REG - WPP PLC - Chief Executive Officer Succession

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RNS Number : 9702L  WPP PLC  09 June 2025

 For Immediate Release  9 June 2025

 

WPP plc ("WPP" or the "Company")

Chief Executive Officer Succession

 

The Board of WPP plc (LSE/NYSE: WPP) today announces that Mark Read, Chief
Executive Officer (CEO), will retire from the Board and as CEO on 31 December
2025. After more than 30 years with the Company, including seven as CEO, Mark
has decided that the time is right for him to hand over to a new leader and
the search for a successor is underway.

Philip Jansen, Chair of WPP, said:

"On behalf of the Board, I would like to thank Mark for his contributions not
only as CEO but throughout his more than 30 years of leadership and service to
the Company. During that time Mark has played a central role in transforming
the Company into a world leader in modern marketing services, with deep AI,
data and technology capabilities, global presence and unrivalled creative
talent, setting WPP up well for longer-term success.

"We are pleased that Mark will continue to lead WPP as CEO until the end of
the year, remaining focused on the execution of the Company's growth strategy
and supporting a smooth transition to his successor, once appointed."

Mark Read, Chief Executive Officer of WPP, said:

"WPP is an incredible company with over 100,000 talented and creative people,
wonderful clients and partners, and an unmatched presence around the world.
It has been an immense privilege to serve as its CEO for the past seven
years.

"When I took on this role our mission was to build
a simpler, stronger business, and put structure and new energy behind our
creativity and performance, powered by world-leading technology. I am proud
that our teams across the business have delivered that exceptionally
well. Our clients today rate us more highly than ever before, we now work
with four of the world's five most valuable companies, and our revenues with
our biggest clients have grown consistently.

"Our business starts with creativity, and I was delighted for our teams
that last year we were once again named Creative Company of the Year at
Cannes Lions. We have also positioned WPP at the forefront of the industry
with our investments in AI and, with the full launch of WPP Open this year, we
are now leading the way as AI transforms marketing. We have an
exceptional leadership team and a secure financial position that allows us to
face the future confidently and capture the opportunities ahead.

"After seven years in the role, and with the foundations in place for WPP's
continued success, I feel it is the right time to hand over the leadership of
this amazing company. I am excited to explore the next chapter in my life and
can only thank all the brilliant people I have been lucky enough to work with
over the last 30 years, and who have made possible the enormous progress we
have achieved together. I would also like to thank Phil and the rest of the
Board for their steadfast support for me and the wider executive team, and I
look forward to supporting them in the transition to my successor in the
coming months."

 

For further information:

Investors and analysts

Thomas Singlehurst, CFA      +44 7876 431 922

Anthony Hamilton                   +44 7464 532 903
Melissa Fung                           +44 7392 280
178

irteam@wpp.com (mailto:irteam@wpp.com)
wpp.com/investors (https://www.wpp.com/en/investors)

Media

Chris Wade                             +44 20 7282
4600

Burson Buchanan:

Richard Oldworth                    +44 7710 130 634 / +44
20 7466 5000

Chris Lane                               +44
7899 793 612 / +44 20 7466 5000

press@wpp.com (mailto:press@wpp.com)

Notes to editors

This announcement includes inside information as defined in Article 7 of the
Market Abuse Regulation No. 596/2014.

The person responsible for arranging the release of this announcement on
behalf of WPP is Balbir Kelly-Bisla, Company Secretary.

Mark Read will be treated in accordance with WPP's shareholder approved
Directors' Compensation Policy. Details of his compensation on leaving will be
disclosed on the Company's website in due course in compliance with Section
430(2B) of the Companies Act 2006, and full details will also be disclosed in
the Directors' Compensation Report for the relevant year.

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/) .

 

ENDS

 

 

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