Sir Martin Sorrell quits as WPP boss after investigation launched into personal misconduct allegations
'I believe it is in the best interests of the business if I step down now'
Sir Martin Sorrell, has quit as chief executive of the world's largest advertising agency WPP, less than a fortnight after it was confirmed the company was investigating an allegation of personal misconduct against him.
The 73-year-old said he was obviously “sad” to be leaving the firm he founded 33-years ago.
“It has been a passion, focus and source of energy for so long,” he said in a statement. “However, I believe it is in the best interests of the business if I step down now.”
Read more WPP boss Sir Martin Sorrell is under investigation The company stunned the industry last week when it said it had appointed lawyers to investigate alleged misconduct by Sir Martin, who turned a two-man outfit into the world's biggest advertising group with 200,000 employees.
He denied any misconduct “unreservedly”.
But in a letter to WPP staff published late he said the “current disruption” was ..