Martin Sorrell, head of WPP, world's largest ad agency, steps down

April 15, 2018 10:57

Martin Sorrell -- arguably the most powerful advertising executive in the world -- has 'retired' as CEO, WPP, the advertising titan which owns 400 companies including in India.

Sorrell -- who founded and has managed WPP for 33 years -- left the agency on Saturday, April 14, after an investigation into alleged 'personal misconduct'.

Twelve days ago, on April 3, The Wall Street Journal reported that the WPP board was investigating if Sorrell had 'misused company assets.' Sorrell had then denied 'any financial impropriety.'

WPP is worth $21.3 billion and has 200,000 employees the world over.

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