Amid the usual welter of mutual admiration, advertising doyen Sir Frank Lowe on Friday cut the final ties between himself and the agency network he founded twenty-two years ago.
At the beginning of this year, Lowe (62) resigned from the board of Interpublic Group, the holding company that now owns his agency, although remaining in situ as non-executive chairman and consultant to Lowe & Partners Worldwide.
Said Lowe (with what just might have been a subtle sting in his sayonara): “My heart will always be in my agency. I take a great amount of pride in what we have accomplished as an agency and confidence in all the next generation of management has yet to achieve.”
But the agency’s worldwide chief executive Jerry Judge was all eulogy, describing Sir Frank as “a legend in our business”. His peroration continued: “No single person could ever replace him, but the team he put in place is committed to ensuring his values are maintained and built upon.”
The irreplaceable Sir Frank has, however, been replaced. By Adrian Holmes who takes over as chairman with immediate effect. Terry Rosenquist becomes vice-chairman.
Data sourced from: MediaGuardian.co.uk; additional content by WARC staff