Sunday morning brought the shocking news of Sir Martin Sorrell stepping down as the CEO of WPP with immediate effect. It was announced that Roberto Quarta, chairman of WPP, will take over as the executive chairman until the appointment of a new CEO.
Quarta comes with a rich experience. In 2015, he was appointed the non-executive director and chairman-designate at WPP plc. He served as the Chairman of IMI Plc from November 1, 2011 to May 7, 2015. He serves as a Member of Advisory Board of INSEAD country.
Quarta is the Chairman of Smith & Nephew plc, a FTSE 100 listed global medical devices company and partner of Clayton, Dubilier & Rice, a private equity group. He is on the board of two CD&R businesses, RexelSA and Italtel.
Quarta started his industrial management career with BTR plc, where he quickly rose to serve on the board. This was followed by a stint at BBA Group as chief executive. He later became chair of BBA before he stepped down in 2007. He has 40 years of experience in the industrial sector.
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He is said to be considering various offers and will take a decision soon