Sir Martin Sorrell has resigned from WPP, the world’s largest advertising group, ahead of the findings of an investigation into alleged personal misconduct. Roberto Quarta, the WPP chairman, has taken the role of executive chairman until a replacement for Sorrell can be found. Martin Sorrell: giant of the advertising world in yet another tight spot Read moreWPP said Sorrell would be “available to assist with the transition”. However, investors and analysts believe that, given the scale of WPP, Sorrell’s successor must be an external candidate. WPP recently reported its worst performance since the advertising recession in 2009, which Sorrell described as “not a pretty year”.

Source: The Guardian April 14, 2018 21:49 UTC