WPP shares fall 4 percent as founder Sorrell quits

Published : April 16, 2018 Updated : April 16, 2018

LONDON (Reuters) - 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.

 

(Reporting by Kate Holton; editing by Sarah Young)

 
 
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