The WPP-Scangroup has thins morning sent out a letter announcing the suspension of the advertising group’s long-serving CEO Bharat Thakrar as well as the the CFO Satyabrata Das over alleged gross misconduct. The suspension is meant to allow for investigations into the issues which also include possible offences in the duo’s capacity as senior executives and employees of WPP-Scangroup.
(TOP: Bharat Thakrar who has been suspended as WPP-Scangroup CEO).
In the interim period, the board has appointed Alec Graham, the group’s COO, to take charge of operations and assume overall management with support of the board and other members of the senior management team.
Below is the letter announcing the suspension of the CEO and CFO:
Bharat, who has for long been recognised as the face and voice of Scangroup, is the founding shareholder of the WPP-Scangroup and a director of all WPP-Scangroup subsidiaries which include Ogilvy, JWT Scanad, Squad, GoupM Africa, MediaCom, Mindshare, Wavemaker, H+K Strategies, and Geometry.
He has working experience in advertising and communications spanning over 30 years. He is a former chairman of the Advertising Practitioners Association (APA) and is a member of the Advertising Standards Board.
On his part, Satyabrata Das, who has been with the group for over 10 years, is a member of the Institute of Certified Public Accountants of Kenya and The Association of Chartered Certified Accountants, UK. He started his career as a sponsored candidate to Siemens “IGTC – Dual Education” program in 1997 in Mumbai, India. After working for 8 years in the Commercial function in the manufacturing sector, he moved into Advertising and Media with Publicis Groupe Media as Finance Controller for India in 2005 prior to joining WPP Scangroup in 2009.