Sorrell exit leaves ad giant WPP vulnerable
Sorrell’s departure puts WPP’s omissions in grooming a successor to its founder into sharp focus. It also raises the prospect of a split, as WPP loses the man holding the empire together
Martin Sorrell’s abrupt exit from WPP leaves the advertising empire in search of a new chief executive for the first time and vulnerable to a break-up, as the sprawling network of agencies faces its biggest challenges since the global financial crisis.
Sorrell’s departure late on Saturday from the world’s largest ad company puts WPP’s omissions in grooming a successor to its 73-year-old founder into sharp focus, even with shareholders long flagging the issue. It also raises...
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