WPP says Mark Read to retire from board, CEO role on December 31

The Board of WPP (WPP) plc announced that Mark Read, CEO, will retire from the Board and as CEO on December 31. 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, WPP said. 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.”