OMD seeks CEO; drops Unilever bid

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Omnicom Group's Optimum Media Direction Worldwide is conducting a search for a CEO, a position that will be vacated by Daryl Simm as he concentrates on his duties as CEO of Optimum Media Group, an umbrella company for Omnicom's media operations OMD and PhD. In an unrelated development, OMD dropped out of Unilever's estimated $525 million review approximately one month ago, according to an OMD executive. The list is down to Initiative Media Worldwide and MindShare.

Copyright October 2000, Crain Communications Inc.

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