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Joe Magnemi joined CDM as controller in 1992 at a time when the company was growing exponentially and needed to develop its financial information systems. He was hired not only for his expertise in this area but also for his background in advertising.
Starting in 1980, Joe spent his first years in the business with the consumer agency Benton & Bowles. As the company moved to computer-based financial reporting systems, Joe experienced this transition firsthand.
Joe's next stop in 1984 was with medical advertising giant William Douglas McAdams, the leader and pioneer in medical advertising under the leadership of Med Ad News hall-of-fame inductee Dr. Arthur M. Sackler. As Client Accounting Manager, Joe cut his teeth on developing client compensation agreements with industry leaders such as Pfizer, Hoffman LaRoche, Hoechst, and Glaxo. He also developed the company's first sales and cost database for their medical education division.
Joe was promoted to Chief Financial Officer at CDM in 1997, when the Omnicom Corporation acquired the company. His current responsibilities include the management of the Finance Department, the development of client compensation agreements, and all financial reporting to CDM's management team and parent company, Omnicom.
Joe received his BS in accounting from West Liberty State College. He served as treasurer of the Datatrak User Group from 1998 to 2002. Joe is an avid sportsman, having played baseball in college and semi-pro until the ripe old age of 29. Now, as family life has caught up with him, he enjoys a good round of golf, bicycling, hiking, and fishing. Joe lives in Pleasantville, NY, with his wife and two sons.
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