Richard Edelman

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Richard Edelman
Richard W. Edelman - World Economic Forum Annual Meeting 2011.jpg
Edelman in 2011
Born
Richard Winston Edelman

June 1954 (age 70)
Chicago, Illinois, U.S.
Education Phillips Exeter Academy
Harvard University (AB)
Harvard Business School (MBA)
TitlePresident and CEO, Edelman
Term1996–
Spouses
Rosalind Anne Walrath
​
​
(m. 1986;div. 2015)​
​
​
(m. 2017)​
Children3
Parent(s) Daniel Edelman
Ruth Ann Rozumoff
Website Richard Edelman

Richard Winston Edelman (born June 1954) is an American businessman, and the president and chief executive officer of public relations company Edelman, a company founded by his father, since 1996.

Contents

Personal life

Edelman was born in June 1954, [1] to a Jewish family, the son of Ruth Ann (née Rozumoff) and Daniel Edelman, the founder of the public relations company, Edelman. [2] [3] [4] He was educated at Phillips Exeter Academy. [2] [3]

On May 18, 1986, he married Rosalind Anne Walrath in a Jewish ceremony at the Harvard Club of New York City. [5] His wife is the daughter of the then-creative director of advertising agency JWT, and was a vice president at the investment bank Keefe, Bruyette & Woods when they wed. [3] He has three daughters, [6] Margot, Tory, and Amanda. [7] In 2008, he was diagnosed with prostate cancer, and had successful surgery. [8] In 2015, it was announced that Edelman and Walrath were getting divorced. In 2017, Edelman married Mexican public servant Claudia Romo González, [9] and the couple lives in Manhattan. [10] Claudia had two children, Joshua and Tamara, in her previous marriage.

His two siblings, John and Renee, are also executives at Edelman, making Edelman the largest private, family-run public relations firm in the world. [11] His daughters, Margot and Tory, both work for the firm. [12]

Career

Richard Edelman joined the Edelman firm in 1978 after receiving his MBA from Harvard, where he had also studied as an undergraduate. [2] He had intended to take a job in marketing at Playtex, but his father persuaded him to join the family business. [6] He was an executive at Edelman by 1981 and in 1983, was appointed president of Edelman's New York office. [13] [14] He was appointed president of the company in 1985, and his father remained as chief executive officer . At that time, the company's income was only $14.2 million. [2] He pledged to keep the company independent at a time when many other PR companies were being bought by advertising agencies. [15] He later became the regional manager of Europe before being promoted to chief executive officer in September 1996, a post he still holds. [16]

Edelman is a regular attendee at the World Economic Forum 's annual meeting in Davos, having been nine times by 2007. [17] In a January 2012 presentation, his main message was that, based on a survey by his company, the public do not trust governments and business executives anymore - they are the least trusted of any group. [18]

Social media

Edelman was one of the first PR practitioners to identify the importance of social media and create a specialist practice. [19] He coined the phrase circle of cross influence to describe how people are increasingly influenced by other people, the internet, new media and cable TV, rather than mainstream media. [20] [21] He has written a blog since 2004, and is one of the first chief executive officers to do so. [22] [23] In 2007 PRWeek described his blog as one of the better-known PR blogs, in part due to some of his posts being controversial. [17]

He has advised the Canadian tar sands industry how to counter negative PR from NGOs using social media. [24]

Appointments

Edelman is a member of the board of directors of the Ad Council and the Atlantic Council. [25] Edelman sits on the board of the Children's Aid Society, the International Business Leaders Forum, the Gettysburg National Battlefield Foundation and the National Committee on United States-China Relations. He is a member of the World Economic Forum, the Arthur Page Society, the PR Seminar and a director of the Jerusalem Foundation. [26] [27] In 2009 Edelman was appointed executive jury chair of a new award recognizing the creative use of unpaid publicity, given at the Clio Awards. [28]

Awards

In September 2014 he was inducted into the Arthur W. Page Society Hall of Fame. [29]

In March 2019 he was named "Agency Pro of the Last 20 Year." by PRWeek. [30]

Views

Shortly after the mortgage lending crisis, Edelman said that financial institutions have a PR problem. He claimed that financial institutions rank lowest on the company's trust barometer, because they don't explain the how and why of their actions to the public. [31] Richard Edelman spends about an hour per day voicing his views on the company blog that he started to set an example for his clients. [32]

Edelman helped raise donations for the Vietnam Veterans Memorial. [33]

In 2022, Edelman was sanctioned by the Russian Government in retaliation for US sanctions in response to the Russian invasion of Ukraine. [34]

References.

  1. ↑ "DANIEL J. EDELMAN LIMITED". GOV.UK. Find and update company information. 7 January 2022. Retrieved 2 November 2023.
  2. 1 2 3 4 Dougherty, Philip H. (14 June 1985). "A Promotion At Edelman". New York Times. Retrieved 16 February 2012.
  3. 1 2 3 "Miss Walrath Weds Richard Edelman". New York Times. 18 May 1986. Retrieved 16 February 2012.
  4. ↑ "Daniel J. Edelman Dies at 92". 15 January 2013.
  5. ↑ "Miss Walrath Weds Richard Edelman". The New York Times. 18 May 1986. ISSN   0362-4331 . Retrieved 7 April 2019.
  6. 1 2 Barker, Sophie (6 August 1999). "PROFILE: Richard Edelman, Edelman PR Worldwide - Taking hold of the family firm. Richard Edelman has overseen a recent string of walkouts and a steady growth". PRWeek. Archived from the original on 18 March 2012. Retrieved 12 March 2012.
  7. ↑ Bruell, Alexandra (11 December 2012). "Six Things You May Not Know About Dan Edelman and His Agency - Lessons From 'Edelman and the Rise of Public Relations". AdAge. The new wave of leaders at Edelman will likely include three young women who share the company name: Richard and Roz's three daughters, Margot, Tory, and Amanda
  8. ↑ Krieger, Candice (10 October 2008). "Why the PR guru sees an upbeat story". The Jewish Chronicle. Retrieved 12 March 2012.
  9. ↑ "Claudia González Romo, Richard Edelman". The New York Times . 17 September 2017. Retrieved 5 September 2024.
  10. ↑ "Claudia González Romo, Richard Edelman". The New York Times . 17 September 2017. Retrieved 5 September 2024.
  11. ↑ H. Lee Murphy (17 October 2005). "Edelman; public relations, Chicago". Crain's Chicago Business.
  12. ↑ "Edelman: Agency Business Report 2014 - Edelman crossed the threshold of employing more than 5,000 people in 2013 and continued on its global growth path". PRWeek. 1 May 2014. Richard's eldest daughter Margot, a VP in research at Edelman Berland, rejoined the firm in 2013 after a stint at business school. She works across clients such as Hearst and New York City FC's Major League Soccer team. Tory Edelman started in fall 2013 as an account executive in New York working on Starbucks and Dove.
  13. ↑ Dougherty, Philip H. (20 December 1983). "Advertising - People". New York Times. Retrieved 16 February 2012.
  14. ↑ "Around the World; Nestle Said to Have Paid For Rights Nominee's List". New York Times. 28 May 1981. Archived from the original on 13 November 2013. Retrieved 16 February 2012.
  15. ↑ David Snyder (14 September 1987). "Dan Edelman: Playing at the Top of His Game". Crains Chicago Business. p. 25.
  16. ↑ "Richard Edelman Biography". Edelman . Archived from the original on 7 February 2012. Retrieved 16 February 2012.{{cite web}}: CS1 maint: unfit URL (link)
  17. 1 2 Hannah Marriott (26 January 2007). "Profile: Blogosphere's Darling - Richard Edelman, president and global CEO, Edelman". PR Week.
  18. ↑ Lewis, Al (25 January 2012). "Lewis: A PR guy we can trust". Dow Jones Newswires. Retrieved 12 March 2012.
  19. ↑ Shel Holtz; John C. Havens (2009). Tactical transparency: how leaders can leverage social media to maximize value and build their brand. International Association of Business Communicators/John Wiley and Sons. pp. 34–. ISBN   978-0-470-29370-6 . Retrieved 16 February 2012.
  20. ↑ Sina Odugbemi; Thomas L. Jacobson (2008). Governance reform under real-world conditions: citizens, stakeholders, and voice. World Bank Publications. p. 244. ISBN   978-0-8213-7456-6 . Retrieved 16 February 2012.
  21. ↑ "Keeping It Simple in a 25/8 World". New York Times. 28 January 2012.
  22. ↑ Bob Walsh (5 February 2007). Clear blogging: how people blogging are changing the world and how you can join them. Apress. pp. 132–. ISBN   978-1-59059-691-3 . Retrieved 16 February 2012.
  23. ↑ Nancy Flynn (2006). Blog rules: a business guide to managing policy, public relations, and legal issues. AMACOM Div American Mgmt Assn. pp. 183–. ISBN   978-0-8144-7355-9 . Retrieved 16 February 2012.
  24. ↑ Sweeny, Alastair (20 April 2010). Black Bonanza: Canada's Oil Sands and the Race to Secure North America's Energy Future. John Wiley and Sons. pp. 221–. ISBN   978-0-470-16138-8 . Retrieved 16 February 2012.
  25. ↑ "Board of Directors". Atlantic Council. Retrieved 11 February 2020.
  26. ↑ "Richard Edelman profiled in The Holmes Report". Edelman.com. 31 March 2009. Archived from the original on 15 December 2010. Retrieved 12 March 2012.
  27. ↑ "The Jerusalem Foundation, Inc. (USA)". Jerusalemfoundation.org. Archived from the original on 20 January 2012. Retrieved 12 March 2012.
  28. ↑ "Clio Awards Adds PR Category". Adweek. 15 January 2009. Retrieved 12 March 2012.
  29. ↑ "Richard Edelman Inducted into Arthur W. Page Society Hall of Fame". page.org. Retrieved 27 July 2019.
  30. ↑ "12. Richard Edelman". www.prweek.com. 1 July 2019. Retrieved 27 July 2019.
  31. ↑ Alain Sherter, Bnet. "PR Man Richard Edelman Says Banks Have a Perception Problem. Wrong" October 13, 2009.
  32. ↑ Debbie Weil, Social Media Insights Blog. Q & A with CEO blogger Richard Edelman. October 2, 2007
  33. ↑ "Company Histories & Profiles: Edelman". Funding Universe. Retrieved 6 January 2012.
  34. ↑ "Russia puts Richard Edelman and other global PR CEOs on latest sanctions list | PR". Campaign Asia. Retrieved 30 April 2023.


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