WPP Scangroup Plc founder and CEO Bharat Thakrar has resigned as chief executive and board member amid “gross misconduct” claims.
Thakrar was suspended alongside chief financial officer Satyabrata Das last month over the allegations of gross misconduct and possible offences against two executives at the company.
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 will continue despite the resignation.
Chief Operating Officer, Alec Graham takes over in interim capacity.
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 advertising agencies among them Scanad.
Thakrar founded the Scanad group (Scangroup) in 1982.
He is a former chairman of the Advertising Practitioners Association and is a member of the Advertising Standards Board.
In 2013, British multinational firm WPP acquired the controlling stake of Scangroup, consequently rebranding it to WPP Scangroup.