Krakowsky will take the helm effective January 1 and Roth will move into the executive chairman role
Network's plans differ from WPP and Publicis, which have both ended Covid-related salary cuts.
Operating profit plummeted 84.7% to $40.5 million.
Michael Roth said we are at a tipping point where "meaningful change and progress are being demanded to address a situation centuries in the making."
"Visibility into marketing and media spend is extremely challenging" says CEO Michael Roth.
Media, healthcare marketing, PR and sports and entertainment offerings led growth.
Top news, insights and analysis every weekday
Sign up for Campaign Bulletins