REG - WPP PLC - Board Appointment

WPPAnnouncement

30/07/2024 07:00

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RNS Number : 2877Y  WPP PLC  30 July 2024

 

For Immediate Release
 
        30 JULY 2024

 

 

WPP plc ("WPP")

 

 

WPP APPOINTS PHILIP JANSEN AS NON-EXECUTIVE CHAIR OF THE BOARD

 

 

WPP (LSE/NYSE:WPP) today announces the appointment of Philip Jansen to its
Board as a Non-Executive Director and Chair-designate. He will join the Board
on 16 September 2024 and will succeed Roberto Quarta as Non-Executive Chair of
WPP from 1 January 2025.

 

Philip was Chief Executive of BT Group from 2019 to February 2024. Before that
he was CEO of Worldpay, the technology-led global payments services group.
Previous roles include CEO and then Chairman of Brakes Group, and a variety of
senior positions in Sodexo Group. Philip began his career at Procter &
Gamble, going on to hold marketing director roles at Dunlop Slazenger and
Telewest before moving into general management first at Telewest and then
MyTravel. He was a non-executive director of Travis Perkins for four years.

 

Philip led Worldpay through the UK's largest ever fintech IPO, having
overhauled its technology infrastructure and invested in areas such as data
analytics and cyber security. He also led the merger with US counterpart
Vantiv to create Worldpay Inc., the world's largest industry player, handling
payments across 146 countries. At BT Group, the global provider of
telecommunications and related digital services, he oversaw the strategy to
modernise, future-proof and simplify the business.

 

Angela Ahrendts, Senior Independent Director of WPP, said: "Philip brings a
valuable blend of experience, from leading technology and consumer goods
companies to transforming large, complex organisations and creating
significant value for shareholders. As a former marketer he understands our
business, its clients and the opportunities ahead of us. We are delighted he
is joining WPP."

 

Philip Jansen said: "Technology is changing the face of commerce, media and
communications, and I am very excited to join a company at the forefront of
this change. I look forward to working with my fellow board members and
supporting Mark and his leadership team as they continue to transform WPP for
the future."

 

Mark Read, CEO of WPP, said: "On behalf of the Board I would like to thank
Roberto for his support for the leadership team and his exceptional
contribution during more than nine years with WPP. He has helped to steer the
company through significant challenges including the Covid-19 pandemic,
overseen the restructuring of our portfolio to return WPP to financial
stability, and guided the fundamental reshaping of our offer to meet the needs
of modern marketing.

 

"Philip has deep insight into our industry from his marketing background and
roles with technology and consumer goods companies, and I am very happy to
welcome him to WPP."

 

 

Balbir Kelly-Bisla

Company Secretary

 

 

Further information

Media: press@wpp.com (mailto:press@wpp.com)

Investors: irteam@wpp.com (mailto:irteam@wpp.com)

 

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 (http://www.wpp.com/) .

 

ENDS

 

Notes

1.   The appointment of Philip Jansen was made by the Board on the
recommendation of the Nomination and Governance Committee, which was chaired
by Angela Ahrendts, WPP's Senior Independent Non-Executive Director. The
Committee comprises Angela Ahrendts, Tom Ilube and Cindy Rose, and is chaired
by Roberto Quarta. However, in accordance with good governance Roberto Quarta
did not participate in this process.

2.   The Board determined that Philip Jansen is an independent Non-Executive
Director on appointment in accordance with the UK Corporate Governance Code.

3.   The Compensation Committee agreed Philip Jansen's fees. He will receive
total fees of £575,000 per annum.

4.   In addition to being Chair, on joining the Board Philip Jansen will be
appointed as a member of the Compensation Committee and the Nomination and
Governance Committee and succeed Roberto Quarta as Chair of that Committee on
1 January 2025.

5.   Philip Jansen does not have a service contract. He has a letter of
appointment which may be viewed by contacting the Company Secretary at the
Company's registered office.

6.   There are no additional details to disclose under paragraphs (1) to (6)
of LR 9.6.13 R of the UK Listing Authority's Listing Rules in respect of the
appointment.

7.   Roberto Quarta will retire from the Board on 31 December 2024.

 

 

 

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