WPP announces appointment of Chief Operating Officer to the Board
7 Sep 2023
WPP (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.
Andrew 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.
Roberto 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.”
Mark 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.”
Balbir Kelly-Bisla
Company Secretary
Further information
Chris Wade, WPP +44 (0)20 7282 4600
About WPP
WPP 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.
Notes
1. Remuneration arrangements
Andrew 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.
Andrew 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 receive a pension contribution in line with those of the wider workforce in the UK. Further details of his remuneration arrangements will be set out in the 2023 Directors’ Remuneration Report.
Andrew’s contract of employment will be available for inspection at the Company’s registered office and on WPP’s website, wpp.com, in due course.
2. Shareholding information
Andrew currently holds 719,717 ordinary shares in the Company.
3. Regulatory disclosure
Andrew has been a director of the following publicly quoted companies during the five years preceding the date of this announcement:
Scangroup plc (a subsidiary of WPP) (resigned on 4 August 2022)
No further disclosure obligations arise under paragraphs (1) to (6) of LR 9.6.13 R of the UK Listing Authority’s Listing Rules in respect of this announcement.