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5 WPP execs who insiders say could be top candidates to become the ad giant's next CEO

5 WPP execs who insiders say could be top candidates to become the ad giant's next CEO

Who wants to fill Mark Read's shoes?
The hunt is on for a new chief executive at WPP after Mark Read announced he intends to step down after seven years leading the advertising agency giant.
Whoever takes over will inherit a company that's recently been usurped from pole position within the agency sector by Publicis Groupe. WPP has already undergone a series of restructures and repositionings that insiders and shareholders are hoping will convert into new business and turn around a period of decline.
WPP and its competitors are also battling for relevance as their clients face downward pressures on their ad budgets and as new technologies like artificial intelligence threaten the traditional ad agency business model.
Jay Wilson, a VP and analyst at research company Gartner's marketing practice, said the next WPP leader will need strong expertise in launching new products and experience guiding teams through periods of volatility.
"In the current agency environment, what is needed is a leader with a strong track record in crisis management, financial expertise, and people leadership," Wilson said.
WPP is assessing both internal and external candidates for the role. Business Insider asked six industry analysts and insiders to suggest the current WPP execs who could be considered for the top position. They are listed below, in alphabetical order by surname. The execs mentioned didn't respond to requests for comment or declined to comment.
Devika Bulchandani, Ogilvy Global CEO
While many of WPP's iconic agency names have been flattened out through mergers and restructures in recent years, Ogilvy, named after its founder David Ogilvy, still retains its name above the office door.
Bulchandani joined Ogilvy in 2021 as the global president and CEO of its North American business from McCann, a creative agency owned by rival holding company IPG. She was promoted to the global CEO in 2022.
Ogilvy has been a bright spot for WPP's creative businesses. Last year, Ogilvy was named the "most effective agency network in the world" by the World Advertising Research Center, for work like "Shah Rukh Khan-My-Ad" from its Mumbai office for the confectionery brand Cadbury. It was also named "network of the year" at the Cannes Lions International Festival of Creativity.
Jon Cook, VML CEO
Cook is a WPP veteran who is no stranger to a merger.
Cook joined the digital ad specialist VML in 1996 and continued to lead the agency as it combined with famed ad firm Young & Rubicam to create VMLY&R. Another merger followed in 2024, when the digital agency Wunderman Thompson was folded into the group, which became known again as simply VML. He's now responsible for a head count of around 26,000 people across 55 markets, working for brands like Ford, Microsoft, and AstraZeneca.
WPP last year said VML's expertise in shopper marketing was one of the key reasons it won Amazon's media account outside the US.
Laurent Ezekiel, WPP chief marketing and growth officer
Ezekiel spent 16 years at rival Publicis Groupe before joining WPP as its chief marketing and growth officer in 2019, leading its new business efforts. WPP hadn't had a CMO before Ezekiel's arrival.
He's also been leading Open X, a unit created to serve WPP's $4 billion Coca-Cola account. This account spans the full gamut of marketing services, from media to creative and data.
It's had mixed fortunes, after Coca-Cola shifted its North America media business to Publicis earlier this year, though a WPP insider told BI this represented just a single-digit percentage of the overall billings from the account. Coca-Cola renewed the remainder of the partnership with WPP in May.
Johnny Hornby, CEO, WPP specialist communications agency division
Hornby rose to advertising fame as one of the cofounders of the UK marketing agency CHI, named after its founders Simon Clemmow, Hornby, and Charles Inge, which created acclaimed campaigns for brands like Lexus, The Sunday Times, and Drench.
In 2007, WPP acquired a 49.9% stake in CHI, which later rebranded to The & Partnership, with Hornby at the helm. Last year, WPP fully acquired T&P, and this year, Hornby was promoted to the holding company's executive committee and became CEO of WPP's specialist communications division.
Hornby is well-connected beyond the ad industry. He was a guest at Prince Harry and Meghan Markle's wedding, and he's a cofounder of Hawkstone, former "Top Gear" presenter Jeremy Clarkson's lager and cider brand.
Brian Lesser, WPP Media CEO
Lesser is a WPP boomerang who returned to the company in 2024. He leads WPP Media, the new name for its media investment division, previously known as GroupM.
He previously did a 10-year stint at WPP, with highlights including his founding of its programmatic media buying arm Xaxis, and rising to become CEO of GroupM North America between 2015 and 2017.
He joined AT&T to lead its $3 billion advertising and analytics division in 2017. He oversaw AT&T's $1.6 billion acquisition of the adtech company AppNexus and later launched the Xandr advertising brand, setting out a bold ambition to build a marketplace for TV and video advertising, bolstered by AT&T's acquisition of Time Warner. The vision was never fully realized: AT&T ended up spinning out its WarnerMedia business unit, and Xandr was sold to Microsoft, which recently shut down much of the tech.
Lesser's name is often in the mix when big advertising and media roles become available (he also once had his eye on becoming WarnerMedia CEO).
Andrew Scott, WPP chief operating officer
The WPP CEO succession speculation might feel a little like Groundhog Day for Scott, who took on the co-chief operator role alongside Read in 2018 when former CEO Martin Sorrell abruptly exited the company. Scott was also considered a contender for the CEO role that was ultimately awarded to Read.
Scott has been integral to WPP's M&A activity for more than 20 years, and has helped close deals like its acquisition of the UK digital ad specialist Essence.
He's also been a key leader of WPP's simplification strategy, helping to structure the VMLY&R and Wunderman Thompson mergers.

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Innovation district, The Pearl, launches in Charlotte as a blueprint for health care transformation
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Innovation district, The Pearl, launches in Charlotte as a blueprint for health care transformation

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By concentrating our efforts and resources in the Company's core northeastern U.S. markets—New Jersey, Maryland, Pennsylvania, and Ohio—I am confident that we are now positioned to deliver stronger financial performance including improved margins and operational efficiencies.' The actions associated with the Michigan exit plan are expected to include a reduction of approximately 21% of the Company's overall workforce, which consists of about 1,200 employees as of June 30, 2025. Most of this reduction is expected to occur by the end of the third quarter of fiscal year 2025. About TerrAscend TerrAscend is a leading TSX-listed cannabis company with interests across the North American cannabis sector, including vertically integrated operations in Pennsylvania, New Jersey, Maryland, Michigan and California through TerrAscend Growth Corp., and retail operations in Canada. TerrAscend operates The Apothecarium, Gage and other dispensary retail locations as well as scaled cultivation, processing, and manufacturing facilities in its core markets. TerrAscend's cultivation and manufacturing practices yield consistent, high-quality cannabis, providing industry-leading product selection to both the medical and legal adult-use markets. The Company owns or licenses several synergistic businesses and brands including Gage Cannabis, The Apothecarium, Cookies, Lemonnade, Ilera Healthcare, Kind Tree, Legend, State Flower, Wana, and Valhalla Confections. For more information visit Caution Regarding Cannabis Operations in the United States Investors should note that there are significant legal restrictions and regulations that govern the cannabis industry in the United States. Cannabis remains a Schedule I drug under the U.S. Controlled Substances Act, making it illegal under federal law in the United States to, among other things, cultivate, distribute or possess cannabis in the United States. Financial transactions involving proceeds generated by, or intended to promote, cannabis-related business activities in the United States may form the basis for prosecution under applicable U.S. federal money laundering legislation. While the approach to enforcement of such laws by the federal government in the United States has trended toward non-enforcement against individuals and businesses that comply with medical or adult-use cannabis programs in states where such programs are legal, strict compliance with state laws with respect to cannabis will neither absolve TerrAscend of liability under U.S. federal law, nor will it provide a defense to any federal proceeding which may be brought against TerrAscend. The enforcement of federal laws in the United States is a significant risk to the business of TerrAscend and any proceedings brought against TerrAscend thereunder may adversely affect TerrAscend's operations and financial performance. Forward-Looking Information This press release contains 'forward-looking information' within the meaning of applicable securities laws. Forward-looking information contained in this press release may be identified by the use of words such as, 'may', 'would', 'could', 'will', 'likely', 'expect', 'anticipate', 'believe, 'intend', 'plan', 'forecast', 'project', 'estimate', 'outlook' and other similar expressions, and includes, but is not limited to, statements with respect to the Company's expectations with respect to the anticipated outcome and impacts of the Michigan exit plan, including the amount and use of net proceeds resulting from intended divestitures; the amount of prepayment of existing Company debt that may be achieved; the likelihood that the divestitures will lead to improvements in the key financial metrics; the impact of the divestitures on the Company's balance sheet; the anticipated timing and occurrence of substantially completing the Michigan exit plan; the estimated timing and scope of the Company's anticipated workforce reduction; the potential increase in value for the Company and its shareholders; or improvements to the Company's financial position and performance, operational efficiency, and opportunities for strategic acquisitions. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors relevant in the circumstances, including assumptions in respect of current and future market conditions, the current and future regulatory environment, and the availability of licenses, approvals and permits. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. Forward-looking information is subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected in the forward-looking information. Such risks and uncertainties include, but are not limited to, the financial and operational outcomes resulting from the Michigan exit plan, or the future financial profile or key metrics of the Company.; and the risk factors set out in the Company's most recently filed MD&A, filed with the Canadian securities regulators and available under the Company's profile on SEDAR+ at and in the section titled 'Risk Factors' in the Company's Annual Report for the year ended December 31, 2024 filed with the Securities and Exchange Commission on March 6, 2025. The statements in this press release are made as of the date of this release. The Company disclaims any intent or obligation to update any forward-looking information, whether, as a result of new information, future events, or results or otherwise, other than as required by applicable securities laws. For more information regarding TerrAscend:Ziad GhanemChief Executive Officer [email protected] 717-343-5386

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