Frank Lowe loses 2 prospective partners

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[London] In a setback for Frank Lowe's new London agency, prospective partners Mark Cadman and Ed Morris have dropped out. Mr. Cadman, managing director at JWT since he left Lowe London a year ago, has instead decided to join Euro RSCG as London CEO, taking with him JWT's head of planning, Russ Lidstone, who becomes chief strategy officer. It's unclear whether Mr. Cadman will have to serve out his six-month noncompete at JWT before joining Euro RSCG. At Lowe Worldwide, President-CEO Tony Wright issued a press release last week to announce that Ed Morris, Lowe London's executive creative director, is staying at the agency. Lowe parent Interpublic Group of Cos. initially tolerated Mr. Lowe stealing Lowe London's biggest client, the $85 million Tesco supermarket chain, and U.K. Chairman Paul Weinberger, when he announced his return to advertising with a new agency in December 2005. Amid speculation that Mr. Morris was about to leave for the Lowe startup, Interpublic started arbitration proceedings accusing Mr. Lowe of soliciting Lowe staff and clients, and threatened to enforce the noncompete agreements of staffers who leave to join Mr. Lowe (AA, Jan. 16).
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