0937 GMT - WPP's CEO Mark Read departure is a sign that investors have waited long enough for a change in order to revive the group's share price, AJ Bell's Russ Mould says in a note. Read has been unable to reposition WPP amid the structural upheaval in the advertising industry caused by the rise of social-media networks and artificial intelligence, Mould says. "The share price falling further on Read's departure news is a sign that investors are all too aware of the problems at hand. WPP needs a complete overhaul and that won't come easily or quickly," he adds. Additionally, the lack of a successor adds uncertainty, and more tech-savvy rivals could outpace the U.K. advertising and marketing-services group. Shares are down 2.2% at 546.60 pence. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
June 09, 2025 05:43 ET (09:43 GMT)
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