The world’s largest marketing communications company, WPP, on Monday announced it had appointed Mark Read (pictured), 51, as its chief executive officer (CEO), putting an end to the five-month hunt for the successor to Martin Sorrell.
Read’s elevation (he was co-chief operating officer of WPP before the announcement) will give the group’s digital initiatives a boost, especially from the point of view of India, a fast-growing digital advertising market.
The nearly Rs 100-billion domestic digital ad market is expected to cross Rs 120 billion by the end of this calendar year. By 2021-22, India's digital ad market will touch Rs 180-190 billion,