WPP’s Co-COO Mark Read Reassures Staff in Post-Sorrell Memo Sent to All 200,000 Employees

Note discourages rumors of a holding group breakup

Read and Andrew Scott assumed the co-COO role when Sorrell stepped down. WPP

Mark Read, the Wunderman CEO who has become one of WPP’s two de facto global leaders in the wake of Martin Sorrell’s abrupt resignation over the weekend, expressed his confidence in the company’s future in an extended memo that went out to each of its approximately 200,000 employees around the world this morning.

@PatrickCoffee patrick.coffee@adweek.com Patrick Coffee is a senior editor for Adweek.