Omnicom Group Inc. (OMC) Appoints Tom Schwenger Health Marketing CEO

Dana Maiman is stepping down as CEO of Omnicom Health after 11 months. Tom Schwenger, former Veeva Systems president, will lead the marketing business. Omnicom is searching for a new leader for its Specialty business. Maiman previously built IPG Health into a major player before its acquisition by Omnicom.

Omnicom reported Q3 2026 revenue of $6.4B, with core operations revenue up 7.2% YoY to $6B. Total revenue for the year is $19.2B, up from $11.7B in 2025. Operating costs rose $5.4B YoY to $16.7B. The company expects $900M in cost reductions for 2026. Integrated media accounts for 53% of core operations revenue.

Omnicom has won the media business of Coca-Cola in the U.S. and Canada, following PepsiCo's decision to end a 30-year partnership with the company. This shift highlights Omnicom's ability to secure major clients in the beverage industry.

Omnicom reaffirmed its 2026 organic core revenue growth forecast at 5% and a $900 million synergy goal. Q3 2026 core revenue grew 7.2%, totaling $6.01 billion. Adjusted EBITDA rose 21.1% to $1.10 billion, with EPS up 21.9% to $2.73. The company expects 75-85% of synergies to impact the bottom line.

Omnicom reports substantial completion of its IPG acquisition, expecting $900M in cost savings. Q3 revenue grew 7.2% to $6B, with media leading at 10% growth. Coca-Cola awarded Omnicom its NA media duties, while PepsiCo moved to Publicis. Executive departures impacted advertising revenue, which declined in the mid-single digits.

Omnicom Group Inc. reported 3Q 2026 revenue of $6.42B, up 59.1% YoY, and net income of $656M, up 92.2%. EPS was $2.38, compared to $1.75 a year earlier. Growth was driven by IPG's inclusion and organic growth. Integrated Media was the largest revenue contributor.