TEXT B It is difficult for an
agency as old as J. Walter Thompson, which will mm 140 next year, to record some
firsts at so venerable an age. But it will do just that with a rare changing of
the guard. Thompson, which works for blue-chip advertisers like Diageo, Ford
Motor, Kellogg, Merrill Lynch, Nestl6, Pfizer and Reckitt Benckiser, will
announce today that Bob Jeffrey, president for its North American operations,
will be promoted to chief executive, effective Jan. 1. Mr.
Jeffrey, in being named the ninth chief executive of Thompson since 1864,
succeeds Peter A. Schweitzer, who will become chairman, a post that is now
vacant. Mr. Schweitzer, 64, will also relinquish his duties as worldwide
president to Michael Madel, now president for the Thompson operations in Europe,
the Middle East and Africa. Mr. Jeffrey, 50, will become the first Thompson
chief executive to have spent most of his advertising career outside the agency.
He joined Thompson five years ago as president of the flagship New York office;
he came from the agency now known as Lowe & Partners Worldwide, part of the
Interpublic Group of Companies, where he had been executive vice president and
managing director for the San Francisco office. Mr. Jeffrey, who was also a
founder of the Goldsmith/Jeffrey agency in New York, was promoted to his current
post in 2001. Mr. Madel, 53, will be the first Thompson
worldwide president to be based outside New York, in this case London. Mr.
Madel, who joined Thompson in 1990, adds responsibilities for the Asian-Pacific
operations to the duties of his current post, to which he was promoted in
1997. The changes come as Thompson, the largest agency in the
United States in revenue--and No. 4 globally, behind Dentsu, McCann-Erickson
Worldwide Advertising and BBDO Worldwide---confronts some daunting
challenges. While Thompson has recently gained additional
assignments from clients like Pfizer, the agency has also lost some accounts
from prominent marketers including the Miller Brewing Company division of
SAB-Miller and Sun Microsystems. Thompson has had to shake up the ranks of
senior managers at offices in cities like Chicago, Detroit and San Francisco to
help reassure clients. The agency stumbled in efforts to develop
an entertainment marketing division, dismantling a unit based in New York named
Content@JWT in favor of handling those tasks out of the Detroit office. And
Thompson, like many large agencies, is deemed in need of improving its creative
output, particularly as clients must deal with rapidly changing marketing and
media trend. The challenges include the rise of the finicky
youthful consumer cohort known as Generation Y and the need to develop
alternatives to traditional ad forms as consumers zip, zap and fast-forward
television commercials. One task facing Mr. Jeffrey is to take the J. Walter
Thompson creative product to an even higher ’level. Another is to ensure that
communications solutions for clients are coordinated across all disciplines as
effective as possible. This referred to the Thompson offerings in areas as
disparate as advertising, entertainment marketing, interactive marketing, direct
marketing and health care advertising. Mr. Jeffrey, in a separate interview,
acknowledged the scale and scope of what he would face. "If you
watch the movie Catch Me if You Can set in the 1960’s, you see the prominent
brands are Pan Am and T.W.A.," Mr. Jeffrey said. "Forty years later, look at the
airline industry. If you look at the ad industry, you could prognosticate
something similar," he added. "If we don’t get our acts together, that could be
us." It can be inferred from the passage that the advertisers that J. Walter Thompson works for are______.
A.of the highest quality B.as old as J. Walter Thompson C.advertisers of stock markets D.advertisers of electric products