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WPP embarks on new journey without Sorrell at the helm

Reuters  |  LONDON 

By Kate HoltonLONDON (Reuters) - WPP, the world's biggest advertising company, entered uncharted territory on Monday without its founder Martin Sorrell whose departure has left it rudderless at a time of swirling industry change.Shares in the group fell 4 percent after Sorrell, the driving force behind 33 years of dealmaking and relentless expansion, stepped down on Saturday after the board investigated an allegation of misconduct.The sudden departure of Sorrell, the face of the company since he founded it in 1985, has sparked questions as to whether the holding group can remain in its ...

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First Published: Mon, April 16 2018. 15:35 IST