arcy Worldwide when he was named to his current post in 2000 following the merger of the MacManus Group and the Leo Group that formed what is now Bcom3 Group.
Benton & Bowles
He began his career with Benton & Bowles in 1971 and has been with the agency for all but seven years, when he ran his own shop, Penchina, Selkowitz, from 1983 to 1989. Mr. Selkowitz rejoined his former shop in 1990 after it had become D'Arcy Masius Benton & Bowles as executive vice president and was made the first global account driector for Procter & Gamble Co.
In 1996, Mr. Selkowitz became president of D'Arcy North America and a year later took the reins of D'Arcy Worldwide as chairman-CEO. He is credited with leading D'Arcy's expansion into Central and Eastern Europe and Asia Pacific.
"During the formative days of Bcom3, I asked Arty to help me with a number of significant clients and organizational issues," said Roger Haupt, Bcom3 chairman-CEO, in a statement. "He has been invaluable to me as a wise counselor, troubleshooter and good friend."
Mr. Selkowitz and his wife, Betsey, will continue to reside in Stamford, Conn.
The move is not related to Bcom3's pending buyout by French holding company Publicis Groupe, a Bcom3 spokesman said. However, layoffs have been expected and could be announced shortly after the deal closes next week. Bcom3 shareholders will vote Friday to approve the merger and the deal will close by no later than Sept. 25, the spokesman said.