WPP (LON:WPP) said on Tuesday that it will appoint Sainsbury’s (LON:SBRY) John Rogers as Chief Financial Officer.
Shares in WPP were up during trading on Tuesday.
John Rogers is currently the Chief Executive Officer of Sainsbury’s Argos. In this position, he has supervised the digital transformation of the business.
In his role at Sainsbury’s Argos, John Rogers was a contender to take over from Mike Coupe, the CEO of Sainsbury’s.
Moreover, John Rogers was Chief Financial Officer of Sainsbury’s from 2010 to 2016.
Last week Sainsbury’s announced that it had experienced an improved sales momentum across all business areas, whilst also revealing that it will be opening and closing many supermarket, Argos and convenience stores.
WPP said that John Rogers will join its multinational advertising and public relations business in early 2020 and will receive an annual salary of £740,000.
“John is not only an accomplished CFO, but also a leader with extensive experience of business transformation,” Mark Read, CEO of WPP, said in a statement.
“His priority will be to lead a finance function that best fosters investment in creativity, technology and talent in support of WPP’s new strategy for growth,” the CEO continued.
“I am really excited to be joining WPP as it embarks on the next stage of its evolution. As a technology-driven business with creativity at its heart, joining WPP was an opportunity impossible to resist and I look forward to playing my part in helping the business deliver its new strategy,” John Rogers commented on his appointment.
Shares in WPP plc (LON:WPP) were trading at +1.08% as of 13:44 BST Tuesday.
Shares in J Sainsbury plc (LON:SBRY) were also up trading at +1.00% as of 13:45 BST Tuesday.