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The board of WPP is currently investigating claims of “personal misconduct” made against CEO Martin Sorrell, a company spokesperson confirmed in a statement to Adweek.
The Wall Street Journal broke the news of the investigation Tuesday afternoon.
“The Board of WPP has appointed independent counsel to conduct an investigation in response to an allegation of personal misconduct against Sir Martin Sorrell, Chief Executive Officer of WPP,” the statement read. “The investigation is ongoing. The allegations do not involve amounts which are material to WPP.”
Sources also told The Wall Street Journal that the holding company was looking into possible misuse of company assets and that the company has hired an unnamed law firm to conduct an independent inquiry.
Update:
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