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CANNES, France—In what may be the least surprising bit of ad industry news to emerge in the past three months, Martin Sorrell confirmed today that for the past “eight, nine, 10 years,” the plan at WPP had been to have Wunderman CEO Mark Read and chief operating officer Andrew Scott take over as co-CEOs in the event of his own departure.
Sitting in an Irish pub on the Cannes bay with editor Stephen Lepitak of The Drum, Sorrell said, “there has been a succession plan, and it was planned on the basis of [me being] hit by a bus—which I guess I was—or shot.”
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