The network sees revenue drop 14.1% and EBIT down 32.6% in 2020, but says business was more stable towards the end of the year.
Long experience in crisis-management helped Katherine Williams guide WPP AUNZ’s Queensland Group through 2020. No one familiar with her history of success at MediaCom could have been surprised.
The network says it is on track to meet cost-savings targets for 2020, but forecasts a gloomy year-end period.
The longtime creative- and media-agency leader ends a 45-year run with WPP and WPP AUNZ, which included time at JWT, Mindshare, GroupM and the holding company itself.
Sales dropped 14.3% and operating profit plunged 61.5% in the first half, but cost savings helped the company exceed forecasts.
Senior management salary cuts, shortened work week, consolidation of real estate among measures to control costs.
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