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Publicis Chief Maurice Levy to Step Down in 2011

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MediaGuardian.co.uk. got the scoop on Publicis CEO Maurice Lévy‘s impending departure &#151 which they’ve confirmed with the man himself.

“‘My contract is finishing at the end of 2011 and you can say that I will not be seeking a new term,’ said Lévy, speaking to MediaGuardian.co.uk. ‘There are strong candidates [inside Publicis Groupe] but it will be up to the board to make the decision and choose. As far as I’m concerned what I can do is make a recommendation which I will do.’”

Levy, who has been with the company 40 years, has spent the last 20 in the top seat. He’ll step back in 2011, when he may or may not stay on in an advisory role. A successor has not been chosen.

More:Franklin Tipton Leaving Goodby for Publicis Mojo

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