WPP Chief Executive Martin Sorrell, Contending With Probe, Decided to Resign

Mony
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Before resigning as chief executive of WPP PLC, Martin Sorrell faced a choice: risk enduring an investigation into an allegation of personal misconduct, or leave the advertising giant he founded three decades ago, say people familiar with the board and Mr. Sorrell.

On Saturday, the 73-year-old executive said he was stepping down after what his associates and people close WPP’s board described as a weekslong effort to carry on at the company and conduct business as usual. WPP said a probe into the allegation had concluded and…

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