WPP Announces CEO Succession Plan
Why we think this is neutral
The RNS announcement is about the upcoming retirement of the current CEO and the search for a successor. This is a standard corporate update and does not contain any specific financial or operational news that would significantly impact the company's performance or outlook.
Key Points
- CEO Mark Read to retire at the end of 2025 after over 30 years with the company
- Search for a successor is underway
- Mark Read to remain as CEO until the end of 2025 to ensure a smooth transition
Summary
The advertising and marketing services company announces the retirement of its CEO, with a search for a successor underway.
WPP plc (LSE/NYSE: WPP) has announced that its Chief Executive Officer, Mark Read, will retire from the Board and as CEO on 31 December 2025 after more than 30 years with the company, including 7 years as CEO. The Board has initiated a search for a successor, and Mark will continue to lead WPP until the end of the year, focusing on executing the company's growth strategy and supporting a smooth transition.
Key Dates
31 December 2025
Mark Read to retire as CEO
GENERAL UPDATE