New York-based Russell Reynolds hired to aid search as ad firm tries to steady ship following departureWPP has hired a New York-based recruitment firm as it begins the global search to replace founder and chief executive Sir Martin Sorrell. Russell Reynolds, a top five global executive search firm, is understood to be working with Frances Illingworth, WPP’s global head of recruitment. The move to bring in an external executive search firm is extremely rare for WPP, which traditionally handles most of its executive recruitment in-house. WPP issued a number of warnings about growth last year on its way to reporting its worst financial year since the 2009 recession. The influential shareholder advisory firm Glass Lewis said it would prefer WPP to publish the report but that it accepted this was unlikely to happen.

Source: The Guardian April 17, 2018 12:59 UTC