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WPP

WPP

$82.71

-0.3 (-0.36%)

08:57
09/03/18
09/03
08:57
09/03/18
08:57

WPP names Mark Read as Chief Executive Officer

WPP announced the appointment of Mark Read as Chief Executive Officer and his appointment to the board of WPP as an Executive Director with immediate effect. In April 2018 he was named joint Chief Operating Officer of WPP. Roberto Quarta, Chairman of WPP, said: "The Board carried out a rigorous selection process, assessing internal and external candidates. That process, alongside Mark's wise and effective stewardship of the business in the last few months, left us with no doubt that he is the right leader for this company, and we are delighted to announce the Board's unanimous decision to appoint him as Chief Executive Officer of WPP. Recognised for his leadership throughout the industry, he has an intimate understanding of the business, he enjoys very strong internal support, and he has earned the respect and endorsement of our clients with his constant focus on their needs. He has played a central role in many of WPP's most successful investments and initiatives, and he has deep experience at board and operational level. Most recently, Mark led the transformation of Wunderman into one of the world's top digital agencies, and he understands the importance of culture in creating successful organisations. In short, he is in every way a 21st-century CEO." Roberto Quarta has resumed his role as Non-Executive Chairman on the appointment of Mark Read as CEO. Andrew Scott will continue in his role as Chief Operating Officer of WPP on a permanent basis.

WPP WPP
$82.71

-0.3 (-0.36%)

06/19/18
MOFT
06/19/18
INITIATION
MOFT
Neutral
WPP initiated with a Neutral at MoffettNathanson
06/05/18
BREN
06/05/18
DOWNGRADE
BREN
Sell
WPP downgraded to Sell from Hold at Berenberg
Berenberg analyst Alastair Reid downgraded WPP to Sell and lowered his price target for the shares to 1,075p from 1,275p. The company's operational performance in Q1 is below peers, especially in North America, Reid tells investors in a research note. The analyst expects WPP's situation to get worse before improving amidst the management change.
06/04/18
PIVT
06/04/18
DOWNGRADE
PIVT
Hold
WPP downgraded to Hold from Buy at Pivotal Research
Pivotal Research analyst Brian Wieser downgraded WPP to Hold from Buy following the stock's recent move above his prior price target of 1330p. He maintains a positive long-term view on WPP, but thinks downside risks will remain top-of-mind for investors in the near-term. Wieser lowered his price target on WPP shares to 1230p from 1330p.
04/03/18
PIVT
04/03/18
NO CHANGE
PIVT
Pivotal Research adjusts targets on ad agencies ahead of earnings
Pivotal Research analyst Brian Wieser adjusted his price targets on ad agency holding companies ahead of earnings, maintaining Hold ratings on Interpublic Group (IPG), Omnicom (OMC), Publicis (PUBGY) and a Buy rating on WPP (WPP). He trimmed his target on Interpublic to $25 from $26, lowered his target on Omnicom to $72 from $75, cut Publicis' target to EUR60 from EUR64 and lowered his target on WPP to 1330p from 1420p.

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