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Today marks the end of the Martin Sorrell era at WPP.
The world’s largest advertising company confirmed in a statement that Sorrell has resigned as CEO, effectively immediately, following 33 years in the role.
“Sir Martin Sorrell has stepped down as Chief Executive Officer of WPP with immediate effect,” the holding company said in a statement. “Roberto Quarta, Chairman of WPP, becomes Executive Chairman until the appointment of a new Chief Executive Officer.”
Wunderman CEO Mark Read and Andrew Scott, who is WPP’s corporate development director and chief operating officer for Europe, will share the chief operating officer role.