Martin Sorrell quits as head of world's biggest ad group WPP
Updated : April 15, 2018 09:34 PM IST
Sorrell, who built WPP into the world’s biggest advertising agency through 33 years of dealmaking, quit after an allegation of personal misconduct.
The company will consider internal and external candidates for the top job in a process that could take several months.
Analysts have speculated that the sprawling group, which was being restructured after a year of lower spending from some clients, could now sell off some assets if led by different management.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more