(Reuters) – Britain’s WPP (LON:) is about to choose former BT Group (LON:) chief Philip Jansen as its new chair, the Monetary Instances reported on Tuesday, citing individuals aware of the matter.
Jansen is about to succeed present WPP chair Roberto Quarta and the choice could possibly be introduced as early as Tuesday, the report added.
WPP didn’t instantly reply to a Reuters request for remark.
Quarta has been the chairman of WPP, the world’s largest promoting firm, since 2015.
In January, Sky Information reported that Jansen had been approached about turning into the following chair of WPP.
This report comes at a time when the London-based firm, which owns the Ogilvy and GroupM businesses, grew to become a transparent laggard amongst international advert corporations with an natural income drop in its first-quarter outcomes introduced in April, damage by much less spending from tech purchasers, a downturn in China and the lack of enterprise from Pfizer (NYSE:).
Philip Jansen had introduced in July 2023 that he would step down from his function as chief government of BT Group, informing the telecoms supplier’s board that he would go away inside the subsequent 12 months. He was subsequently changed by Allison Kirkby, the primary feminine CEO of the corporate.