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Frank Lowe Launches New Agency

Paul Weinberger, chairman of the London office of Interpublic Group’s Lowe, has resigned his post, and is reportedly to become a partner at a new agency being founded by Frank Lowe, the founder and former global chairman of Lowe, according to Adweek. Weinberger was top executive on Lowe’s pan-European Tesco account, which spends nearly $80 million a year in measured media. A source said Lowe’s revenue from the account was around $8 million.

Tesco executives will meet with Lowe London about the reported changes, said a source. Weinberger is the third Lowe executive to leave the London office this year.

Frank Lowe founded Lowe Howard-Spink in 1981 and remained with the agency when it was acquired by IPG in 1990. He was global chairman of Lowe when he retired in 2003.