Martin Sorrell's S4 Capital Shakes Up Board and Names New COO [BNN Bloomberg (Canada)]
WPP plc American Depositary Shares (WPP)
US:NYSE Investor Relations:
wpp.com/wpp/investor/financialnews
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Source: BNN Bloomberg
its board as the UK advertising company faces continued declines in sales this year. The agency also said it would develop a “more traditional board,” removing managers including Christopher Martin, Victor Knaap, Wes ter Haar and Scott Spirit, who will keep their executive roles at the company. Ter Haar will become a board observer, S4 said in a statement on Wednesday. S4, founded by Executive Chairman Martin Sorrell after he left ad giant WPP Plc in 2018, reported a 2.1% decline in net revenue to £873.2 million ($1.1 billion) in 2023 and said it expects clients to “remain cautious” in the near term. The company has been hit particularly hard by pullbacks compared to rivals. WPP has forecast sales growth of as much as 1% and Publicis Groupe SA as much as 5% this year. Read More: Ad Mogul Sorrell's Post-WPP Revenge Falters As Shares Tumble The company said the sales metric will continue to decline this year on a like-for-like basis in 2024 and operational earnings before intere
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News
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- The Lacek Group Tackles "Next-Gen Engagement Marketing" in New White PaperPR Web
- Digital Ads Announces Expansion of Multi-Faceted Practices in Different Industries [Yahoo! Finance]Yahoo! Finance
- WPP First Quarter Trading Update [Yahoo! Finance]Yahoo! Finance
- WPP First Quarter Trading UpdateBusiness Wire
WPP
Sec Filings
- 4/25/24 - Form 6-K
- 4/5/24 - Form SC
- 4/2/24 - Form 6-K
- WPP's page on the SEC website