WPP boss Martin Sorrell ‘unreservedly’ rejects misconduct claim

April 4, 2018 12:33

The boss of WPP, of one of the worlds largest marketing groups, Sir Martin Sorrell, has rejected allegations of personal misconduct.

The statement from Sorrell come after it was revealed WPP has appointed an independent counsel to investigate the claims of “personal misconduct”.

In a statement reported AdAge, Sorrell rejected the allegation, stating: “Reports in the media have stated that WPP is investigating an allegation of financial impropriety by me, specifically as to the use of company funds.

“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.

Be a member to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Become a member

Abigail Dawson

Abigail Dawson was Mumbrella's senior content journalist covering event content. She left Mumbrella to move into an agency role in 2020.

Topics

advertising media Martin Sorrell WPP

1 COMMENTS

Follow the Money 5 Apr 18

I suspect that SMS has a number of ‘frenemies’ on the WPP board and in the wider investor community that have been waiting for the right moment. With the WPP share price back to 2013 GFC levels (down 23% since mid-Feb), looks like the night of the long knives is upon him. If the share price was flying I doubt very much this investigation would have been sprung.

User ID not verified.