Sir Martin Sorrell, chief executive of the world’s largest advertising agency network, WPP, has resigned from his post following an investigation being held by the company.
Both WPP and Sorrell released statements on Saturday evening (14 April) to announce the decision, alongside the move to make Mark Read, chief executive officer of Wunderman and WPP Digital, and Andrew Scott, WPP’s corporate development director and chief operating officer, Europe, as joint chief operating officers of WPP.
Meanwhile, Roberto Quarta, chairman of WPP, will become executive chairman until the appointment of Sorrell’s full-time successor is made.
Source: The Drum
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