Interpublic and Garry Lace close to final settlement

Interpublic Group (IPG) is understood to be close to making a decision on the future of Lowe London chief executive Garry Lace nearly a month after the original decision was due. It is thought that Lace has already left the agency without any punitive sanctions against him, and that the investigation instigated against him by Lowe London ten weeks ago has failed to reach any firm conclusions. Lace was suspended from the agency in February pending an investigation into rumours that he had held talks with Lowe founder Sir Frank Lowe about launching a start-up and taking Lowe's prized Tesco account with him.