Is Steve Caputo Out at Arnold?

Multiple sources are telling us that after just 18 months, Arnold creative director Steve Caputo is no longer with the agency. Caputo joined Arnold from R/GA, where he worked for seven years and last held the title of creative director on accounts including Nike+, Nike Basketball, Intel and Chanel. The Arnold camp, thus far, is keeping schtum on Caputo’s status, but tipsters are saying that the creative was let go due to “financial reasons.” All calls to Caputo have been met with automated voicemail (that seems to be a recurring theme this week, and from what we’ve learned, it’s not because that they’re just out to lunch). Anyhow, we’re digging in so stay tuned if you’d like.