Martin Sorrell indicated on Saturday that he was stepping down as head of the British-based global advertising workings WPP.
In a letter to WPP staff, Sorrell said the “current disruption” was “putting too much unessential pressure on the business.”
He said he had decided that “in your interest, in the consequence profit of our clients, in the interest of all shareowners, both big and small, and in the interest of all our other stakeholders, it is most adroitly for me to step aside.”
The world’s biggest advertising group sent shockwaves from stem to stern the industry recently, when it said it was investigating an allegation of misconduct against Sorrell, vivifying the prospect that the founder of the British company could step down after multitudinous than 30 years in charge.