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Post the separation in 12 months, Rupert Murdoch will serve as chairman of both companies. He will be CEO of the media and entertainment company, while Chase Carey will be president and COO
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Effective December 1, Rajamannar will step down after serving in the role for 12 years.
Morris joined the holding company in January 2024.
Accenture Song, Omnicom, Publicis and WPP have been battling for the account.
European Union is the last remaining jurisdiction where Omnicom is poised to win approval.