Annual Report & Accounts 2020

Total Page:16

File Type:pdf, Size:1020Kb

Annual Report & Accounts 2020 WPP ANNUA WPP ANNUAL REPORT & ACCOUNTS 2020 L REPORT & A & REPORT CC OU NTS 2020 NTS 240101803_WPP_AR2020_Cover&Spine_Design_190321_SD.indd All Pages 26/03/2021 15:45 OUR PEOPLE ARE OUR COMPANY This year the design of the Annual Report is inspired by our people who, despite the many challenges of Covid-19, have been totally committed to supporting our clients, looking after each other and serving the communities in which we live and work. Thank you to everyone across the Company who kindly volunteered their images for inclusion on this year’s front cover and throughout the Annual Report. STRATEGIC REPORT WHO WE ARE What you will find in this report STRATEGIC REPORT About us 2 WPP IS A CREATIVE Highlights 3 What we do 4 TRANSFORMATION Where we are 5 COMPANY. Chief Executive’s statement 6 Key events of the year 10 Our business model 12 WE USE THE POWER OF Investment case 16 The market 18 CREATIVITY TO BUILD Our strategy 22 Key performance indicators 54 BETTER FUTURES FOR OUR Chief Financial Officer’s statement 58 PEOPLE, PLANET, CLIENTS Financial review 61 Sustainability 66 AND COMMUNITIES. Assessing and managing our risks 90 Jeremy Bullmore’s essay 102 CORPORATE GOVERNANCE Chairman’s letter 108 Our Board 112 Our Executive Committee 115 How our Board engages 117 Division of responsibilities 120 Board activities 122 Composition, succession and evaluation 123 Nomination and Governance Committee report 126 Audit Committee report 128 Sustainability Committee report 133 Compensation Committee report 134 FINANCIAL STATEMENTS Accounting policies 158 Consolidated financial statements 165 Notes to the consolidated financial statements 170 Company financial statements 199 Notes to the Company financial statements 202 Independent auditor’s report 204 Reconciliation to non-GAAP measures of performance 212 This report provides an update ADDITIONAL INFORMATION on strategic progress, financial Task Force on Climate-related performance and sustainability Financial Disclosures statement 216 activities for the year ended 31 December 2020. Other statutory information 219 Shareholder information 220 Adjustment of 30 June 2020 To learn more see wpp.com goodwill impairment 223 This icon denotes more information Five-year summary 224 within the report Financial glossary 225 Where to find us 228 WPP ANNUAL REPORT 2020 1 STRATEGIC REPORT ABOUT US MARKET The profound changes to consumer The pandemic has accelerated the trends behaviour brought about by Covid-19 on which we based our vision – growing CONTEXT demand for digital services, ecommerce have increased the need for solutions and simple, integrated offerings companies to invest in digital that bring together creativity and skills in technology and data technologies, ecommerce and new customer experiences Read more on page 18 PURPOSE To use the power of creativity to Through our own actions and our work with build better futures for our people, clients we can help to build a sustainable future and a more inclusive society planet, clients and communities Read more on pages 8 and 66 STRATEGY – A new vision and contemporary offer Our strategy aims to return WPP to – Increased investment in creativity sustainable growth, by combining creativity with expertise in technology and data, – Harnessing our strengths in data building stronger agency brands within a and technology simpler company structure, and investing in talent, leadership and inclusive workplaces – A simpler structure – Investment in our people and culture Read more on page 22 OFFER WPP provides an integrated offer With our enhanced and modernised of communications, experience, offer to clients we deliver integrated campaigns globally across digital and commerce and technology traditional platforms Read more on page 14 VALUES We want all our people to experience a culture that is open, optimistic and committed to extraordinary work OPEN OPTIMISTIC EXTRAORDINARY Read more on page 46 We are targeting a recovery to 2019 FINANCIAL Our actions will enhance WPP’s revenue less pass-through costs levels by proposition to clients and drive 2022. And 3-4% annual growth in revenue our growth less pass-through costs from 2023 Read more on page 61 2 WPP ANNUAL REPORT 2020 STRATEGIC REPORT HIGHLIGHTS Although revenue has been impacted by Covid-19 our Company has been resilient and our performance has exceeded expectations – due to our actions over the last two years to simplify and strengthen WPP, our response to the pandemic and the work of our people. FINANCIAL PERFORMANCE £46.9bn £12.0bn £9.8bn Billings Revenue Revenue less pass‑through costs (2019: £53.1bn) (2019: £13.2bn) (2019: £10.8bn) CLIENTS 325 of the Fortune Global 500 30 62 61 of the Dow Jones 30 of the NASDAQ 100 of the FTSE 100 PEOPLE 100,000 people 40% 33% 21,000+ Women in executive leadership Employees in shared campuses Technology accreditations roles (2019: 37%) (2019: 26%) and certifications earned from partners SUSTAINABILITY 0.52tCO₂e 65% 64% Carbon emissions per person Electricity purchased from of our top 50 clients have from direct operations renewable sources committed to setting (scope 1 and 2) (2019: 37%)1 science‑based carbon 1 (2019: 0.82tCO2e) reduction targets COMMUNITIES 10th Leader 100% in the FTSE 100 Rankings for in the Bloomberg Gender in the Human Rights Campaign Women on Boards, Hampton‑ Equality Index for the third Foundation’s Corporate Alexander Review (2019: 12th) year in a row Equality Index (2019: 85%) 1 These figures have been restated due to the integration of new best practice carbon emissions reporting and data reviews upon joining RE100. WPP ANNUAL REPORT 2020 3 STRATEGIC REPORT WHAT WE DO We now provide services to clients REVENUE LESS PASSTHROUGH COSTS BY BUSINESS SECTOR through fewer, stronger, integrated % ● Global Integrated creative agencies, industry-leading Agencies 75% ● Public Relations 9% media agencies, global public relations ● Specialist Agencies 16% agencies and specialist agencies. GLOBAL INTEGRATED AGENCIES Our creative services include advertising, marketing and brand strategies and campaigns across all media. We are increasing our share in targeted fast-growth areas including digital communications, healthcare, 1 ecommerce, experience, marketing technology and production. Our media offer includes the full range of media planning and buying services, delivered primarily through GroupM, the world’s leading media investment company, and its agencies. Targeted growth segments are digital media (search, social and programmatic), new business models such as Xaxis and Finecast, and data and technology. PUBLIC RELATIONS Our PR firms help clients communicate with all their stakeholders, from consumers and investors to governments and NGOs. Purpose and reputation, sustainability, and digital and social media are key growth areas. SPECIALIST AGENCIES Our specialist agencies provide services by region or type. Brand experience and 1 identity, and specialist, targeted services are the principal growth segments. 1 The visual above reflects the structure of the Company in 2020. Following the alignment of AKQA and Grey, and the creation of VMLY&R Commerce, from January 2021 AKQA and VMLY&R Commerce are reported within Global Integrated Agencies. 4 WPP ANNUAL REPORT 2020 STRATEGIC REPORT WHERE WE ARE WPP companies operate in 111 countries, REVENUE BY REGION % providing us with global reach and scale. ● North America 37% ● United Kingdom 14% Here we show our presence by region in ● Western Continental Europe 20% terms of revenue and people. ● ROW (AP, LA, AME, CEE) 29% NORTH AMERICA UNITED KINGDOM WESTERN CENTRAL & CONTINENTAL EUROPE EASTERN EUROPE (CEE) PEOPLE REVENUE PEOPLE REVENUE PEOPLE REVENUE PEOPLE REVENUE 5,000 £0.3bn 10,000 £1.6bn 21,000 21,000 £2.4bn £4.5bn Revenue Denotes the collective figure for all WPP companies in a given region or country. People1 Denotes the number of people employed by LATIN AMERICA (LA) AFRICA & MIDDLE EAST (AME) ASIA PACIFIC (AP) WPP companies in a given region or country. PEOPLE REVENUE PEOPLE REVENUE PEOPLE REVENUE 5,000 As at 31 December 2020. 10,000 £0.5bn £0.3bn £2.4bn 27,000 1 Excludes 1,000 head office employees. WPP ANNUAL REPORT 2020 5 STRATEGIC REPORT CHIEF EXECUTIVE’S STATEMENT We have made significant progress on our strategy, with stronger agency brands, new leadership, a simpler structure and a healthy balance sheet. “ OUR COMPANY’S 2020 was a tough year for everyone, from the £3.5 billion raised by asset sales, PERFORMANCE HAS including our people as they faced the meant that we entered 2020 in a strong personal and professional challenges of financial position. BEEN REMARKABLY Covid-19. Since March 16 last year, most of RESILIENT, THANKS TO them have been working, for most of the In March 2020 we took action to strengthen THE EFFORTS OF OUR time, from their homes – and dealing with all our business further, including the suspension PEOPLE AND THE the difficulties this brings. Their commitment of the Kantar share buyback scheme and final to our clients, support for one another and dividend for 2019, and a comprehensive DEMONSTRABLE VALUE contribution to the communities we serve programme of cost reduction and cash OF WHAT WE DO FOR have been a constant source of inspiration conservation initiatives, with the aim of OUR CLIENTS.” and pride. protecting as many jobs as possible. More than 3,000 senior executives, beginning Our Company’s performance has been with the Board and Executive Committee, remarkably resilient, thanks to the efforts of volunteered to take a 20% cut in their fees our people and the demonstrable value of or salary for a three-month period. what we do for our clients. While revenues were significantly impacted as clients reduced We saw five years’ worth of innovation in spending, particularly in the second quarter, five weeks as society and the economy were our performance exceeded our own digitised at amazing speed. Platforms like expectations and those of the market TikTok – with whom we signed an exclusive throughout the year. global partnership at the beginning of 2021 – saw record growth.
Recommended publications
  • 2017 Agency Family Tree
    2017 GLOBAL AGENCY FAMILY TREE TOP 10 WPP OMNICOM Publicis Groupe INTERPUBLIC Dentsu HAVAS HAKUHODO DY MDC Partners CHEIL BlueFocus (Revenue US 17,067M) (Revenue US 15,417M) (Revenue US 10,252M) (Revenue US 7,847M) (Revenue US 7,126M) (Revenue US 2,536M) (Revenue US 2,282M) (Revenue US 1,370M) (Revenue US 874M) (Revenue US 827M) OGILVY GROUP WPP DIGITAL BBDO WORLDWIDE PUBLICIS COMMUNICATIONS MEDIABRANDS DENTSU INC. DENTSU AEGIS NETWORK HAVAS CREATIVE GROUP HAKUHODO HAKUHODO MDC PARTNERS CHEIL WORLDWIDE DIGITAL Ogilvy & Mather ACCELERATION BBDO Worldwide Publicis Worldwide Ansible Dentsu Inc. Other Agencies Havas Worldwide Hakuhodo Hakuhodo 6degrees Cheil Worldwide BlueDigital OgilvyOne Worldwide BLUE STATE DIGITAL Proximity Worldwide Publicis BPN DENTSU AEGIS NETWORK Columbus Arnold Worldwide ADSTAFF-HAKUHODO Delphys Hakuhodo International 72andSunny Barbarian Group Phluency Ogilvy CommonHealth Worldwide Cognifide Interone Publicis 133 Cadreon Dentsu Branded Agencies Copernicus Havas Health Ashton Consulting Hakuhodo Consulting Asia Pacific Sundae Beattie McGuinness Bungay Madhouse Ogilvy Government Relations F.BIZ Organic Publicis Activ Identity Dentsu Coxinall BETC Backs Group Grebstad Hicks Communications Allison + Partners McKinney Domob Ogilvy Public Relations HOGARTH WORLDWIDE Wednesday Agency Publicis Africa Group Initiative DentsuBos Inc. Crimson Room FullSIX Brains Work Associates Taiwan Hakuhodo Anomaly Cheil Pengtai Blueplus H&O POSSIBLE DDB WORLDWIDE Publicis Conseil IPG Media LAB Dentsu-Smart LLC deepblue HAVAS MEDIA GROUP
    [Show full text]
  • The Joyce Foundation Betraying Donor Intent in the Windy City
    Stopping Juvenile Detention: The Joyce Foundation Betraying donor intent in the Windy City By Jonathan Hanen Summary : The Joyce Foundation’s en- dowment came from David Joyce, a lum- ber magnate who believed in the American system of free enterprise. Today the foun- dation that lives off his wealth is a hotbed of trendy, left-wing thinking and grant- making. It funds efforts to hurt the lumber industry, turn schools into union-controlled sources of Democratic Party patronage, block Americans’ gun rights, and constrict economic freedoms. Barack Obama sat on its board from 1994 to 2002, and directed the foundation’s money to causes Joyce al- most certainly would not have favored. he Joyce Foundation, based in Chicago, Illinois, was founded in T1948 by Beatrice Joyce Kean, the Leftist Ellen Alberding runs the Joyce Foundation. sole heir to the Joyce family fortune. The Joyces of Clinton, Iowa, originally made by the end of his life he was “a stockholder gave him the ownership of several plants.” their money in the lumber industry. The in twelve different sawmill plants located Joyce was “prominent in public enterprises patriarch who created the Joyce fortune was in all sections of the country, one within and contributed large amounts to various the great nineteenth-century entrepreneur eighteen miles of Lake Superior at the North religious institutions and was a subscriber David Joyce (died 1904). Of “old New and another within eighty miles of the Gulf to society and educational work.” England Puritan stock,” he was “strong, of Mexico in the South, while still another bold and resourceful.” “He was one of the was on Puget Sound.” “Mr.
    [Show full text]
  • Glover Park Group Date: March 6, 2008 Re: Food and Fuel Campaign RFP
    MEMORANDUM To: Scott Faber, Grocery Manufacturers Association From: Glover Park Group Date: March 6, 2008 Re: Food and Fuel Campaign RFP Thank you for the opportunity to present this proposal for services. The unintended consequences of America’s current corn-based ethanol policy are crying out for increased focus and attention. Already, independent-minded grassroots organizations, news media leaders and policy makers are recognizing the looming threat to the food security of Americans and vulnerable populations worldwide. In this environment, a federal agency-level or legislative solution to the economically, environmentally and socially untenable ethanol policies now in place is feasible. A range of options exist to help alleviate the problem. Examples include an EPA waiver, legislation eliminating or updating of the biofuels mandate, ending the ethanol import tariff and possibly shifting revenue from the blender tax credit to hunger abatement programs. At the same time, state governments looking to take action on climate change in the absence of clear federal leadership (or under the sway of corn ethanol interests) may soon establish undesirable policies, while other states may be reachable on reforming existing policies. We therefore have a window – albeit brief – to intervene and change funding priorities before the impacts become too great. Our opportunity and task is to galvanize grassroots, media and policy voices into a unified campaign that will impact decision makers at the state and federal level and deliver constructive shifts in policy. The Glover Park Group is an agency that was designed to help build and manage these kinds of high-intensity campaigns. We have deep experience bringing together diverse groups to organize around issues of common interest; effectively coordinating efforts among those groups; and then translating that organizational energy into effective communications blitzes that force policy makers to respond.
    [Show full text]
  • Annual Report & Accounts 2019
    ANNUAL REPORT & ACCOUNTS 2019 WHO WE ARE WPP IS A CREATIVE TRANSFORMATION COMPANY. WE USE THE POWER OF CREATIVITY TO BUILD BETTER FUTURES FOR OUR PEOPLE, CLIENTS AND COMMUNITIES. STRATEGIC REPORT Covid-19 2 Chief Executive’s statement 3 At a glance 8 Our business model 9 Investment case 10 Where we are 12 The market 14 Our strategy 16 Delivering on our strategy 18 Jeremy Bullmore’s essay 48 Remembering two industry greats 50 Financial review 52 Sustainability 58 Assessing and managing our risks 80 CORPORATE GOVERNANCE Chairman’s letter 94 Our Board 96 Our Executive Committee 98 Corporate governance report 100 Sustainability Committee report 107 Nomination and Governance Committee report 108 Audit Committee report 109 Compliance with the Code 112 Compensation Committee report 114 FINANCIAL STATEMENTS Accounting policies 140 Consolidated financial statements 147 Notes to the consolidated financial statements 152 Company financial statements 182 Notes to the Company financial statements 185 Independent auditor’s report 187 ADDITIONAL INFORMATION Taskforce on Climate-related Financial Disclosures 196 Other statutory information 198 Five-year summary 201 Information for shareholders 202 To learn more see Financial glossary 204 wpp.com Where to find us 206 WPP ANNUAL REPORT 2019 1 STRATEGIC REPORT COVID-19 The coronavirus pandemic has touched all our lives. At WPP our first priority is the wellbeing of our people and doing what we can to limit the impact of the virus on society. Our second is continuity of service for our clients. We have thrown ourselves into achieving both objectives. To ensure the safety of employees and We have also modelled a range of revenue When we come through the current to help reduce transmission, we moved declines resulting from the pandemic and, situation, the world will have been changed to a global policy of managed remote in the most extreme scenarios tested, in ways that we cannot fully anticipate yet.
    [Show full text]
  • 2019 Creative Agencies New Business League
    2019 CREATIVE AGENCIES NEW BUSINESS LEAGUE Global / Feb 2019 ESTIMATED ESTIMATED YTD RANK THIS RANK LAST OVERALL YTD No.of AGENCY RECENT WINS WIN REVENUE RECENT LOSSES MONTH MONTH REVENUE Wins (USD $ m) (USD $m) Mercedes Benz China Retainer , MillerCoors (Cape Line, Redd's 1 1 BBDO 29.0 29.0 45 Apple Ale) US AOR , Remy Martin China Pfizer China, Nestle (Content Studio) L.P.N DEVELOPMENT THAILAND 2 8 Ogilvy China, Confidential Consumer 21.3 20.1 60 AOR Goods Brand China, Maxus China 3 2 Johannes Leonardo Volkswagen US 20.0 20.0 1 Dickies US Project, Grub Hub US, 4 6 Havas Worldwide 14.5 14.5 16 Bel Brands Global Refinitiv Global, Singapore Airlines 5 3 TBWA 12.5 12.5 6 Global, Gatorade Global HPB Singapore, Ohmyhome 6 22 Publicis 11.9 DS China 11.8 35 Singapore Audi-Branding China, Yili-Yousuanru 7 4 Leo Burnett 11.2 Abbott - baby nutrition China 10.4 40 China, CarDekho.com India Geely China, Kabrita China, Porsche 8 7 Saatchi & Saatchi China Retainer, Yili International 9.7 Mondelez India 9.6 16 China TerryWhite Chemmart Australia, 9 9 VMLY&R Australian Defence Force Recruiting 8.6 8.6 36 Australia, Nature Bounty US Barclays UK, Audi UK, Volkswagen 10 12 BBH 8.0 8.0 3 UK Huawei China, Mercedes-Benz 11 10 Digitas China Project, Heineken China 7.8 7.8 20 Retainer 12 5 Deutsch Reebok Global 8.0 Target US 7.5 1 Skyworth TV China,Yinji Holiday 13 23 McCann Worldgroup Resort China, Opel Europe, Magnet 7.9 WINIX 5.9 29 Kitchens UK, Columbia Sportswears 14= 25 MediaMonks Avon Global digital content creation 5.0 5.0 1 Brixton Finishing School
    [Show full text]
  • 2020 Preliminary Results
    11 March 2021 2020 Preliminary Results Resilient performance: further recovery in Q4; net debt down to £0.7 billion; share buyback to start immediately. Well positioned to grow in 2021, in line with guidance Key figures – continuing operations +/(-)% +/(-)% £ million 2020 reported1 LFL2 2019 Revenue 12,003 (9.3) (7.3) 13,234 Revenue less pass-through costs 9,762 (10.0) (8.2) 10,847 Reported: Operating (loss)/profit (2,278) n/m3 - 1,296 (Loss)/profit before tax (2,791) n/m - 1,2144 Diluted EPS (p) (243.2) n/m - 68.24 Dividends per share (p) 24.0 5.7 - 22.7 Headline5: Operating profit 1,261 (19.2) (17.2) 1,561 Operating profit margin 12.9% (1.5)pt* (1.4)pt* 14.4% Profit before tax 1,041 (23.6) - 1,363 Diluted EPS (p) 59.9 (23.3) - 78.1 * Margin points Full year and Q4 financial highlights ◼ FY continuing operations reported revenue -9.3%, LFL revenue -7.3% ◼ FY LFL revenue less pass-through costs -8.2%; sequential recovery since initial lockdowns: Q2 -15.1%, Q3 -7.6%, Q4 -6.5% ◼ Q4 LFL revenue less pass-through costs by major market: US -6.2%, UK -7.4%, Germany -0.8%, Greater China -12.1%, India -8.9% ◼ FY headline operating margin 12.9%, down 1.5pt on prior year as cost savings of over £800 million offset the majority of the revenue decline; H2 headline operating margin +0.5pt ◼ Reported loss before tax impacted by £3.1 billion of impairments (£2.8 billion goodwill, £0.3 billion investment and other write-downs) ◼ Net debt at 31 December 2020 £0.7 billion, better than expected and down £0.8 billion year-on-year, reflecting continued strong working capital and cash management 1 Percentage change in reported sterling.
    [Show full text]
  • Who We Are (PDF
    Who we are 8 WPP ANNUAL REPORT 2009 WPP ANNUAL REPORT 2009 9 Who we are Our companies & associates Advertising Consumer Insight Prime Policy Group www.prime-policy.com ADK1 Kantar: Public Strategies www.adk.jp www.kantar.com www.pstrategies.com Bates 141 Added Value Quinn Gillespie www.bates141.com www.added-value.com www.quinngillespie.com BrandBuzz■ Center Partners Robinson Lerer & Montgomery■ www.brandbuzz.com www.centerpartners.com www.rlmnet.com CHI & Partners1 IMRB International Wexler & Walker Public Policy Associates www.chiandpartners.com www.imrbint.com www.wexlergroup.com Dentsu Y&R1,2,■ Kantar Health www.dyr.co.jp www.kantarhealth.com Grey Kantar Japan Branding & Identity www.grey.com www.jp.kantargroup.com HS Ad1 Kantar Media Addison Corporate Marketing● www.hs-ad.co.kr www.kantarmedia.com www.addison.co.uk JWT Kantar Operations BDGMcColl www.jwt.com www.kantaroperations.com www.bdg-mccoll.com Johannes Leonardo1 Kantar Retail BDGworkfutures www.johannesleonardo.com www.kantarretail.com www.bdgworkfutures.com Marsteller Advertising■ Kantar Worldpanel Coley Porter Bell www.marsteller.com www.kantarworldpanel.com www.cpb.co.uk Ogilvy & Mather Lightspeed Research Dovetail www.ogilvy.com www.lightspeedresearch.com www.dovetailfurniture.com Santo Millward Brown FITCH● www.santo.net www.millwardbrown.com www.fitchww.com Scangroup1 The Futures Company Lambie-Nairn● www.scangroup.biz www.thefuturescompany.com www.lambie-nairn.com Soho Square TNS Landor Associates■,● www.sohosq.com www.tnsglobal.com www.landor.com Tapsa Other marketing
    [Show full text]
  • FARA Second Semi-Annual Report
    U.S. Department of Justice Washington, D.C. 20530 Report of the Attorney General to the Congress of the United States on the Administration of the Foreign Agents Registration Act of 1938, as amended, for the six months ending December 31, 2018 Report of the Attorney General to the Congress of the United States on the Administration of the Foreign Agents Registration Act of 1938, as amended, for the six months ending December 31, 2018 TABLE OF CONTENTS INTRODUCTION ................................................... 1-1 AFGHANISTAN......................................................1 ALBANIA..........................................................2 ALGERIA..........................................................3 ANGOLA...........................................................4 ANTIGUA & BARBUDA................................................5 ARGENTINA........................................................6 ARMENIA..........................................................7 ARUBA............................................................8 AUSTRALIA........................................................9 AUSTRIA..........................................................11 AZERBAIJAN.......................................................12 BAHAMAS..........................................................14 BAHRAIN..........................................................15 BANGLADESH.......................................................17 BARBADOS.........................................................19 BELGIUM..........................................................20
    [Show full text]
  • Printmgr File
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ‘ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR È ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended 31 December 2020 OR ‘ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ‘ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report For the transition period from to Commission file number 001-38303 WPP plc (Exact Name of Registrant as specified in its charter) Jersey (Jurisdiction of incorporation or organization) Sea Containers, 18 Upper Ground London, United Kingdom, SE1 9GL (Address of principal executive offices) Andrea Harris Group Chief Counsel Sea Containers, 18 Upper Ground, London, United Kingdom, SE1 9GL Telephone: +44(0) 20 7282 4600 E-mail: [email protected] (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act. Title of each class Trading Symbol (s) Name of each exchange on which registered Ordinary Shares of 10p each WPP London Stock Exchange American Depositary Shares, each WPP New York Stock Exchange representing five Ordinary Shares (ADSs) Securities registered or to be registered pursuant to Section 12(g) of the Act. Not applicable (Title of Class) Not applicable (Title of Class) Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act.
    [Show full text]
  • Simpler Structure Clients
    STRATEGIC REPORT OUR STRATEGY SIMPLER STRUCTURE CLIENTS The new WPP is built around the needs of clients. How we are delivering on our strategy ACCESS TO THE BEST OF WPP Progress in 2019 “CLIENT-CENTRICITY Client-centricity runs through every aspect – Appointed 17 Global Client KEEPS US FOCUSED of our strategy. It means simplifying our Leaders to head up our most structure, building solutions tailored to important client relationships AND FRESH.” clients, and making available our best talent – Won 18 new major global Lindsay Pattison and cutting-edge capabilities – all in service accounts Chief Client Officer of client growth and satisfaction. – Expanded almost half of our existing top-50 client Many of our clients have Global Client relationships Leaders assigned to ensure easy and expert access to the breadth and depth of WPP. Focus for 2020 They play a critical role in setting our clients – Support clients and help up for success in the modern marketing them chart a course through world, delivering our expanded offer of the Covid-19 pandemic communications, experience, commerce – Establish a best-in-class and technology (see page 19). customer feedback satisfaction system – Continue to strengthen central resources for high-impact engagements, including more resource in the United States 36 WPP ANNUAL REPORT 2019 OUR STRATEGY STRATEGIC REPORT COMPANIES Our streamlined company structure delivers what our clients need. How we are delivering on our strategy A SIMPLIFIED PORTFOLIO Progress in 2019 “WPP TODAY IS The mergers to create VMLY&R and – Sale of 60% share in Kantar SIMPLER, EASIER TO Wunderman Thompson combined brilliant – 22 disposals of non-core MANAGE AND EASIER creativity, expertise in data and sophisticated businesses technology skills.
    [Show full text]
  • Annual Report & Accounts 2017
    Annual Report & Accounts 2017 Accounts & Report Annual Annual Report & Accounts 2017 Report &Annual Accounts Visit us online Annual Report wpp.com/annualreport2017 Pro bono work 2017 wpp.com/probono/2017 You can sign up to receive WPP’s public monthly online news bulletin at wpp.com/subscriptions Follow us on Twitter twitter.com/wpp Become a fan on Facebook facebook.com/wpp Watch us on YouTube youtube.com/wpp Connect with us on LinkedIn linkedin.com/company/wpp This year, our Annual Report takes its visual cue from commissioned work created especially for us by illustrator Christopher Corr. The brief was simple. Convey in images the global creative strength that distinguishes WPP – with its unrivalled repertory of talent, a global team of 203,000 people, possessing between them every skill required to launch, defend, reimagine and expand clients’ businesses. More information on the artist, see inside back cover. Contents The big picture How we behave and how we’re rewarded 2 The fast read 81 Letter from the Chairman of the Company 4 Who we are 83 Review of the Company’s governance and 6 What we do the Nomination and Governance Committee 8 Where we are 86 Review of the Audit Committee 89 Letter from the Chairman of the How we’re doing Compensation Committee 90 Performance at a glance 11 Financial summary 92 Compensation Committee Report 14 Strategic report to share owners 105 Implementation of reward policy for 16 Geographic performance management outside the Board 18 Sector performance 20 Financial commentary About share ownership 24
    [Show full text]
  • First Name Last Name Job Title Company Type Company Name Hank Beaver VP, Group Account Director Ad Tech
    First Name Last Name Job Title Company_Type Company Name Hank Beaver VP, Group Account Director Ad Tech - Platform 360i Kristen Baker VP Ad Tech - Platform 360i Heather Chancey Account Director Ad Tech - Platform 360i Blake Ivie Director, Integrated Media Ad Tech - Platform 360i Michaela Haswell Associate Media Manager Ad Tech - Platform 360i Marla Kaplowitz CEO Trade Body 4A's R Lee Barstow VP Revenue Operations Publisher A+E Networks Joe Catanzaro VP, Revenue Operations & Yield Ad Tech - Platform a4 media pty Dan Riccio VP, Advertising Insights & Ad Operations Publisher Al Jazeera Cooper Greene Agency Partnerships Ad Tech - Platform Ampersand Megan Kasler Associate Director of Marketing & Communications Media Agency Amplifi USA/ dentsu Timothy Chung Technical Account Manager Media Agency Annalect Anny Buakaew Director Media Agency Annalect Nicole Lewis Associate Director Media Agency Annalect Kristopher Schmelzer Senior Account Manager Media Agency Annalect Ashley Lai Senior Account Manager Media Agency Annalect Genie Gilder Assistant Vice President Marketing Advertiser Aon Corporation Delia O'Donnell Buyer Ad Tech - Platform APEX EXCHANGE, LLC Jason Wulfsohn COO & Co-Founder Ad Tech - Platform AUDIENCEX Steve Bligh-WIlliams Director, Paid Media Media Agency Aurum Producciones SA Tara Craze VP, Digital Media Agency Aurum Producciones SA Nora Okonski Senior Director, Revenue Operations Publisher Axios Kathleen Pratt Director, Ad Operations Publisher Axios Media Terri Schriver SVP Enterprise Customer Engagement & Investment Advertiser Bank of America paul D'Urso Head of Digital Taxonomy and Projects Publisher Bauer Media Paul Gelb Head of Social and Programmatic Advertiser Bayer Courtney Greenspan Head of AdOps, North America Publisher BBC Melissa Chapman Collaborator Consultancy Beeler Tech LLC Rob Beeler Founder & CEO Consultancy Beeler.Tech Ariel Anderson Media Director Media Agency Best Buy Co., Inc.
    [Show full text]