WPP's new CEO starts with a profit warning for the UK ad group

Core Viewpoint - WPP has issued a profit warning following a disappointing 5.9% decline in third-quarter net revenue, highlighting the challenges faced by new CEO Cindy Rose in revitalizing the advertising firm [1] Group 1: Financial Performance - WPP reported a 5.9% drop in third-quarter net revenue, which was worse than market expectations [1] - The decline in revenue underscores the difficulties in the advertising sector, particularly for WPP as it navigates a competitive landscape [1] Group 2: Leadership Challenges - New CEO Cindy Rose is tasked with the challenge of turning around the company's performance amid declining revenues [1] - The profit warning indicates significant pressure on the leadership to implement effective strategies for recovery [1]