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Ad giant WPP's shares drop 5% after CEO and founder Sir Martin Sorrell quits

Business Insider
Ad giant WPP's shares drop 5% after CEO and founder Sir Martin Sorrell quits

WPP CEO Sir Martin Sorrell announced his resignation in a letter to staff on Saturday. Sorrell spent 33 years at the helm of the business but is leaving after an internal investigation into allegations of misconduct and misuse of assets. WPP shares fell 5% at the open in London but recovered slightly