Praveen Kenneth, founder and chairman of Law & Kenneth Saatchi & Saatchi has announced his retirement and 'active engagement' from the agency.
The announcement was made on the sidelines of the final sale of his shareholding in Paris. He will be involved over the next six months during the transition, mentoring and guiding the teams
Anil Nair, CEO and managing partner will now be leading the company.
Maurice Levy, chairman of the supervisory board, Publicis Groupe, said, "Praveen has been with us slightly after opening Publicis in India (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.”
Kenneth stated, "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'. We ended up doing everything we set out to do over the last 15 years. And none of that would have been possible without our clients who love us , believe in us and have supported us. And our people. Building from zero, to four offices, 400 plus amazing people and being in the top 10."
He added, "Partnership with Maurice Levy which is so special, who has been my biggest supporter and Publicis Groupe. Winning at Cannes, D&AD, epic pitch wins and first class clients. It's been a dream run. I am sure this will continue in the safe hands of the Publicis Groupe family, Anil Nair our CEO and the leadership team. It is all set to move to even greater heights. When I began my journey 27 years ago, I let life take charge of everything I do. And life has been very kind to me. I have asked and gotten everything and a hundred times more from life. The future is a great opportunity to give back what ever I have been blessed with. And I am looking forward to that, and hope it allows me to give it back, every bit."