Sir Martin Sorrell asked to repay nearly £170,000 in personal expenses to WPP
Sorrell had reportedly charged WPP for expenses he incurred for a ski trip, his family’s travel and for purchases he made for a New York apartment
WPP has asked its former chief executive Sir Martin Sorrell to repay nearly £170,000 in personal expenses, according to media reports.
The ex-boss of the holding company, which owns Ogilvy, Wunderman Thompson and Group M, had charged WPP expenses he incurred for a ski trip, his family’s travel and for purchases he made for a New York apartment. The expenses were charged over a number of years.
Sorrell has reportedly repaid £170,000 but WPP is asking for more reimbursements, including that paid for a vacation.
Sorrell quit WPP last April and set up S4 Capital that has now acquired and merged with MediaMonks, a content production firm.
A spokesman for Sorrell was quoted as saying, "All Sir Martin’s expenses were regularly scrutinised and approved by WPP management, the audit committee and the board, and were audited annually. Although Sir Martin is still a top 10 WPP share owner, he is focused on building S4 Capital."
On the other hand, a WPP spokesman was reported saying, "We can confirm that an amount has already been received and we have an ongoing dialogue regarding further sums."For more updates, be socially connected with us on
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