Friday June 5, 2020

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

16th April, 2018
Martin Sorrell 'the glue that held WPP together'. Pic: Getty

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.

The shares fell as much as 6.6 per cent in London on Monday with WPP’s future strategy now unclear. Sorrell, who turned a 1985 investment in a wire shopping basket manufacturer into...

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