Ann Fudge steps down as head of Y&R advertising network

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New York—Ann Fudge will step down from her position as chairman-CEO of Y&R advertising, according to a statement issued by the agency. She will retain her position as chairman-CEO of Young & Rubicam Brands, under a three-year contract that ends in May 2006. Young & Rubicam Brands is the parent company of Y&R, direct marketing firm Wunderman, branding and identity consultancy Landor, and public relations firm Burson Marsteller.

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