Martin Sorrell, who built WPP in the world's largest advertising agency after 33 years of negotiations, resigned on Saturday after an accusation of personal misconduct.
The departure of the CEO who built a two-man suit in one of the largest in Britain Companies with 200,000 employees in 112 countries leave WPP without a boss at a key moment for the industry and when the group is under a great pressure.
WPP surprised the market last week when it said it had appointed lawyers to investigate alleged misconduct by Sorrell. He denied the allegations, but in a letter to WPP staff posted Saturday night he said the "current disruption" was "putting too much unnecessary pressure on the business."
He said that he had decided that "in his interest, in the interest" of our clients, in the interest of all shareholders, both large and small, and in the interest of all our other interest groups, it is best to make me to one side. "