WPP taps Britvic's Joanne Wilson for CFO

Advertising group WPP said on Tuesday that chief financial officer John Rogers had decided to step down from the company following the finalisation of its full-year results.

Rogers, who took over as CFO in 2019, will be replaced by current Britvic CFO Joanne Wilson in the first half of 2023. To ensure a smooth transition, Rogers will remain available until "later next year".

WPP chief executive Mark Read said: "I would like to thank John for his leadership and for his contribution to WPP over the last three years. During that time he has led the reorganisation of our finance function, helped the company navigate the financial challenges of the pandemic, and laid the foundation for our transformation programme.

"Joanne is a highly regarded CFO and leader. Beyond her financial credentials, her extensive experience in data, retail and ESG is especially valuable given their importance to our business and our client base."

Over at Britvic, the soft drinks maker said the process for Wilson's replacement was now underway.

As of 0810 GMT, WPP shares were down 1.02% at 797.40p, while Britvic shares were down 0.47% at 744.50p.

Reporting by Iain Gilbert at Sharecast.com