WPP’s Sir Martin Sorrell Resigns
As WPP's founder & CEO resigns, there is speculation over who will replace him, what Sir Martin Sorrell will do next and what this means for the future of the company.
Late on Saturday night, WPP released a statement confirming that its founder and long-standing chief executive, Sir Martin Sorrell, had quit following investigations into his alleged personal misconduct and improper use of company funds.
Sorrell, 73, stepped down before the findings of the internal investigations had been revealed, although they have since concluded that “the allegation did not involve amounts that are material,” according to the statement.
Sorrell denied any wrong-doing and WPP hasn’t commented on the allegations…to continue reading please subscribe now
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