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NEW YORK Lowe London CEO Garry Lace has been suspended while the agency investigates “certain matters that have come to the company’s attention,” the Interpublic Group shop confirmed on Friday.
The agency did not elaborate, but sources said Lowe and IPG were probing 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.
Lace, who could not be reached, was suspended indefinitely on Thursday [Adweek Online, March 2].
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