WPP Chief Operating Officer, Andrew Scott, has been appointed an Executive Director to the holding company’s board.
Scott joined WPP in 1999 as Director of Corporate Development. He held a number of other senior roles including Chief Operating Officer for Europe before being appointed global Chief Operating Officer in 2018.
Scott and WPP CEO Mark Read jointly ran the company as Co-Chief Operating Officers during the turbulent time between April 2018, when then-CEO Martin Sorrell was forced out of the company until September of that year when Read was named permanent CEO. Scott has been COO since that time.
Roberto Quarta, Chairman of WPP, stated: “Andrew brings to the Board a deep understanding of our business from his 24 years with WPP and the significant contribution he has made to our success during that time.”
Read added: “This appointment recognizes the key role that Andrew plays in the company, and the importance of continuously improving our operational effectiveness.”
The firm said that in addition to director’s compensation, Scott will receive an annual base salary of £725,000 in line with his existing compensation agreement; be eligible to receive annual bonus and executive performance share plan awards in line with the WPP compensation policy; be subject to shareholding requirements in line with the policy; and receive a pension contribution in line with those of the wider workforce in the UK.
Scott currently holds 719,717 ordinary shares in the company.
He was previously a director of Scangroup plc (a subsidiary of WPP) and resigned the post in August of last year.