WPP shares fall 4 percent as founder Sorrell quits

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Mon, 16 Apr 2018 - 07:48 GMT

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Mon, 16 Apr 2018 - 07:48 GMT

FILE PHOTO: Sir Martin Sorrell, Chief Executive Officer of WPP, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018. REUTERS/Denis Balibouse/File Photo

FILE PHOTO: Sir Martin Sorrell, Chief Executive Officer of WPP, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018. REUTERS/Denis Balibouse/File Photo

LONDON - 16 April 2018: Shares in WPP fell 4 percent at the open on Monday after Chief Executive and founder Martin Sorrell quit, leaving the group without a boss at a time of huge change in the industry.

Shares in the group, which are already down 30 percent this year, were down 4 percent at 0703 GMT. Analysts and peers have speculated that the group of 200,000 people could be broken up without Sorrell at the helm.

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