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Lowe's rollercoaster continues.(Lowe London's employees and it's contract)

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| February 04, 2005 | COPYRIGHT 2005 Haymarket Business Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Paul Weinberger stays put, but Mark Cadman, Russ Lidstone and Nestle have quit the agency.

Paul Weinberger will not join the exodus of senior managers from Lowe London and has opted to remain as the chairman of the agency for the time being.

Weinberger had said he wished to step down as chairman in protest at being kept in the dark about Garry Lace's appointment as chief executive.

But agency sources claimed this week that the chairman had been persuaded to change his mind.

His decision was the single piece of positive news in a bleak week for Lowe, which saw the resignations of its managing director, Mark Cadman, and planning director, Russ Lidstone, and the loss of most of its Nestle confectionery business to JWT.

Cadman had been expected to quit, after being denied the chance to succeed Matthew Bull as the chief executive. Cadman was unavailable to confirm that he had been offered the chief's executive role by fax before Lace's hiring and that he was considering legal action against Lowe for constructive dismissal.

Cadman and Lidstone's departures will fuel speculation about Lowe's future tenure of the pounds 42 million Tesco business. Along with Weinberger, the pair formed the core team on the account.

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