Martin Sorrell caves in, resigns as WPP shares tumbles

Martin Sorrell caves in, resigns as WPP shares tumbles

After coming at loggerheads with its core board of directors, Sir Martin Sorrell, the CEO of WPP has resigned.

The company is also contemplating a breakup of the advertising hegemony that Sorrel built in the last 30 years.

Sorrell was placed under investigation by his board over allegations that he misused his position in the management of the company.

Sir Martin S. Sorrell is the Founder of WPP Plc and has been its Group Chief Executive since 1986. He serves as the Chief Executive Officer of WPP Group US Investments, Inc. at Burson-Marsteller, LLC. Sir Sorrell serves as the Chief Executive Officer of WPP Group USA, Inc. He served as an Equity Analyst at Morgan Stanley, Research Division. Sir Sorrell served as the Group Finance Director of Saatchi & Saatchi from 1977 to 1984.

He served as a Business and Financial Adviser to British food retail entrepreneur James Gulliver at Argyll. Sir Sorrell also managed the commercial and financial affairs of sports personalities and celebrities at the Mark McCormack Organization in London. He began his career as a Marketing Associate at Glendinning Associates of Westport, Connecticut. Previously, Sir Sorrell served as Group Chief Executive of WPP Group plc. He serves as the Chairman of the International Advisory Board of British-American Business Council.

Sir Sorrell serves as a Member of Advisory Board of Bowmark Capital LLP. He serves as a Special Adviser to the Board of Aimia Coalition Loyalty UK Ltd. Sir Sorrell has been the Vice Chairman of IBLAC since 2011. He serves as the Deputy Chairman of London Business School. Sir Sorrell has been a Director of Aludium Transformacion de Productos Sociedad Limitada since January 18, 2012. He has been an Executive Director of WPP Plc since his joining in 1986. Sir Sorrell serves as a Director of WPP Group USA, Inc.

He serves as a Director of Bloomberg Philanthropies (Bloomberg Family Foundation). Sir Sorrell serves as a Member of Board of Advisors at Globant S.A. He serves as a Member of Board of Advisors of Sistemas Globales S.A. Sir Sorrell serves as a Member of the Advisory Board of Stanhope Capital LLP. He serves as a Non-Executive Director of Sorrell Capital.

Since 2006, Sir Sorrell has been a Non-Executive Director of Alpha Topco Limited and Formula 1 company. He serves as a Director of Dean’s Advisers of Harvard Business School. Sir Sorrell serves as a Governor of London Business School. He is a Member of the Advisory Board of IESE in Spain and also serves on the Dean’s Advisory Council for Boston University School of Management. Sir Sorrell is a Member of the corporate Advisory Group of the Tate Gallery and serves on the International Advisory Board of The Russian Museum in St. Petersburg.

He serves as a Member of Governing Board of Indian School of Business. Sir Sorrell serves on the board of the National Deaf Children’s Society and on the National Appeal Board of the NSPCC. He serves as a Trustee of the Cambridge Foundation and a Trustee of the Royal College of Art Foundation. Sir Sorrell served as a Member of Advisory Board of Alchemy Partners LLP. He served as a Non Industry Director of Nasdaq, Inc (also known as The Nasdaq OMX Group, Inc.) since January 2001.

Sir Sorrell served as Director of Arconic Inc. (formerly, Alcoa Inc.) since January 18, 2012 until March 10, 2017. He served as a Trustee of The Conference Board, Inc. Sir Sorrell served as a Non-Executive Director of Asatsu-DK Inc. He served as a Non-Executive Director of Colefax Group plc until September 30, 2003. Sir Sorrell served as a Member of International Advisory Council of Merrill Lynch & Co., Inc. and BofA Merrill Lynch. Sir Sorrell served as the Chairman of World conomic Forum International Business Council. Since 1999, he served at the Secretary of State for Education and Employment to the Council for Excellence in Management and Leadership.

In 1997, Sir Sorrell served for British Business by the Foreign & Commonwealth Office. He actively supports the advancement of international business schools, advising Harvard, IESE (Spain), the London Business School, the Indian School of Business and the Judge Institute at Cambridge University. In 2008, Sir Sorrell served at The English Football Association to the Board of the bid to stage the 2018 FIFA World Cup.

In 2007, He was awarded the Harvard Business School Alumni Achievement Award. Sir Sorrell received a knighthood in January 2000. In 2001, he received an Honorary Doctorate in Business Administration from London Metropolitan University.

Sir Sorrell received an MBA from Harvard Business School and a BA in Economics from the University of Cambridge.