Martin Sorrell, who has quit as chief executive of WPP after an investigation into his conduct, is free to start a new advertising venture because he has never had a non-compete agreement, say people briefed on the matter.
His departure after 33 years at the helm of the world’s biggest ad business leaves WPP seeking new leadership at a pivotal time for the industry.
Sir Martin, who owns about 2 per cent of the company that he built from a cash shell into a global marketing powerhouse, resigned unexpectedly over the weekend.
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