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NEW YORK Richard Pounder, president and CEO of Alchemy, a Johnson & Johnson roster shop and subsidiary of Lowe, has shifted to a part-time advisory role so he can treat a heart condition that surfaced more than a year ago.
Succeeding Pounder as CEO is Amy Sacks, the Interpublic Group shop’s chief creative officer. Client services chief Kieran Walsh has assumed the president’s title. The moves took effect this month.
“We’re very confident, with Richard’s continued involvement, that the Alchemy team will lead the business effectively,” said Lowe worldwide CEO Stephen Gatfield.
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