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Frank Lowe Steps Down as Chief Executive of Firm

By Published on .

NEW YORK (AdAge.com) -- Interpublic Group of Cos.' sports marketing firm, Octagon Worldwide, is moving its global headquarters to New York from London.

The move, announced today, is effective immediately.

Additionally, Octagon co-founder Frank Lowe is handing over his responsibilities as chief executive to Les Delano, also an Octagon co-founder. Mr. Delano will be based in New York. Mr. Lowe remains chairman.

Additionally, Interpublic said today Lowe Lintas & Partners Worldwide will be renamed Lowe Worldwide in honor of Mr. Lowe, the agency's founder. The new name becomes official in January.

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