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NEW YORK: Kraft Foods' beverages, desserts and post division former
president Ann Fudge has replaced WPP Group's Young & Rubicam
and Y&R Advertising chairman-CEO Michael Dolan who has resigned.
Dolan was quoted as saying that the the resignation was a right
move at the right time for him as well as for the company.
An adage report states that Fudge worked with numerous agencies,
including WPP Group's Ogilvy & Mather Worldwide during her stint
at Kraft. She left that job in February 2001; this is her first
chairman and chief executive post. Prior to Kraft, she spent nine
years at General Mills, where she started as a marketing assistant
and rose to the marketing director level. She is supposed to have
good people management skills.
The report states that the Y& R staff was informed about this
development by e-mail. In the e-mail, Dolan outlined the company's
accomplishments since 1996, when he joined as vice chairman and
chief financial officer. He became chairman-CEO of Young & Rubicam
in 2001 and later that year assumed responsibility for Y&R Advertising.
Dolan was quoted as writing that the team has accomplished a great
deal during the last seven years. The achievements, he noted, included
Young & Rubicam's initial public offering, its merger with WPP
Group and the creation of the Y&R/Wunderman alliance.
The company's recent account wins of ChevronTexaco (with $95 million
in billings) and Burger King Corp. ($340 million) were examples
of "Y&R's integrated approach", as per Dolan's e-mail.
Fudge was quoted as saying that she will be looking at [the agency
business] with a different lens.
The adage report also states that Fudge's background in packaged
goods, as well as her knowledge and understanding of how clients
think and approach marketing problems, appealed to WPP's management
as they considered potential successors to Dolan, executives familiar
the search said.
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