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Young & Rubicam’s new life as WPP Group’s third network began with little fanfare and the departure of several top-tier executives from what is now known as the Y&R Group.
Among those exiting the sixth floor of 285 Madison Ave.: Tom Bell, CEO of the former Y&R Inc.; Peter Stringham, the North American CEO; and general counsel Stephanie Abramson, sources said.
Bell, who negotiated the $4.7 billion deal with WPP, is leaving after grossing more than $42 million from the sale of 800,000 shares of agency stock.
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