WPP Chief Executive Martin Sorrell Steps Down

Martin Sorrell, chief executive of advertising giant WPP PLC, has stepped down with immediate effect following the conclusion of a company probe into an allegation of personal misconduct.

The company said Mark Read, chief executive of WPP agency Wunderman, and Andrew Scott, WPP corporate development director and chief operating officer, Europe, have been appointed as joint-chief operating officers of WPP. Roberto Quarta, chairman of WPP’s board, will take on the role of executive chairman until a new CEO is appointed

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