The Wall Street Journal is reporting that the global marketing and ad firm WPP has chosen Mark Read as its new chief executive.
Read is currently the head of Wunderman, a WPP subsidiary involved in direct marketing, consulting and e-commerce. The Wall Street Journal cited a person familiar with the matter in reporting that Read would succeed WPP founder Martin Sorrell.
Sorrell left WPP in April after the company investigated allegations of personal misconduct.
Richard Oldworth, a spokesman for WPP, declined to comment and said the company would not so until there is agreement about the new CEO.