Business
Board Change
Board Change.
About this update from Wpp Plc
[{"type":"text","content":"\n\n \nFor Immediate Release 7 September 2023\n \n \nWPP plc (\"WPP\")\n \n \n \nWPP ANNOUNCES APPOINTMENT OF CHIEF OPERATING OFFICER TO THE BOARD\n \nWPP (LSE/NYSE:WPP) today announced that its Chief Operating Officer, Andrew Scott, has been appointed as an Executive Director to the Board of WPP, with immediate effect.\nAndrew joined WPP in 1999 as Director of Corporate Development. He held a number of other senior roles including Chief Operating Officer for Europe before being appointed global Chief Operating Officer in 2018.\nRoberto Quarta, Chairman of WPP, said: \"Andrew brings to the Board a deep understanding of our business from his 24 years with WPP and the significant contribution he has made to our success during that time.\"\n \nMark Read, Chief Executive Officer of WPP, said: \"This appointment recognises the key role that Andrew plays in the company, and the importance of continuously improving our operational effectiveness.\"\n \n \nBalbir Kelly-Bisla\nCompany Secretary\n \nFurther information \nChris Wade, WPP +44 (0)20 7282 4600 \n \nAbout WPP \nWPP is the creative transformation company. We use the power of creativity to build better futures for our people, planet, clients and communities. For more information, visit www.wpp.com. \n \nEND\n \n \nNotes\n \n1. Remuneration arrangements\n \nAndrew will be paid in accordance with the Directors' Compensation Policy (\"the Policy\") approved by shareholders on 17 May 2023 as set out in the 2022 Annual Report. \n \nAndrew will receive an annual base salary of £725,000 in line with his existing compensation arrangements, be eligible to receive annual bonus and Executive Performance Share Plan awards in line with the Policy; be subject to shareholding requirements in line with the Policy and...