Y&R Advertising, New York, promoted Linda Srere to president-CEO, replacing Steve Davis, who is leaving after less than a year in the job. Ms. Srere had been exec VP-group managing director. Mr. Davis joined Y&R last spring from J. Walter Thompson USA, Chicago, after a prolonged search. The agency had its best year in a decade under Mr. Davis, but insiders said he and the agency never really got comfortable with each other. In a press release, Mr. Davis said he will spend the coming weeks identifying other opportunities.
Copyright January 1997, Crain Communications Inc.