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

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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.

According to one source, his is the first such memo to be sent simultaneously to all staff about Sorrell; previously notes about Sorrell’s departure only went to senior management, who were encouraged to distribute to their teams as they saw fit.

“Over

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