WPP names Microsoft's Cindy Rose as next CEO
Rose has extensive experience as a leader in the technology, telecommunications, media, entertainment and creative industries gained at world-leading brands. She has spent the last nine years in senior leadership positions at Microsoft where she is currently Chief Operating Officer, Global Enterprise. In this role she helps the world's largest companies use digital technology and AI to drive business transformation.
Before being appointed to her current Microsoft role in March 2023, Rose was President of Microsoft Western Europe and CEO of Microsoft UK. Other previous roles include managing director of the UK consumer business at Vodafone and executive director of Digital Entertainment and Media Sales at Virgin Media. She also spent 15 years at The Walt Disney Company, ultimately as senior vice president and managing director of Disney Interactive Media Group, EMEA.
Rose has been a non-executive director on the WPP Board since 2019. She is a graduate of Columbia University and New York Law School, and an Advisory Board Member at Imperial College Business School in London and McLaren Racing. Rose has British and American citizenship and will be based in both London and New York. She was awarded an OBE in the 2019 New Year Honours in recognition of her services to UK technology.
Philip Jansen, Chair of WPP, said, 'Cindy is an outstanding and inspirational business leader with extensive experience at some of the world's most recognised companies and a track record of growing large-scale businesses. She has led multi-billion-dollar operations across the UK, EMEA and globally, built enduring client relationships and delivered growth in both enterprise and consumer environments.'
Jansen further added, 'Cindy has supported the
digital transformation
of large enterprises around the world – including embracing AI to create new customer experiences, business models and revenue streams. Her expertise in this landscape will be hugely valuable to WPP as the industry navigates fundamental changes and macroeconomic uncertainty. Cindy's appointment follows a thorough selection process that considered both internal and external candidates. As an existing Board member she understands our business and the needs of our clients, and we look forward to working with her in her new role as CEO.
Jansen also acknowledged outgoing CEO Mark's significant contributions to modernising the company. He, ' I would like to reiterate my sincere thanks to Mark for his tireless commitment during more than 30 years with WPP and in particular the progress he has made to modernise, simplify and transform the company over the last seven years as CEO. On behalf of the Board and the company as a whole I wish him all the very best for the future.'
On the appointment, Rose said, 'WPP is a company I know and love – not only from my six years on the Board but as a client and partner for many years before that – and I couldn't be happier or more excited to be appointed as CEO. I began my career in the creative industries and this feels like coming home. There are so many opportunities ahead for WPP. We have and continue to build market-leading AI capabilities, alongside an unrivalled reputation for creative excellence and a preeminent client list. WPP has the most brilliant, talented, creative people and I can't wait to write the company's next chapter together.I am grateful to Mark for his many contributions to the business over the years and I look forward to working together to ensure a smooth handover.'
Mark Read said, 'Having worked closely with Cindy for the last six years, I am delighted to see her appointed as CEO of WPP. From her time on the Board, she has real insight into our business and knows many of our clients, people and partners around the world. She brings deep experience of technology and AI and its transformational impact on business, and has successfully run large global organisations with talent at their core. After seven years as CEO, I know that I am leaving WPP in excellent hands.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
19 minutes ago
- Business Standard
fischer Offers Professional Sprinkler Installation for Sprinkler Systems
NewsVoir Bengaluru (Karnataka) [India], July 14: fischer offers sprinkler loop hangers, pipe clamps, beam clamps and fastening elements approved by Germany's Property Insurer Associations FM and VdS, certifying their suitability for safe application in sprinkler systems. Plugs and anchors suitable for sprinkler systems feature CE marking based on the relevant ETA. Sprinkler systems are an important component of fire protection systems, the requirements of which go beyond building regulations in some cases. They are highly effective in extinguishing and making people aware of fire hazards. As a result, they are fitted as standard in many buildings. Mr. Mayank Kalra, Managing Director of fischer India, emphasizes the company's unwavering commitment to delivering robust, certified solutions that meet global standards like FM and VdS. "Sprinkler systems are a critical aspect of modern fire protection solutions, ensuring safety and compliance beyond standard building regulations. fischer continues to set industry benchmarks by prioritizing safety, quality, and compliance. Through reliable and globally certified solutions, the company remains dedicated to safeguarding lives and infrastructure across diverse built environments." Sprinkler systems are an important component of fire protection systems, the requirements of which go beyond building regulations in some cases. They are highly effective in extinguishing and making people aware of fire hazards. As a result, they are fitted as standard in many buildings. Applicable guidelines include the European VdS standard (VdS CEA 4001) and the almost identical EN 12845 (European standard), the American FM standard 1951 (Factory Mutual Insurance Company, FM Global) in addition to the UL standard (Underwriters Laboratories, UL) based on the NFPA 13 (National Fire Protection Association, NFPA). The American standards can complement one another as well as the European standards and guidelines in terms of the requirements when fastening conduits, although there are some differences to be considered when looking at the details. Depending on the guideline, different load specifications apply to pipe supports for sprinkler conduits as a test load or minimum load-bearing capacity or in terms of fastening distances and connection thread sizes when using steel pipes. These regulations cover pipe clamps and loops in addition to all other fastening elements, such as plugs, anchors, beam clamps and trapezoidal sheet hangers. Pipe clamps and loops must be approved and listed under the FM and UL standards. VdS and EN 12845 specify aspects such as minimum material thickness and width requirements that must be met in addition to the specified loads. The fixing specialist fischer offers sprinkler loop hangers (FRLH/FRSP/FCHS), riser clamps (RCWR), U-bolts (ETR), threaded rods/threaded pins (G/GS), beam clamps (TKLS/TKL) and profile hangers (TZ/TZH) that meet these requirements. The KDS toggle plug allows conduits and other components to be easily mounted on the trapezoidal metal sheet in stationary sprinkler systems in a compliant and convenient manner. The height-adjustable threaded rod, which is secured to prevent it from accidentally loosening, allows the components to be practically aligned on trapezoidal metal sheets. Various lengths of the KDS toggle plug cover different applications. Other new additions to fischer's range include the corrosion-resistant TKLG swivel beam clamp, which was designed to safely and easily fasten sprinkler pipes to inclined steel supports thanks to its technical ingenuities. FRLH is a premium sprinkler loop hanger which allows approved sprinkler systems to be installed in buildings with height adjustment and is highly corrosion resistant. FRSMN, a two-screw galvanised heavy-duty pipe clamp without a sound insulation insert, is approved for sprinkler systems and comes equipped with a double connection nut and from DN 300 with an M16 connection nut. The connection nuts are pushed through or welded all round and provide pipe fastenings with a higher bending strength. The version with two screws enables optimised adaptation to the outer diameter of the pipe, which means that pipes with an outer diameter of 15 - 521 mm can be securely fastened with threaded pipes indoors. Another new addition to the range is the ETR-L, fischer's U-bolt with a longer metric thread that offers even more flexibility on top of the ETR when fastening various pipe systems in buildings. The version with two screws enables optimised adaptation to the outer diameter of the pipe. The U-bolt is fastened to steel profiles or consoles. The fischer FETR-C channel connector allows the fischer ETR/ETR-L to be connected to the FUS channel system with ease. It can be freely positioned on all FUS channels, regardless of their hole pattern. fischer's range of products suitable for sprinkler systems includes plugs and anchors deemed suitable for sprinklers as per the VdS and FM standards and features a CE marking based on the relevant ETA. fischer's fixing solutions for sprinklers cover a vast range of applications. Pipe supports can be carried out in concrete (single and multiple fastenings), aerated concrete, trapezoidal metal sheets and in steel construction with suitable all-in-one systems.
Time of India
22 minutes ago
- Time of India
Move away from US: China exports emerge strong despite Donald Trump's tariff chaos; is the record trade surplus sustainable?
China achieved a historic trade surplus of approximately $586 billion in the first six months of the year. (AI image) China seems to have diversified its export markets away from the US, reporting a record trade surplus despite the global turmoil and uncertainty created by American President Donald Trump's tariff war. China achieved a historic trade surplus of approximately $586 billion in the first six months of the year, with exports to the United States showing signs of stabilisation despite the ongoing tariff situation that has disrupted international trade. June saw exports increase by 5.8% year-on-year, reaching $325 billion, surpassing analysts' expectation. Additionally, imports registered their first positive growth since February, rising by 1.1%, according to statistics released by the General Administration of Customs on Monday. China Finds Other Markets Apart From US Whilst exports to the United States declined by 16.1% compared to the previous year, following May's 34% decrease, Chinese businesses successfully expanded their market presence elsewhere, according to a Bloomberg report. Notably, exports to the Association of Southeast Asian Nations (Asean) member states demonstrated remarkable growth, increasing by 17% compared to the same period last year. Also Read | India-US trade deal: Indian team reaches Washington DC for fresh round of talks; Donald Trump's tariff deadline nears "China's trade withstood challenges and showed growth in the first half of the year," stated Wang Lingjun, deputy head of the customs agency, during a press briefing. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Park Crescent at Alembic City, Vadodara – Luxury Homes from ₹2.20 Cr* Onwards Alembic City West Learn More Undo "But we need to note that unilateralism and protectionism are on the rise globally, and the external environment is becoming more complex, grim and uncertain,' Wang Lingjun said according to the Bloomberg report. The redirection of exports from the US market demonstrates Chinese manufacturing sector's adaptability, providing support to their decelerating domestic economy during a particularly volatile period in global trade. China's Trade Resilience Sustainable? The sustainability of this recent performance remains uncertain, as the Trump administration seeks to restrict the movement of Chinese goods to America through third-party countries. The United States recently introduced new tariffs on its trading partners, set to be implemented from August 1. Additionally, it imposed a 50% tariff on copper imports and indicated plans for additional sector-specific duties. Also Read | Countering China: India eyes Rs 1,345 crore scheme on rare earth magnets; Indian companies express interest "The pick-up in headline export growth mainly reflected the rebound of US-bound exports in June, likely due to the substantial tariff reduction following the US-China trade talks in Geneva in May," Goldman Sachs Group Inc. economists including Andrew Tilton said in a report. "Both export and import growth surprised to the upside." Despite US tariffs on Chinese products decreasing to approximately 55% from a peak of 145% in early April, China faces increasing challenges from America's developing trade policies. A recent accord with Vietnam includes a 20% tariff on Vietnamese exports to the United States and a higher 40% duty on transshipped goods, addressing a strategy Chinese exporters have traditionally used to avoid American tariffs. This measure could reduce demand for Chinese products exported directly to the US and affect components used in supply chains across various countries. US Treasury Secretary Scott Bessent announced plans for an upcoming meeting with his Chinese counterpart to further their ongoing dialogue. The robust trade performance provides a positive signal for the economy, which has been struggling with deflation and a prolonged property sector downturn that has affected consumer spending and asset values. According to a Bloomberg survey, official data releasing on Tuesday is anticipated to reveal a 5.1% year-on-year increase in gross domestic product for the quarter ended June. "It seems the front loading of exports to the US has not ended," said Zhiwei Zhang, chief economist at Pinpoint Asset Management. "The strong exports help to partly offset the weak domestic demand and likely keep GDP growth around the government target of 5% in the second quarter." Also Read | India's tough stand against Chinese FDI: Indian electronics component makers eye tie-ups with South Korea, Taiwan firms; significant shift away from China Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Indian Express
32 minutes ago
- Indian Express
Tariff Tracker, July 14: Trump's latest tariff announcements, and the impact so far on the US
Dear reader, Last week, US President Donald Trump extended the pause on reciprocal tariffs on countries from July 9 to August 1. This was expected, given the sheer impossibility of concluding '90 deals in 90 days', as Trump originally promised in April. Over the past week, he also announced a new series of tariffs against 'foes' old and new. The onslaught began last Monday (July 7) as the United States levied tariffs of up to 40% on 14 countries, including longtime allies Japan and South Korea. In the following week, Trump announced 30% duties on imports from Libya, Sri Lanka, Iraq, Algeria, Mexico and the European Union. Canada faces 35% in duties, while all countries aligning with the 'Anti-American policies of BRICS', that is Brazil, Russia, India, China and South Africa plus five nations, face 10% additional tariffs, Trump wrote in a Truth Social post. Brunei and Moldova face 25% in tariffs, while the Philippines stands at 20%. Trump singled out Brazil for its 'witch hunt' against his close friend and former Brazilian president Jair Bolsonaro, announcing 50% tariffs. He also announced a 50% tariff on Copper following a 'robust NATIONAL SECURITY ASSESSMENT', and promised to charge up to 200% tariffs on foreign drugs. The renewed tariffs are expected to become effective from August 1. Trump announced two sets of tariffs on April 2, which he dubbed 'Liberation Day'. These included a 10% baseline tariff on all trading partners, and country-specific rates on countries with which the US has maintained trade deficits. On April 9, he paused tariffs in the second category for 90 days, promising to complete 90 deals with 90 countries in this period. By then, he had already imposed punitive tariffs for fentanyl trafficking, at 25% on Mexico and Canada, and 30% on China, to pressure the trio into imposing stricter curbs on purported fentanyl trafficking. All three categories of tariffs have been challenged in court, as they were announced under the International Emergency Economic Powers Act, 1977 (IEEPA). The Act, which allows the president to bypass congressional approval, has typically been used to impose sanctions on countries which pose a national threat. We explained the legal challenge in the May 29 Tariff Tracker, while the court order described here has since been stayed. COUNTRY-SPECIFIC TARIFFS (Source: The New York Times. *Canada and Mexico were subjected to the 25% fentanyl tariffs, while Brazil only faced the 10% baseline rate and not a country-specific tariff.) Initially, the Trump administration entered into an ever-escalating trade war with China, which was the only country that announced its own retaliatory tariffs on the US. Trump's 10% fentanyl tariff on China in February, doubled a month later, failed to achieve its objective of nudging the Chinese side into talks. Instead, China announced countermeasures targeting Liquefied Natural Gas, coal, and farm machinery, among other products. The trade war escalated with the Liberation Day tariff announcements, which at their peak, saw US tariffs on Chinese products reach 145%, while China charged 125% tariffs. China also announced an elaborate licensing system to restrict exports of rare earth minerals, holding a global monopoly of sorts on their processing. It cited a national security risk behind the decision, and commentators have deemed it a significant leverage going forward. A notional truce was achieved on May 12 following representatives' talks in Geneva, but trouble arose as the US accused China of moving at a sluggish pace in exporting rare earths to the US. The Trump administration moved to restrict access to a range of products, chemicals, software and technologies critical for the Chinese manufacture of advanced chips and jet engines. Further talks resulted in a handshake agreement on June 11 in London, suggesting a return to the terms agreed by both countries on May 12. Details of the most recent agreement remain under wraps. And what are the sector-specific tariffs? Trump announced additional 25% tariffs on steel, aluminium and automobiles under Section 232 of the 1962 Trade Expansion Act. These depend on a 2019 Commerce Department investigation calling these imports a 'national security' risk. Last month, he doubled the metals tariffs to 50%, a move he described in an executive order that would 'counter foreign countries' as they 'undercut the competitiveness' of American industries. The 'de minimis rule' was a shipping loophole that allowed Chinese exporters to sell goods, including clothes, directly to American consumers while bypassing tariffs, as long as they were priced below $800. Trump has also announced the following: * Tariffs on solar energy under Section 201 of the 1974 Trade Act, dating back to Trump's first term (2017-21). These are safeguard tariffs meant to protect domestic industries from foreign competition. * Section 301 tariffs on imports from China, punishing unfair trade practices. * Potential tariffs on pharma products and semiconductor chips under Section 232, pending an investigation into these industries. * 100% tariffs on films made outside the US. * A potential 25% duty on Apple if it continues to manufacture phones outside the US. Trump claims the tariffs have been a success. In a social media post dated July 8, he claimed that the tariffs have had 'ZERO IMPACT on Inflation', that 'Import Prices are actually DROPPING' and 'Tariffs are making our Country 'BOOM.'' As explained in previous editions of this tracker, the US President has been motivated by attempts to supposedly resolve the trade deficits the US maintains with several countries, describing this position as the US being 'ripped off' or 'subsidising' other countries. The Trump administration has also leaned on tariffs as a means to force countries to the negotiating table – Trump compared the US to a 'giant department store' in April, for which his administration will 'set the price' for countries seeking to do business with it. The reality, however, points to an inevitable path toward economic distress for American consumers. In its latest analysis dated July 11, the Yale Budget Lab noted that consumers currently face an overall average effective tariff rate of 18.7%, from 2.5% in January. The 18.7% rate is the highest since 1933, when the ill-fated Smoot-Hawley tariffs were in effect. If all the tariffs announced by the president become effective from August 1, the average tariff rate would rise to 20.6%, the highest since 1910, according to this analysis. However, one puzzling question has been how inflation has managed to remain muted, at 2.4% in June, even as the US Treasury collected a record $100 billion in customs duties and is projected to rake in $300 billion this year, according to a Fortune report. Economists have warned that the months to come could result in drastic price increases, with tariffs having only been in place for a short period. US importers have thus far borne the brunt of the tariffs, and it would be a while before these translated into higher consumer prices. The report also suggests the mass stockpiling of goods by big businesses ahead of the higher tariff rates becoming effective as another reason.
