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IPG Shifts Toward Insider Board
NEW YORK—The exit of four “insiders” from Interpublic Group’s board of directors last week signals a shift toward a board dominated by outsiders—a move that resonated with industry analysts. The installation of MONY Group CEO Michael Roth further underscored the shift, which leaves a nine-member board with just two insiders: IPG CEO John Dooner and his CFO, Sean Orr. The departing directors are IPG vice chairman David Bell, 58; McCann-Erickson WorldGroup CEO Jim Heekin, 52; Lowe chairman Frank Lowe, 61; and Foote, Cone & Belding Group CEO Brendan Ryan, 59.
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