WPP names Sainsbury's boss as new CFO
London-based advertising firm WPP has named John Rogers as its new Chief Financial Officer.
Rogers is currently Chief Executive Officer of Sainsbury’s Argos, where he has overseen the digital transformation of one of the UK’s leading technology-driven businesses.
Today around 65% of the company’s sales are online, via the UK’s third most visited retail website.
He was Chief Financial Officer of J Sainsbury from 2010 to 2016, responsible for business strategy, new business development, Sainsbury’s Online, operational efficiency and Sainsbury’s Bank, in addition to core finance functions.
Previous roles with J Sainsbury include Property Director, Director of Group Finance and Director of Corporate Finance.
He was Group Finance Director of Hanover Acceptances Ltd and has held senior positions with Monitor Company (now Deloitte) and Arthur Andersen.
Rogers has worked in China, India, Japan, South Africa and the USA, and throughout Europe. He is a member of the Sainsbury’s Bank board, a non-executive director of Travis Perkins and a member of The Prince’s Accounting for Sustainability Advisory Council.
He also sits on the Retail Sector Council, which acts as a point of liaison between the UK Government and retail sector.
He will join WPP in early 2020, when he will also become a member of the Board, WPP said. He succeeds Group Finance Director Paul Richardson, who as previously announced is retiring from the company.
Commenting on the appointment, Mark Read, CEO of WPP, said: “John is not only an accomplished CFO, but also a leader with extensive experience of business transformation.
“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.
“I would like to thank Paul for his tremendous contribution over more than two decades with the company, and for his part in making WPP the world leader it is today.”
Rogers said: “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.”
WPP said John Rogers will be paid an annual salary of £740,000, plus a bonus amounting to 225% of his salary with a mandatory deferral of at least 50% of bonus into shares deferred for a two-year period.