IPG's Initiative Restructures

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NEW YORK Interpublic Group’s Initiative has appointed Mauricio Sabogal to the new position of worldwide managing director as part of a broader restructuring in which U.S. president Tim Spengler has been elevated to North American president and other executives take on expanded or new global duties.

Sabogal will report to Richard Beaven, worldwide CEO of Initiative, and effectively becomes the No. 2 executive at the agency. “As the worldwide managing director he’s my partner in leading the network,” Beaven said.

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