Paritosh Srivastava named MD, L&K Saatchi & Saatchi

Paritosh Srivastava, currently COO, Publicis Ambience and Publicis Beehive, will take the reins w.e.f. January 2, 2020. Nair will remain with L&K S&S as an advisor.

Publicis Communications India, the creative hub of the Publicis Groupe, has today made two announcements.

Anil Nair has stepped down from his role as CEO and managing partner, L&K Saatchi & Saatchi. He will remain with L&K S&S as an advisor. He was one of the co-founders of Law & Kenneth and took over as CEO and managing partner of L&K S&S in 2014. Being an avid biker for many years, Anil will be pursuing his dream and passion of riding and building the biking community in India.

Paritosh Srivastava, currently COO, Publicis Ambience and Publicis Beehive will take the reins of L&K Saatchi & Saatchi as managing director, with effect from January 2, 2020. Paritosh comes with 2 decades of experience across agencies like Ogilvy, Rediffusion Y&R and Publicis World Wide. Paritosh joined Publicis Groupe in 2011. He took over the role of COO, Publicis Ambience in 2014. In 2018, Paritosh was given additional responsibility of leading Publicis Beehive as COO.

On Anil stepping down and moving to an Advisor role Saurabh Varma, CEO, Publicis Communications, India & South Asia, says, “It’s a bittersweet feeling. Anil has had a hankering for biking for many years and I admire his zeal and passion to pursue his dream. He has been an exceptional leader and business partner. I would like to thank Anil for everything he has done for Publicis Groupe. Being a part of the CLT of Publicis Communications, Anil truly honed “The Power of One” which has helped build LKSS to one of the top agencies in the country today. I wish him the very best for his future.”

On appointing Paritosh Srivastava as the new MD of L&K Saatchi & Saatchi, he said, “It wasn’t an easy task to find Anil’s successor. 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. I am absolutely confident of his ability to lead and grow L&K Saatchi & Saatchi and take the agency to even greater heights. I wish him the best of luck in his new role.”

Said Paritosh Srivastava, on his new role, “It has been an incredible journey of over 8 years with Publicis Worldwide, leading Ambience and Beehive. I’m thankful to a great set of clients and my wonderful team for making it such an extraordinary journey.

LKSS is a powerful brand in the industry with an amazing portfolio of clients. It’s an agency with a wide presence across the country and proven rich talent. I would like to thank all the past leaders and founders who have contributed to making LKSS the force it is and specially Anil for his contribution and continued support.

With the ‘Power of One’ already delivering great success under Saurabh’s guidance and vision across the Groupe, I’m looking to garner support from all our expert partners for LKSS and bring solutions that make a difference to our clients.”

On stepping down as CEO and moving to the role of Advisor, Anil S Nair said, “The last 17 years has been nothing short of a dream for me. When we began our journey we never expected to reach where we have reached today. It was a once in a lifetime opportunity to work with the dream team of Praveen, Anil and Sandhya to create the L&K legacy. Today I am happy to handover that mantle to Paritosh and the powerful machinery of Publicis Communications under the leadership of Saurabh Varma. I am happy to do my best to support them in taking the agency to the next level.”