NEW YORK - The world's third largest agency holding company announced that board member Richard Goldstein will replace Frank Borelli as presiding director of its board at the annual shareholder meeting in May.
   Goldstein, who joined Interpublic Group's board in 2001, is ceo of International Flavors & Fragrances.
   Borelli (70) stepped-up to presiding director in November 2002 after IPG revealed an $181.3 million (€149.7m; £104.3m) accounting imbalance which triggered an ongoing investigation by the US Securities and Exchange Commission.