WPP Scangroup CEO Bharat Thakrar suspended over alleged gross misconduct
WPP-Scangroup Chief Executive Officer Bharat Thakrar and the Chief Finance Officer Satyabrata Das have been suspended.
The Board of Directors said the suspension is to allow for investigations into allegations of gross misconduct and possible offences in their capacity as senior executives and employees of the company.
“The Board has delegated authority to an interim Chief Operating Officer Mr. Alec Graham to ensure continued management of the company with the support of the Board and senior executives of the company’s subsidiaries,” the company said in a statement on Friday.
The Board said Alec Graham has over 25 years experience in the advertising and communications business working with various companies in the WPP plc group.
“In due course the Board will consider the appointment of an interim chief financial officer for the company,” the statement adds.
Shareholders have been advised to exercise caution when dealing with the company’s securities.