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LONDON - WPP plc (LSE/NYSE:LON:WPP), a global leader in marketing services, announced today that CEO Mark Read will retire from his role and the Board on December 31, 2025. Read’s departure comes after a tenure of more than 30 years with the company, including seven years at the helm. The company has initiated the process of searching for his successor.
Philip Jansen, Chair of WPP, expressed gratitude for Read’s significant contributions to the company, highlighting his pivotal role in WPP’s transformation into a modern marketing services powerhouse with advanced AI, data, and technology capabilities. Jansen also noted that Read will continue leading the company until the year’s end, focusing on WPP’s growth strategy and ensuring a smooth leadership transition.
During his time as CEO, Read emphasized the importance of creativity in WPP’s success, pointing to the company’s recognition as Creative Company of the Year at Cannes Lions. He also underscored WPP’s advancements in AI and the launch of WPP Open, positioning the company at the forefront of AI-driven marketing transformation. Read expressed pride in WPP’s achievements, including high client satisfaction and consistent revenue growth with major clients.
WPP’s board and executive team are now tasked with identifying a new leader who will continue the company’s legacy of innovation and creative excellence. Details of Read’s compensation upon leaving will be disclosed in accordance with WPP’s shareholder-approved Directors’ Compensation Policy and the Companies Act 2006.
This transition marks a significant moment for WPP as it seeks to maintain its leadership in an evolving industry. The company, known for leveraging creativity to build better futures for its stakeholders, is positioned to face the future confidently with a strong leadership team and financial stability. The announcement is based on a press release statement from WPP.
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