From Yahoo Finance: 2025-06-09 06:59:00

Mark Read, CEO of WPP, will step down as company struggles with AI rise. Share price has halved under Read’s leadership. Former BT boss Philip Jansen, WPP chair, triggers speculation about Read’s departure. Read overhauled company, but shares have fallen as tech giants dominate ad space.

WPP loses top ad agency title to Publicis, faces potential takeover amid leadership reshuffle. Read succeeded Sorrell, who left amidst misconduct allegations. Meta Platforms to aid advertisers with AI tools. WPP shares drop 1.5% post-Read’s departure news. Investors wary of company’s struggle to modernize.

Read’s departure prompts WPP shares to fall further. Company needs overhaul to keep up with digital shift. Successor faces challenge of modernizing traditional ad agency. Jansen begins search for new CEO. WPP’s future uncertain as tech-savvy rivals surge ahead.

Read more: WPP chief Mark Read steps down as ad agency battles AI