Suspended WPP Group CEO Bharat Thakrar resigns amidst probe

Suspended WPP Group CEO Bharat Thakrar resigns amidst probe

Suspended WPP Group Chief Executive Officer, Bharat Thakrar has resigned as CEO and board member according to a statement by the board issued on March 23.

Mr Thakrar who is facing an investigation into alleged gross misconduct has also resigned a director of the company’s subsidiaries and their affiliates.

According to the statement, investigations into possible offences committed by Mr. Thakrar and the Chief Financial Officer, Mr Satyabarata Das-also suspended- will continue.

Meanwhile, the board appointed Mr Alec Graham on an interim basis to serve as the CEO while the group commences the recruitment process.