In the wake of WPP Group's recent $4.5 billion acquisition of Young & Rubicam, come the first of the inevitable management changes.
According to a leaked internal memo, vice chairman and chief client officer at the parent company Linda Srere is to fill the newly created role of president and chief client officer of Y&R Advertising. She joins Ed Vick, former chairman and chief creative officer, who last week returned to Y&R Advertising as chairman and chief executive. Peter Stringham’s role as chief executive of Y&R North America remains unchanged.
News source: Wall Street Journal