Initiative Switches CFOs

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NEW YORK — Six months after joining The Lowe Group as chief financial officer, Suzanne Gilbert is moving to Interpublic Group of Cos. sibling Initiative Media Worldwide to become vice chairman and CFO.

Gilbert replaces Joseph Studley, who is expected to become CFO of The Partnership, sources said. The Partnership is the new group of agencies formed as a result of IPG’s acquisition of True North Communications.

The move also comes as IPG embarks on a sweeping reorganization resulting from its acquistion this week of True North.



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