LONDON: WPP plc, the world’s largest communication services group, Monday announced the appointment of insider Mark Read as chief executive officer and his appointment to the board of WPP as an executive director with immediate effect.
He takes over the position left vacant by the forced resignation of Martin Sorrell in April, 33 years after founding WPP, following allegations of personal misconduct and misuse of company assets. Sorrel had denied the charges.
The appointment of Read as CEO sees WPP chairman Roberto Quarta resuming his role as non-executive chairman.