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PETER SCHWEITZER TO RETIRE FROM J. WALTER THOMPSON

Chairman Is 30-Year Agency Veteran

By Published on .

NEW YORK (AdAge.com) -- Peter Schweitzer, chairman and 30-year veteran of J. Walter Thompson Co., will retire at the end of the year, the company said.

Before becoming chairman Jan. 1, Mr. Schweitzer spent three years as president-CEO of the WPP Group agency and earlier headed the agency's Ford Motor Co. account for 18-plus years.

Bob Jeffrey, global CEO, praised Mr. Schweitzer's handling of the Ford account and its phenomenal growth as JWT's largest piece of business.

"Peter's record on Ford is probably his biggest legacy to the agency."

Mr. Jeffrey declined to comment on industry predictions that he'd succeed Mr. Schweitzer as chairman.

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