WPP CEO Read to Retire as Ad Group Looks to Reignite Growth

WPP Plc Chief Executive Officer Mark Read is set to retire at the end of the year, kicking off a search for a successor at one of the world’s largest advertising agency groups as it grapples with slowing sales.

Read, 58, has helmed the British company for about seven years and has been with the company for more than 30 years, the company said in a statement on Monday.