Mark Read drops more hints about changing WPP

Redefining creativity, giving agency leaders more financial freedom and making client services more consultant-like are on the WPP chief's agenda.

Mark Read drops more hints about changing WPP

More evidence emerged about the direction in which Mark Read wants to take WPP at Monday morning’s "in-conversation" session at Advertising Week Europe.

Read answered questions posed by Kathleen Saxton, founder of The Lighthouse Company, including whether WPP had enough creative people in light of his promise to spend an extra £15m in that area.

"The definition of creative is much broader than it used to be," Read explained. "I think we can be too New York-centric, in a US sense, or too British-centric, in a British sense. A lot of the way the world is changing comes from Miami or LA or Portland or Korea or esports. We live in a very different world from the old advertising creative thing.

"That’s what I mean by creative… is £15m enough? It’s a start, but it’s just a reflection of what we spend overall on creative to have the very best creative talent inside the group."

Read stated that he wanted WPP to be known as an organisation staffed by brilliant creative people as well as for its individual networks to be destinations for great creative talent.

He also hinted that he is thinking about relaxing the control that the group likes to have over its agencies’ budgets.

Citing an example of how he likes to discuss ideas with clients, Read said: "I was speaking to a client on Friday and had a conversation about budgeting and control, which lots of people who work at WPP will know is a big issue, and how we can create a more empowered financial culture within the organisation where we really trust people to run the business and financially it’s less controlling."

However, Read suggested two areas that he wants the group to get to grips with in the coming years, in addition to his simplification agenda.

The first was the need to get on top of the pace of technological change that consumers are driving.

"Today, most big companies are struggling to keep up with the pace at which consumers are adopting technologies. That sort of disruption has impacted us and our clients, so what we’re really trying to do is to get ahead of that over the next two or three years."

The second area was about finding account people to deliver on the offer that he set out last year as the future focus of WPP: communications, experience, commerce and technology.

"Someone who is running a client [for us] should be able to talk about those four things," he said. "The reality is that there aren’t a lot of people who can talk about those four things.

"What we need to do is, one, look for people that can, but secondly train and equip the client leads of the future… to have a less sales-y and more consultant-like approach to working with clients."

Earlier in the day, the stage was occupied by Read’s peer Michael Roth, chief executive of Interpublic, who was speaking on the subject of corporate social responsibility alongside his client, Bank of America vice-chairman Anne Finucane.

Roth discussed IPG’s work in support of the United Nations’ Sustainable Development Goal number six, clean water and sanitation, which has seen the company get involved with Stella Artois and Matt Damon’s initiative Water.org.

Roth said: "Consumers now, and investors, are looking for companies that have values and stand for something in the marketplace.

"The truth is, how do you distinguish a brand in today’s environment, given the ecommerce that’s out there, if you don’t have values and develop a relationship with the consumer? Purpose-driven advertising is a very important component of brand-building, aside from doing good."

Topics

Become a member of Campaign from just £51 a quarter

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.co.uk ,plus get exclusive discounts to Campaign events

Become a member

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an alert now

Partner content