WPP Deal Begs Question: Who's In Line At Grey?

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Sorrell unveils details of acquisition, but succession plan still uncovered

As WPP Group revealed details of its winning acquisition bid for Grey Global Group last week, at least one aspect of that explanation raised more questions than the London holding company answered.

Steve Blamer, Grey Worldwide’s North America president and CEO—and heir apparent to the company’s longtime CEO, Ed Meyer—wasn’t even mentioned as WPP said Meyer’s successor will most likely be named by mid-2005, six months after the expected closing by year’s end of WPP’s acquisition of Grey.

When asked about the time line to name a worldwide CEO of Grey...



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