Interpublic-owned sports marketing specialist, Octagon Worldwide, has moved its global headquarters from London to New York with immediate effect.
The firm’s co-founder Frank Lowe retains Octagon’s chair but stands down as chief executive in favor of co-founder colleague, New York-based Les Delano.
At the same time, Interpublic sugared Lowe's shunting from his executive positions in Octagon and Lowe Lintas & Partners Worldwide – also founded by Lowe – by renaming the latter Lowe Worldwide. The new appellation takes effect in January.
News source: AdAge.com