Has anyone told you lately that the ad industry is dying? Jim Heekin has heard that one so many times that it’s almost funny.
This week, the executive chairman of Grey, who led that WPP network for almost 14 years before Michael Houston assumed the CEO role in 2017, announced his retirement after four and a half decades spent in a business he once described as “the last place I wanted to be.”
Adweek spoke to him about the ups, the downs, myth versus reality and working with two very different celebrities: Martin Sorrell and James Patterson.
This interview has been edited for length and clarity.
Adweek: What have you been doing since moving to the executive chairman role?
Jim Heekin: [Laughs] We’ve had a fairly lengthy transition; it’s been about a year and a half. One of the reasons for that is that when I looked around and said, ‘okay, it’s time, and Michael is the guy,’ I thought about my years in the business and realized that I had very rarely seen what I would describe as a good transition. I really was obsessed with doing it right, and a big part of the last year and a half has been seeding it: letting Michael make all the calls and backing off considerably, but being there every day for advice, counsel, questions and the financial piece of everything.
“David Ogilvy used to give these lunchtime chats at the office, and my dad would bring me in, kicking and screaming, to hear him speak.”
Do you feel like you chose the right time to step down?
At this point, [Houston] is 100% running it, and we have spent a lot of time together over the past year; I don’t think I got in his way. I could have left a little sooner, but I think it’s been beneficial for the company and for all involved. We hit a little downtrend 18 months ago along with a lot of other places, but in the last six months we’re seeing that come back dramatically, whether measured in financial, new business or creative terms. We were sixth at Cannes, which isn’t bad for how small we are. I’m not suggesting that Grey is a boutique, but when you compare us to McCann or Ogilvy, we’re half the size. So we punch way above our weight.
Can you talk about how you got into advertising in the first place?
I grew up in New Jersey, and my dad became the (very young) president of Ogilvy. He absolutely idolized David [Ogilvy]. David used to give these lunchtime chats at the office, and my dad would bring me in, kicking and screaming, to hear him speak. The parquet flooring in our house was even modeled after David’s. But dad was part of the Mad Men era, and my reaction to all of that was it was over the top and I would just as soon do something a little different. I did avoid it by becoming a teacher until I got the biggest raise in the school that year. It was $800, which took me to $11,800, and I thought, holy shit, this isn’t going to work. I’ve been a psych major and an English major. I love understanding people and what makes them do the things they do, and that leads you in a pretty straight line to something like advertising anyway. So I started at JWT at 25 in the planning department and never looked back.
How did your career progress so quickly from there?
I’ve found that if one is good, ambitious and aggressive, and if one gravitates toward problems that need to be solved, advertising is an industry where you can move quickly. I have developed a reputation as a fixer; I like problems. God knows advertising has enough of them—and frankly, [it has] too few really good people.