Cindy Rose briefing analysts.
Directors on the board of WPP are reportedly considering giving new CEO Cindy Rose a better pay package.
The Times reports that the remuneration committee members have been discussing CEO and senior executive pay with some of the company's largest shareholders.
“Members of the remuneration committee have discussed improved terms for Cindy Rose and other senior staff, which would be voted on at the annual general meeting,” The Times reported.
Rose took over at WPP, once the world’s biggest advertising group, in September on a base salary of £1.25 million, with the usual short and long-term incentives.
She arrived with WPP facing client losses and fading new business.
Rose has been building a turnaround plan to be revealed early this year.
She wants to simplify and integrate the client offering, harness a data and AI advantage, improve execution, build a high-performance culture, expand the addressable market through enterprise and technology solutions, and improve financial performance through efficiencies and a disciplined approach to capital allocation.
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