WPP to Discontinue Operations in Russia
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FOR IMMEDIATE RELEASE |
4 March 2022 |
WPP PLC ("WPP")
WPP Announces Decision to Discontinue Operations in Russia
WPP stands with Ukraine and the international community in condemning the Russian invasion, which has created a humanitarian crisis in the heart of Europe. The Board of WPP has concluded that WPP's ongoing presence in Russia would be inconsistent with our values as a company, and we are therefore discontinuing our operations in the country.
WPP has nearly 1,400 people in Russia who have been dedicated and valued members of our organisation, and we thank them for their commitment to the company and our clients. We deeply regret the impact of this decision on our Russian colleagues. We will provide support to them and work closely with our clients and partners as we discontinue our activities in the country.
Our 200 people in Ukraine have shown extraordinary resilience and bravery in the face of the horrific attack on their country, and we have been inspired by their example and the outpouring of support from their colleagues in the region and worldwide. We are in constant contact with our leaders in Ukraine to provide financial and other forms of practical assistance for our employees.
WPP has partnered with UNHCR, the UN Refugee Agency, to run an emergency fundraising appeal to help people forced to flee their homes in search of safety in other parts of Ukraine or neighbouring countries. We are also match-funding all donations by WPP employees.
Notes to editors
Russia represented 0.6% of WPP's revenue less pass-through costs in 2021.
Further information
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Chris Wade |
+44 (0)20 7282 4600 |
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Richard Oldworth |
+44 (0)7710 130 634 / +44 (0)20 7466 5000 |
About WPP
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