Omnicom CFO comments on PepsiCo account loss

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Omnicom's Chief Financial Officer described the loss of PepsiCo as a disappointment. The media agency had worked with the client for over 25 years, and this business transition is a measurable event in the industry.

Key facts

• Omnicom Chief Financial Officer Phil Angelastro called the loss of PepsiCo a disappointment.
• The media agency had a relationship with PepsiCo that lasted more than 25 years.
• Angelastro made these remarks at Goldman Sachs' Communacopia and Technology Conference.
• The departure of a client like PepsiCo is a measurable event in the advertising and media industry.