Publicis Communications India, the creative hub of the Publicis Groupe, on Thursday announced that Anil S Nair has stepped down from the role of chief executive and managing partner, L&K Saatchi & Saatchi. He will remain with the agency as an advisor.
Paritosh Srivastava, currently chief operating officer (COO), Publicis Ambience and Publicis Beehive will take over the role of L&K Saatchi & Saatchi as managing director with effect from 2 January, 2020.
Nair was one of the co-founders of Law & Kenneth, and took over as CEO & managing partner of L&K S&S in 2014. Being an avid biker for many years, he will be pursuing passion of riding and building the biking community in India.
On Nair stepping down and moving to an advisor role Saurabh Varma, chief executive, Publicis Communications, India & South Asia, said, “After evaluating a number of candidates both internally and externally, we found Paritosh to be an incredible fit for this role. His powerful business acumen skills and his ability to deliver on the “Power of One" through cross-functional collaboration and integration is why we believe Paritosh to be the perfect fit."
With two decades of experience across agencies such as Ogilvy, Rediffusion Y&R and Publicis Worldwide, Srivastav 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.
“I’m looking to garner support from all our expert partners for LKSS and bring solutions that make a difference to our clients," Srivastava said.