Publicis Communications has announced that Anil S Nair has stepped down from his position of CEO and managing partner at L&K Saatchi & Saatchi. Nair, a co-founder of Law & Kenneth, will continue as an advisor with the agency.
According to a statement from the agency, Nair will be pursuing his dream and passion of riding and building the biking community in India.
Paritosh Srivastava, currently COO, Publicis Ambience and Publicis Beehive will take over at L&K Saatchi & Saatchi as managing director, with effect from 2 January, 2020.
Srivastava had joined Publicis Groupe in 2011. He took over the role of COO, Publicis Ambience in 2014. In 2018, he was given additional responsibility of leading Publicis Beehive as COO.
Saurabh Varma, CEO, Publicis Communications, India and South Asia, said, “It’s a bittersweet feeling. Anil has had a hankering for biking for many years and I admire his zeal and passion to pursue his dream. He has been an exceptional leader and business partner. I would like to thank Anil for everything he has done for Publicis Groupe. I wish him the very best for his future.”
He added, “It wasn’t an easy task to find Anil’s successor. After evaluating a number of candidates both internally and externally, we found Paritosh to be an incredible fit for this role. I am absolutely confident of his ability to lead and grow L&K Saatchi & Saatchi and take the agency to even greater heights. I wish him the best of luck in his new role.”
Srivastava said, “It has been an incredible journey of over eight years with Publicis Worldwide, leading Ambience and Beehive. I’m thankful to a great set of clients and my wonderful team for making it such an extraordinary journey. LKSS is a powerful brand in the industry with an amazing portfolio of clients. It’s an agency with a wide presence across the country and proven rich talent. I would like to thank all the past leaders and founders who have contributed to making LKSS the force it is and specially Anil for his contribution and continued support. I’m looking to garner support from all our expert partners for LKSS and bring solutions that make a difference to our clients.”
Nair added, “The last 17 years has been nothing short of a dream for me. When we began our journey we never expected to reach where we have reached today. It was a once in a lifetime opportunity to work with the dream team of Praveen, Anil and Sandhya to create the L&K legacy. Today I am happy to handover that mantle to Paritosh and the powerful machinery of Publicis Communications under the leadership of Saurabh Varma. I am happy to do my best to support them in taking the agency to the next level.”
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