LONDON, April 29 (Reuters) - WPP, the world's
biggest advertising company, on Thursday said it was cutting
former CEO Martin Sorrell's long-term share incentive awards due
to what it said were leaks of confidential information to the
media.
WPP said its compensation committee "determined that the
2016 and 2017 EPSP Awards granted to Sir Martin Sorrell, the
former Group Chief Executive, will lapse".
The decision was made due to "Sir Martin Sorrell’s
disclosure of confidential information belonging to WPP and
certain of its clients to the media during his tenure as a WPP
director," it said.
Sorrell was not immediately available for comment.
(Reporting by Kate Holton; editing by Guy Faulconbridge)
WPP (WPP)
