Omar Oakes
Apr 15, 2018

Sorrell quits as WPP chief executive

Sir Martin Sorrell has stood down as chief executive of WPP, the company has announced.

Sorrell quits as WPP chief executive

A statement released this evening confirmed that Sorrell, the founder of the world's biggest ad agency group, has left the role of chief executive with immediate effect.

However, Sorrell will assist with the transition as the company seeks a new leader.

It follows an internal investigation into an allegation of personal misconduct against Sorrell, which WPP said has now concluded.

Mark Read, chief executive of Wunderman and WPP Digital, and Andrew Scott, WPP corporate development director and chief operating officer, WPP Europe, have been appointed as joint chief operating officers of WPP.

Roberto Quarta, chairman of WPP, becomes executive chairman until the appointment of a new chief executive.

Sorrell said: "Obviously I am sad to leave WPP after 33 years. It has been a passion, focus and source of energy for so long. However, I believe it is in the best interests of the business if I step down now. I leave the company in very good hands, as the Board knows.

"Mark and Andrew and the management team at all levels have the knowledge and abilities to take WPP to even greater heights and capitalise on the geographic and functional opportunities.

"I will particularly miss the daily interactions with everyone across the world and want to thank them and their families for all they have done, and will do, for WPP."

 

Source:
Campaign India

Related Articles

Just Published

Premium
Religare tells you read or bleed
Premium
17 hours ago

Religare tells you read or bleed

Watch the commercials conceptualised by Scarecrow M&C Saatchi here

Premium
Amrita Pandey joins the Times Group as CEO of Junglee Pictures and Times Studios Originals
Premium
19 hours ago

Amrita Pandey joins the Times Group as CEO of ...

The Times Group is consolidating Junglee Pictures and Times Studio Originals under one leadership

Premium
Ravinder Siwach joins Havas Creative as NCD
Premium
20 hours ago

Ravinder Siwach joins Havas Creative as NCD

Moves from McCann Worldgroup India where he was ECD

Premium
Vandana Verma elevated as COO at ARC Worldwide