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WPP

-1.25%
NEUTRAL

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