REG - WPP PLC - WPP to Discontinue Operations in Russia

WPPAnnouncement

04/03/2022 16:15

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RNS Number : 7443D  WPP PLC  04 March 2022

 FOR IMMEDIATE RELEASE  4 March 2022

WPP PLC ("WPP")

 

WPP Announces Decision to Discontinue Operations in Russia

 

WPP stands with Ukraine and the international community in condemning the
Russian invasion, which has created a humanitarian crisis in the heart of
Europe. The Board of WPP has concluded that WPP's ongoing presence in Russia
would be inconsistent with our values as a company, and we are therefore
discontinuing our operations in the country.

 

WPP has nearly 1,400 people in Russia who have been dedicated and valued
members of our organisation, and we thank them for their commitment to the
company and our clients. We deeply regret the impact of this decision on our
Russian colleagues. We will provide support to them and work closely with our
clients and partners as we discontinue our activities in the country.

 

Our 200 people in Ukraine have shown extraordinary resilience and bravery in
the face of the horrific attack on their country, and we have been inspired by
their example and the outpouring of support from their colleagues in the
region and worldwide. We are in constant contact with our leaders in Ukraine
to provide financial and other forms of practical assistance for our
employees.

 

WPP has partnered with UNHCR, the UN Refugee Agency, to run an emergency
fundraising appeal to help people forced to flee their homes in search of
safety in other parts of Ukraine or neighbouring countries. We are also
match-funding all donations by WPP employees.

 

 

Notes to editors

Russia represented 0.6% of WPP's revenue less pass-through costs in 2021.

 

 

Further information

 Chris Wade        +44 (0)20 7282 4600
 Richard Oldworth  +44 (0)7710 130 634 / +44 (0)20 7466 5000

 

 

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.

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