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(Sept. 7, 2001) -- Linda Srere, 46, president and chief client officer of WPP Group's Y&R Advertising, New York, announced she was leaving the company today.

"When I hit my 45th birthday last August, I thought, OK, I'm 45 years old, I want to do something different," Ms. Srere told AdAge.com. "I am entrepreneur at heart. I will stay in the business or something related to it. Clients, creative work, who knows? Maybe I'll learn how to make baskets, weaving. ... I might have some brainstorm."

Ms. Srere joined Y&R in September 1994 as executive vice president and director of business development. Prior to that, she had been chairman of Earle Palmer Brown, New York.

At Y&R, Ms. Srere quickly climbed the career ladder, named to group managing director in 1996 to work on the agency's global new business, and one year later she become the first female president and CEO of Y&R's New York office.

Before Young & Rubicam Inc.'s acquisition by WPP Group, Ms. Srere was vice chairman and chief client officer of the company.

Ms. Srere's departure leaves a visible gap in the agency's leadership, which the agency is not planning to fill, an agency spokeswoman said. Instead, duties will be parceled out to other senior executives.

Ms. Srere is married to Jeb Brown, president and CEO of Earl Palmer Brown. They live in New York and own a horse ranch in New Mexico, where she plans to spend much time with her thoroughbreds. -- Richard Linnett and Lisa Sanders

Copyright September 2001, Crain Communications Inc.

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