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NEW YORK Lowe London CEO Garry Lace has been suspended indefinitely, as the agency and parent company Interpublic Group investigate allegations that Lace met several times with former chairman Frank Lowe to discuss the agency’s Tesco account before Lowe launched his agency in December, sources said.
The suspension comes a week after IPG installed evp Stephen Gatfield as worldwide CEO of Lowe, replacing Tony Wright, who shifted to chairman.
It is believed that Lace was suspended with pay on Thursday and that the shop would confirm the action when it re-opens on Friday.
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