Taking Different Approaches, WPP, Omnicom Set Annual Meeting Dates

Omnicom and WPP have set their annual meetings for June 9th and 10th, respectively.

The holding companies are taking different approaches this year due to the pandemic.

Omnicom is taking a “hybrid” approach, scheduling a physical meeting at the firm’s barter trading unit Icon International in Greenwich, CT, while shareholders have the option of attending via online conference.

WPP is holding a physical meeting at its headquarters in London that is closed to shareholders, who will be able vote by proxy online and also submit questions in advance of the meeting.

Earlier, IPG set its meeting for May 21st in person in New York but is holding open the option of converting to an online gathering. The company is expected to make a final decision early next week. 

On the CEO pay front, Omnicom chief John Wren raked in total 2019 compensation of $19.8 million about $4 million less than the $23.9 million he earned in 2018.

Mark Read, in his first full-year as WPP CEO earned total compensation last year of £2.6 ($3.25 million), more than doubling his earnings from the prior year.

As previously reported IPG CEO Michael Roth had total compensation last year of $16.5 million.




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