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Reading: WPP Boss Sir Martin Sorrell Breaks His Silence On Misconduct Allegation
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B&T > Advertising > WPP Boss Sir Martin Sorrell Breaks His Silence On Misconduct Allegation
Advertising

WPP Boss Sir Martin Sorrell Breaks His Silence On Misconduct Allegation

Staff Writers
Published on: 5th April 2018 at 12:08 PM
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WPP chief executive Sir Martin Sorrell has hit back at the allegation that he misused company funds.

A statement issued by WPP revealed the company has appointed “independent counsel to conduct an investigation in response to an allegation of personal misconduct” against Sorrell.

“The investigation is ongoing. The allegations do not involve amounts which are material to WPP,” the statement said.

The Wall Street Journal first reported the allegations against Sorrell. It also reported that WPP’s board was also examining whether he misused company assets.

However, WPP’s chief has rejected the allegation of financial impropriety against him.

“This allegation is being investigated by a law firm. I reject the allegation unreservedly, but recognise that the company has to investigate it. I understand that this process will be completed shortly,” he said in a statement to AdAge.

“Obviously, I shall play no part in the management of the investigation under way.

“As a significant share owner, my commitment to the company, which I founded over 30 years ago, remains absolute – to our people, our clients, our shareholders and all of our many stakeholders. I do not intend to make any further statement at this time.”

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Staff Writers
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Staff Writers represent B&T's team of award-winning reporters. Here, you'll find articles crafted with industry experience spanning over 50 years. Our team of specialists brings together a wealth of knowledge and a commitment to delivering insightful, topical, and breaking news. With a deep understanding of advertising and media, our Staff Writers are dedicated to providing industry-leading analysis and reporting, both shaping the conversation and setting the benchmark for excellence.

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