Martin Sorrell has resigned amid an investigation into alleged misconduct as the chief executive of WPP, the world’s largest advertising group, the company said Saturday, abruptly ending his decadeslong run leading the agency he helped found. In a statement, the London-based advertising behemoth said the change would take effect immediately. Roberto Quarta, the chairman of WPP, was named executive chairman until the company could appoint a new chief executive. The company said Sorrell would be “available to assist with the transition.”The company’s statement also said that Sorrell, 73, would be “treated as having retired” and that his share awards would …read more
Source: Pulse Nigeria
