New chief exec could receive half of what Martin Sorrell earned in last full year in charge
WPP is understood to be in talks with its new boss, Mark Read, about a pay package worth about £7m annually if he is able to successfully turn around the fortunes of the world’s largest marketing services agency.
If the terms are agreed, Read, who could be confirmed as WPP’s new chief executive as soon as Tuesday, will be in line to receive about half of what his predecessor, Sir Martin Sorrell, earned for his last full year with the company.
Related: Spectre of Martin Sorrell haunts ad firm as new chief steps in
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