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NEW YORK New Lowe worldwide CEO Stephen Gatfield will lead the agency for just three years, and, in the final year, he will hand off to a successor, said agency parent Interpublic Group in a Thursday filing with the Securities and Exchange Commission.
“It is understood that the final year of the Lowe assignment will involve the transition of executive responsibilities to successor Lowe Worldwide management,” IPG said in the filing, known as an 8-K.
The document, which also details how Gatfield will be compensated in his new role, comes a week after IPG confirmed that Gatfield, an executive vice president at the corporate level, had replaced Tony Wright as CEO.
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