Simon Gwynn
Apr 15, 2018

Sorrell exit could spell the end for WPP, analysts say

Sir Martin Sorrell's resignation as chief executive of WPP could lead to a break-up of the company and spark other major changes to the shape of the industry, according to analysts.

A statement released on Saturday evening confirmed that Sorrell had stepped down from the role with immediate effect.

The news follows an investigation into allegations of personal misconduct by Sorrell, which WPP said has now concluded.

The holding company has appointed Mark Read, chief executive of Wunderman and WPP Digital, and Andrew Scott, WPP corporate development director and chief operating officer, WPP Europe, as joint chief operating officers.

WPP...

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