Schultz to Lead Western N.A.

Appointment of Campbell-Ewald Vet Clarifies Succession Plan
LOS ANGELES–The Interpublic Group of Cos.’ murky succession plan at Western Initiative Media will become clearer this week when Lou Schultz, vice chairman of Campbell-Ewald, is named CEO of North America.
Schultz declined to comment, but sources said the appointment is a prelude to the 55-year-old assuming CEO duties for the worldwide operation sometime in 2000. The move also positions the agency’s chief operating officer, Mike Lotito, 40, as Schultz’s eventual successor.
Lotito will spend most of his time on day-to-day operations, while Schultz concentrates on growing the company.