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Sorrell to end 32-year career at helm of WPP

Sorrell to end 32-year career at helm of WPP

Business
Sir Martin Sorrell is bringing the curtain down on a 32-year career as chief executive of WPP Group, the ‎marketing services giant, weeks after its board launched a probe into an allegation of improper personal conduct.Sky News has learnt that WPP, which owns a string of international advertising and media buying networks supplying many of the world's biggest companies, is preparing to announce Sir Martin's departure as soon as Saturday night.His resignation will be one of the most significant ‎exits of a FTSE-100 chief executive for many years.WPP plans to announce that‎ Mark Read, the chief executive of Wunderman, an agency network it owns, and Andrew Scott, chief operating officer of the group's European business, will take over as interim joint chief operating officers.Roberto Quarta,
Rubenstein to quit helm of pensions lifeboat

Rubenstein to quit helm of pensions lifeboat

Business
The boss of the UK pensions lifeboat is to step down after a near-nine year tenure in which he steered it to a more robust funding position amid a yawning chasm in defined benefit retirement schemes.Sky News has learnt that Alan Rubenstein is to quit his role as chief executive of the Pension Protection Fund (PPF) early next year.An ‎announcement will be made about Mr Rubenstein's departure on Monday, and officials at the Department for Work and Pensions have been briefed about his decision, a Whitehall source said.It will come a year after the PPF was ‎thrust into the public spotlight following the collapse of BHS, which left 20,000 retirement scheme members facing an anxious wait for news about their pension pots.The PPF played a significant role in discussions about the deal ‎- includin