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DraftWorldwide president and COO Jordan Rednor, who led the agency’s late-1990s acquisition spree, is leaving to take an unspecified role at Interpublic Group.
Sources said Rednor, a financial specialist with a banking background but no strong client ties, is being moved “up and out.”
CEO Howard Draft denied that was the case. Last week, he acknowledged the Chicago-based IPG shop has halted acquisition activity amid the economic down turn, and that not all of the purchases made by the agency were winners.
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