The global communications giant Publicis is stopping its investments in Russia and has ceded control of its agencies in the country to local management, in order to preserve the jobs of its 1,200 employees, the group announced on Tuesday.
Publicis “
transfers
” its activities in the country to Sergey Koptev, president and founder of Publicis in Russia, it is specified.
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"
By selling our operations in Russia to Sergey, we are immediately stopping our activities in Russia and we are ensuring that our employees have a future within this new organization
", explained the chairman of the management board of Publicis Arthur Sadoun, quoted in the press release. .
“
They are also part of the group and we could not abandon them
,” he added, specifying that it was a “
contractual commitment
”.
"
Since the start of the invasion, we have strongly condemned Ukraine's unilateral aggression and worked on a solution to disengage from our operations in Russia
," said Arthur Sadoun.
Listed on the Paris Stock Exchange within the CAC 40 index, Publicis is present in more than 100 countries with 87,000 employees, including 350 in Ukraine.
"
We are in daily contact with each of them and are doing everything we can to protect them
," said Arthur Sadoun.