REG - WPP PLC - Board Change

WPPAnnouncement

07/09/2023 15:00

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RNS Number : 7636L  WPP PLC  07 September 2023

 

For Immediate Release
 
         7 September 2023

 

 

WPP plc ("WPP")

 

 

 

WPP ANNOUNCES APPOINTMENT OF CHIEF OPERATING OFFICER TO THE BOARD

 

WPP (LSE/NYSE:WPP) today announced that its Chief Operating Officer, Andrew
Scott, has been appointed as an Executive Director to the Board of WPP, with
immediate effect.

Andrew joined WPP in 1999 as Director of Corporate Development. He held a
number of other senior roles including Chief Operating Officer for Europe
before being appointed global Chief Operating Officer in 2018.

Roberto Quarta, Chairman of WPP, said: "Andrew brings to the Board a deep
understanding of our business from his 24 years with WPP and the significant
contribution he has made to our success during that time."

 

Mark Read, Chief Executive Officer of WPP, said: "This appointment recognises
the key role that Andrew plays in the company, and the importance of
continuously improving our operational effectiveness."

 

 

Balbir Kelly-Bisla

Company Secretary

 

Further information

Chris Wade, WPP +44 (0)20 7282 4600

 

About WPP

WPP is the creative transformation company. We use the power of creativity to
build better futures for our people, planet, clients and communities. For more
information, visit www.wpp.com (http://www.wpp.com/) .

 

END

 

 

Notes

 

1.   Remuneration arrangements

 

Andrew will be paid in accordance with the Directors' Compensation Policy
("the Policy") approved by shareholders on 17 May 2023 as set out in the 2022
Annual Report.

 

Andrew will receive an annual base salary of £725,000 in line with his
existing compensation arrangements, be eligible to receive annual bonus and
Executive Performance Share Plan awards in line with the Policy; be subject to
shareholding requirements in line with the Policy and receive a pension
contribution in line with those of the wider workforce in the UK. Further
details of his remuneration arrangements will be set out in the 2023
Directors' Remuneration Report.

 

Andrew's contract of employment will be available for inspection at the
Company's registered office and on WPP's website, wpp.com, in due course.

2.   Shareholding information

Andrew currently holds 719,717 ordinary shares in the Company.

 

3.   Regulatory disclosure

Andrew has been a director of the following publicly quoted companies during
the five years preceding the date of this announcement:

Scangroup plc (a subsidiary of WPP) (resigned on 4 August 2022)

No further disclosure obligations arise under paragraphs (1) to (6) of LR
9.6.13 R of the UK Listing Authority's Listing Rules in respect of this
announcement.

 

 

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