The world's largest advertising agency is under pressure to publish the findings of an investigation into the conduct of Sir Martin Sorrell after he abruptly ended a 33-year career at the helm of the company.
Whoever takes over could find keeping such a sprawling empire together an nearly an impossible task: WPP employs more than 200,000 staff in 400 separate ad businesses in more than 3,000 offices in 112 countries. It said the allegation "did not involve amounts that are material".
"That is why I have decided that in your interest, in the interest of our clients, in the interest of all share owners, both big and small, and in the interest of all our other stakeholders, it is best for me to step aside".
The Company said that the previously announced investigation into an allegation of misconduct against Sir Martin has concluded.
He took a United Kingdom manufacturer of wire baskets and built it into a worldwide provider of advertising, public relations and marketing services through a series of takeovers.
Sir Martin said his position at WPP had been a passion for so long but it was in "the best interests of the business" for him to resign.
Sorrell was the highest-paid CEO among FTSE 100 companies in both 2015 and 2016, according to a study released previous year by the Chartered Institute of Personnel and Development and the High Pay Centre.
He said in a statement on WPP's website: "Obviously I am sad to leave WPP after 33 years".
The company has also named Mark Read, who runs WPP's digital operation Wunderman, and its European chief operating officer Andrew Scott as joint chief operating officers.
Roberto Quarta, chairman of WPP, becomes executive chairman until the appointment of a new chief executive.
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Sir Martin said last week that he rejected the allegation "unreservedly but recognise that the company has to investigate it".
He received a knighthood from Queen Elizabeth II in 2000.
A source close to Sorrell said he had been unhappy with how the investigation was handled, leaving him uncertain whether he could work with the board again.
"During this time, the company has been successful because it has valued and nurtured outstanding talent at every level - within and well beyond our leadership teams".
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Clinton herself has pointed to Comey's actions in explaining her presidential election loss. "Again, very odd ", Comey wrote. Asked to describe that January 6, 2017 meeting two weeks before Trump took office, Comey said: "Really weird".
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The London-based photographer was also the snapper at Prince Charles and the Duchess of Cornwall's wedding in 2005. Speculation is rife as to the design of the wedding ring Harry will slip onto Meghan's finger on May 19.
The 20-year-old took her two month old daughter Stormi for a walk yesterday, but it wasn't your usual stroll in the park. Instead, she's showing off her post-pregnancy body and trying to milk some more money out of her makeup empire.
Entering the final two games of the season, he needed 34 total rebounds to accomplish yet another season-long triple-double. OKC won just one more game than past year , although it moved up to the fourth seed in the West playoffs.
Cameroon still has athletes scheduled to compete in track and field, wrestling and boxing before Sunday's closing ceremony. Ugandan athletes were also warned against vanishing during Gold Coast 2018 in the lead-up to the event.
The agency is also drowning in "higher than normal" costs of retiree benefits, including pensions and health care. Those obligations for current and past employees stood at $38 billion at the end of its most recent fiscal year.
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Total snow accumulations of 3 to 5 inches, with localized amounts up around 6 inches A light glaze of ice is also possible. In addition, strong northeast winds will gust to near 60 km/h giving local blowing snow and reduced visibilities.
This is the new Gmail design
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