In this part-time permanent position Mr. Geier will concentrate on deals concerning consumer-focused businesses, and he will also consult on private and principal investments as well as capital markets.
Until December 2000, Mr. Geier was Interpublic's chairman-CEO, a position he assumed in 1981. Over the years, he completed more than 150 acquisitions for the company.
Mr. Geier said that three investment banks approached him about possible employment. He chose Lazard because the firm is staffed "with idea-generating people, and it is also in the process of globalization, and is European in style and feel," he said. During his tenure with Interpublic, Mr. Geier lived overseas for a decade.
As a senior adviser to Lazard, Mr. Geier will continue to consult with certain Interpublic clients in his position as chairman emeritus.