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Peter Morrissey last week resigned as president of Clarke & Co., ending a 20-year run with agency founder, chairman and chief executive officer Terry Clarke.
Morrissey, who plans to strike out on his own, was a major shareholder in the public relations shop. His stake has been cashed out, both executives said during a joint interview last week. Morrissey also agreed to noncompete contingencies, he said.
Clarke will assume Morrissey’s title. Three executive vice presidents– Ellie Holman, Brian Delaney and Lynn Kettleson–are expected to stay on.
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