Schultz on Hunt for Lotito's Replacement at Initiative

Initiative Media’s Lou Schultz within two weeks will replace Mike Lotito, who resigned as president/COO of the Interpublic Group media agency’s U.S. operation last week to take a role at parent IPG.

Like Lotito, whoever becomes pres ident of Initiative Media North Amer ica will also be a leading candidate to succeed agency chairman and CEO Schultz when he retires.

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