Praveen Kenneth to exit L&K Saatchi & Saatchi

13 Oct,2017

By A Correspondent

 

Praveen Kenneth

Praveen Kenneth, Founder and Chairman of Law & Kenneth, which was the largest and one of the most successful Independent communication companies in India, before becoming a part of Publicis Groupe in January 2014,  to create L&K | Saatchi & Saatchi, announced his retirement from active engagement on the sidelines of the final sale of his shareholding, in Paris. That’s officialese for Kenneth’s earn-out period ending and his decision to move on from the group. He will be involved over the next six months during the transition, mentoring and guiding the teams

 

Anil Nair, CEO and Managing Partner, has been groomed over the past two years and will take the company forward.

 

Commenting on this from Paris, Maurice Levy, Chairman of the Supervisory Board, Publicis Groupe said: “Praveen has been with us slightly after opening Publicis in India (in 1999) and had led the agency to growth and creative excellence. He then decided to launch Law & Kenneth ( 2002),which also has been a great success. The acquisition of his agency and the merger with Saatchi and Saatchi ( in 2014), has allowed building a superb agency we are all proud of. Praveen is a leader, a real ad man, always led by the interest of the clients. I developed a great personal relationship with Praveen and wish him the very best.”

 

Commenting on his retirement from Paris, Kenneth said: ”The incredible success story of Law & Kenneth and L&K| Saatchi & Saatchi,  has been nothing less than a magical testimony of “making the Impossible, possible”.

 

It speaks volumes for Kenneth’s capabilities and the fact that Levy and the world recognised it that even as Publicis Groupe acquired Law & Kenneth, it merged with the beleaguered India operations of Saatchi & Saatchi and gave Kenneth and his team management control of the merged entity.

 

Kenneth is said to be starting life anew and increase his investments in the media ecosystem.

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