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J. WALTER THOMPSON TO SHUFFLE MANAGEMENT IN NEW YEAR

Bob Jeffrey will become chief executive officer of J. Walter Thompson of New York on Jan. 1, 2004. Jeffrey will replace current president and CEO Peter Schweitzer, who will become chairman at that time. Michael Madel will replace Schweitzer as president. He will also continue to lead the company's operations in Europe, Middle East and Africa. J. Walter Thompson has 304 offices in 146 cities.

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