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Sorrell quits WPP in 'interests of company'

Sorrell quits WPP in 'interests of company'

Business
The chief executive of WPP, the world's biggest advertising agency, has confirmed he is resigning from his post.Sir Martin Sorrell, who has been with the company for 32 years, is quitting following allegations of personal misconduct through the misuse of company assets, as revealed by Sky News on Saturday.In a statement released on Saturday, the 73-year-old told staff he was stepping aside following an internal investigation by the company."As I look ahead, I see that the current disruption we are experiencing is simply putting too much unnecessary pressure on the business," he said."That is why I have decided that in your interest, in the interest of our clients, in the interest of all share owners, both big and small, and in the interest of all our other stakeholders, it is best for me t...