IPG Picks Coughlin as COO

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NEW YORK The Interpublic Group has found its COO: Chris Coughlin, CFO at Pharmacia and a former top executive at Nabisco.

The hiring comes a day before IPG is to announce earnings for the first quarter of 2003. According to Thomson Financial Network, IPG earnings are estimated to be down 61.1 percent from the year-ago quarter, ended March 31. The average estimate among 11 analysts, Thomson noted, is 7 cents a share (with low estimate at 4 cents and high at 10 cents.)

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