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An executive committee has been named to run Archer/Malmo as part of a restructuring that includes the buyout of chief executive officer Ward Archer Jr.
Committee members are president Russ Wil-liams, creative director Gary Backaus and executive vice presidents Cynthia Ham and Mary Caywood. They have assumed day-to-day management duties at the Memphis, Tenn., agency.
Senior vice presidents Buddy Boswell and Jay Cooper are among the six stockholders participating in the buyout, which is expected to extend over the next five years.
Archer, whose father founded the independent shop in 1952, becomes chairman.
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