WPP (WPP) AGM 2026 summary

Opening remarks and agenda

• Chair welcomed shareholders, confirmed quorum, and introduced Board and executive team, highlighting recent leadership transitions and strategic review completion.

• Meeting structure included business performance update, strategy presentation, and outlined strategic focus for 2026.

Board and executive committee updates

• Cindy Rose appointed CEO in July 2025, succeeding Mark Read; Andrew Scott retired as COO.

• Peter Agnefjäll to join as non-executive director in May 2026, bringing expertise in customer-centric transformation.

• Anne-Isabelle Choueiri appointed Chief Transformation Officer and Mark Taylor as Chief People Officer.

• Board skill set under ongoing review to align with future needs.

Financial performance review

• 2025 like-for-like revenue/net sales fell 5.4% due to client losses and cautious spending.

• Headline operating margin was 13%, down 180 basis points; diluted EPS GBP 0.632, down 28.4%.

• Adjusted operating cash flow before working capital was GBP 1,189m.

• Full-year dividend for 2025 was GBP 0.15, down from GBP 0.394 in 2024.

• Q1 2026 net sales down 6.7% like-for-like, exceeding market expectations and improving on Q4.