Penn’s Stagwell Group fund invested $100 million in the debt-ridden holding company.
Former chief executive would have got an estimated $6.6m more if WPP’s share price had not dropped.
All was not well at WPP during Sir Martin Sorrell’s final year in charge and, as the first anniversary of his shock exit looms, revenues keep sliding. New chief executive Mark Read is warning of a third year of decline in 2019 and a long turnaround in prospect.
Ed Mitzen is the founder of Fingerpaint.
“To walk in the room and to be the only person of color is not a rarity at all once you get to a certain level,” says Mahmud. She spoke with MM&M about what it takes to ensure marketing reflects diverse perspectives.
The firm said about half of the increase was from new clients.
Like-for-like revenue at Huntsworth’s comms agencies fell 5.1% in 2018 – and declined by 7.6% at Grayling, although that agency became more profitable in both the UK and the US.
Jones will serve as senior partner and head of the health and wellness group.
Despite the focus on equality, the pay gap remains stagnant at many WPP agencies and, indeed, the wider industry.
The network would give the firm space to add services through acquisitions and organic growth.
Canney starts in June and takes over from Mark Linaugh.
The agency, which has worked with some of the biggest brands in health and pharma, wants to make sure it’s recognized for that work.