After a surprising and seemingly unceremonious exit from WPP few weeks ago, Sir Martin Sorrell is reportedly plotting a comeback by taking charge of Derriston Capital, a small company listed on the London Stock Exchange since 2016.
A pioneer in the industry, Sir Martin Sorrell was the longest serving CEO of any company featured in the U.K.’s benchmark FTSE 100 Index, is expected to follow a similar pattern that saw him turn Wire and Plastic Products into the world’s largest advertising agency.
Said to be investing nearly £40m of his own funds into the company, along with some minor investments from other sources, Sir Martin Sorrell is rumoured to be assuming the position of Derriston Capital Chairman soon.
Also Read: What’s next for WPP after Sorrell?
After serving as CEO for 33 years, a tenure that saw him lead the takeovers, hostile or otherwise, turning WPP into the world’s largest advertising firm with companies such as JWT, Ogilvy and Mather, Young and Rubicam and more become a part of the WPP family.
Sir Martin Sorrell left WPP following allegations of personal misconduct and misuse of company assets, which Sorrell denied but had said, “Obviously I am sad to leave WPP after 33 years. It has been a passion, focus and source of energy for so long. However, I believe it is in the best interests of the business if I step down now.”
WPP is currently headed by Roberto Quarta, who serves as Executive Chairman until the board finds a replacement for Sorrell.