WPP has begun to look at external candidates to replace Sir Martin Sorrell as the chief executive of WPP, the company confirmed today.
In its 2015 Annual Report, the company’s chairman, Roberto Quarta, sought to assure shareholders that the company is preparing for life after Sorrell, who has led the company since founding it in 1985.
Quarta said: “At some point we all leave our jobs. The question is when. Whether, in Sir Martin’s case, that happens tomorrow, in one, two, three, four or five years, or even over a longer period, we have already begun to identify internal and external candidates who should be considered.”
He added: “Shareowners should have no doubt that we alr
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