RESIGNATION

Suspended Scangroup CEO Bharat Thakrar resigns over gross misconduct

The board will commence the process to recruit a new CEO for the company.

In Summary

•Thakrar also resigned as director of the company’s subsidiaries and affiliates.

•In a statement on Wednesday, the board said the investigation into the allegations of gross misconduct and possible offenses against the two executives will continue despite the resignation.

Immediate SCANGROUP CEO Bharat Thakrar
Immediate SCANGROUP CEO Bharat Thakrar
Image: SCANGROUP

WPP Scangroup Plc founder and Chief Executive Officer Bharat Thakrar has tendered his resignation as CEO and board member.

This comes a month after he was suspended by the company together with the Chief financial officer Satyabrata Das over alleged gross misconduct.

Thakrar also resigned as director of the company’s subsidiaries and affiliates.

In a statement on Wednesday, the board said the investigation into the allegations of gross misconduct and possible offenses against the two executives will continue despite the resignation.

The board has delegated the authority to an interim Chief Operating Officer, Alec Graham.

"This is to ensure the continued management of the company, with the support of the Board and the senior executives of the subsidiaries," it said.

WPP-Scangroup is a subsidiary of WPP and is listed on the Nairobi Securities Exchange.

It is the largest marketing and communication group operating a multi-agency model across multiple disciplines in Sub-Saharan Africa.

The group comprises several ad agencies among them Scanad.