Story
WPP CFO Joanne Wilson to Depart for Top Finance Role at Diageo
Summary
WPP's Chief Financial Officer Joanne Wilson is stepping down after three years to become the new CFO of beverage company Diageo. The advertising group has begun a search for her replacement and confirmed its 2026 guidance remains unchanged.
WPP Chief Financial Officer Joanne Wilson is set to depart the advertising giant to assume the same role at beverage company Diageo. WPP confirmed on Wednesday that it has initiated a formal search for her successor.
Executive Transition Details
According to the company's statement, Wilson will continue in her role as CFO and as a member of WPP's board until a new finance chief is appointed. Her final departure date is still to be agreed upon.
Key details of the transition include:
- Wilson is subject to a 12-month notice period.
- WPP has already begun a formal process to find its next CFO.
AdBusiness Outlook and Wilson's Tenure
WPP reassured investors that its financial outlook remains stable, stating its 2026 guidance, issued with its August 6 interim results, is unchanged by the announcement. The company noted that Wilson's departure comes after a three-year tenure as CFO.
During her time at the advertising group, Wilson was involved in the first phase of its Elevate28 strategy. Her move to Diageo marks a significant leadership change for WPP as it navigates its long-term growth plan.
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