Gurjit Degun
Jan 29, 2019

Sir Martin Sorrell forced to repay £170k to WPP

Costs are reported to be for personal expenses over several years.

Sir Martin Sorrell
Sir Martin Sorrell

Sir Martin Sorrell has been asked to repay about £170,000 in personal expenses back to WPP.

The Wall Street Journal reported that the former boss of the holding company, which owns Ogilvy, Wunderman Thompson and Group M, had charged a ski trip, travel for his wife and child and items for an apartment in New York to WPP over a number of years.

According to the WSJ, Sorrell has repaid £170,000. However, WPP is seeking further reimbursement for other expenses, including a vacation.

Sorrell’s departure as chief executive of WPP in April last year came as a shock to the industry. He was quick to return to the business, however, setting up S4 Capital in the summer. S4 Capital has since acquired and merged with content production company MediaMonks.

A spokesman for Sorrell said: "All Sir Martin’s expenses were regularly scrutinised and approved by WPP management, the audit committee and the board, and were audited annually. Although Sir Martin is still a top 10 WPP share owner, he is focused on building S4 Capital."

A WPP spokesman said: "We can confirm that an amount has already been received and we have an ongoing dialogue regarding further sums."

Source:
Campaign UK

Related Articles

Just Published

7 hours ago

Trigger warning: This Hyundai ad is scary on purpose

AnalogFolk's campaign for the Australia launch of the i30 N-Line sedan sets a definite tone. If you can't bear to watch, the agency suggests, then this is not the car for you.

7 hours ago

Consumers in key APAC markets demand more collective...

During the pandemic, nearly two-thirds of consumers expect brands to innovate to look after their health and safety.

7 hours ago

Seven questions leaders must ask to futureproof the ...

Agencies can futureproof by embracing the now and the next with an open mind, while challenging legacy ways of working and understanding how to pivot quickly, writes the global CEO of UM.