EXCLUSIVE: After 10 years with WPP, Patrick Xu, the company's country manager and CEO for GroupM China, has resigned. His role will be split and replaced by existing WPP senior executives, Rupert McPetrie and Chris Reitermann.
The executive was terminated following a post by Shanghai's economic police, alleging that multiple former employees of an ad agency in China had taken advantage of their positions and facilitated large bribes.
Following yesterday’s report in Campaign Asia-Pacific, the Shanghai Economic Investigations Department has released an official statement implicating three members of GroupM on bribery charges, including two former employees.
The latest detainment comes as China continues to crack down on foreign companies’ conduct in light of evolving data, security and corruption laws.
SHANGHAI - GroupM China has appointed Patrick Xu (徐俊) as its new chief executive officer effective March 2014, replacing Bessie Lee (李倩玲) who moved to WPP earlier this year.
Early developers of 3D TV pushed for its adoption as long as 15 years ago, but the concept is finally moving on from a pipe dream to a reality. Yet after all the hype, what will 3D TV actually offer brands and media outlets?
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