HEADLINES: Steigrad named A-P chairman of DYR

<p>Mr Peter Steigrad has been appointed chairman of Y&R Advertising </p><p>for the Asia-Pacific region and chairman/CEO of DY&R, effective </p><p>immediately. </p><p><BR><BR> </p><p>He replaces Mr Etienne Boisrond, who has decided to take a six-month </p><p>sabbatical with his family in Europe. He will return to take a new </p><p>senior post within Young & Rubicam Inc. </p><p><BR><BR> </p><p>Mr Steigrad previously headed Y&R's Australia and New Zealand operations </p><p>since 1997. Prior to that, he was area director of JWT Australia, New </p><p>Zealand, Indochina, Japan and Thailand. </p><p><BR><BR> </p>

Mr Peter Steigrad has been appointed chairman of Y&R Advertising

for the Asia-Pacific region and chairman/CEO of DY&R, effective

immediately.



He replaces Mr Etienne Boisrond, who has decided to take a six-month

sabbatical with his family in Europe. He will return to take a new

senior post within Young & Rubicam Inc.



Mr Steigrad previously headed Y&R's Australia and New Zealand operations

since 1997. Prior to that, he was area director of JWT Australia, New

Zealand, Indochina, Japan and Thailand.