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.