Martin Sorrell
| Sir Martin Sorrell | |
|---|---|
 |
|
| Born |
Martin Stuart Sorrell 14 February 1945 London, England |
| Nationality | British |
| Education | Haberdashers' Aske's Boys' School |
| Alma mater |
Christ's College, Cambridge Harvard University |
| Occupation | Businessman |
| Known for |
Saatchi & Saatchi WPP Group |
| Salary | GBP £40 million (total compensation, 2014) |
| Net worth |
 £257 million (May 2014) |
| Spouse(s) |
Sandra Finestone (m. 1970–2005) Cristiana Falcone-Sorrell (m. 2008) |
| Children | 4, including Jonathan Sorrell |
Sir Martin Stuart Sorrell (born 14 February 1945) is a British businessman and the chief executive officer (CEO) of WPP plc.
Martin Stuart Sorrell was born in London on 14 February 1945 to a Jewish family with an electronics retailer father, whose ancestors came from Russia, Poland and Romania, Sorrell was educated at the independent Haberdashers' Aske's Boys' School then Christ's College, Cambridge, and has an MBA from Harvard University.
Sorrell joined Glendinning Associates, then James Gulliver and then worked for the sports agent Mark McCormack. He joined Saatchi & Saatchi in 1975, and was group finance director from 1977 until 1984. Often referred to as "the third brother", he designed and carried out many of Saatchi's agency acquisitions. Sorrell undertook this by refining the practice of the ‘earn-out’.
In 1985, Sorrell privately invested in Wire and Plastic Products, a British wire shopping basket manufacturer, and joined it full-time as Chief Executive in 1986. He began to acquire "below-the-line" advertising-related companies, purchasing 18 in three years, including in 1987 when he stunned the agency world with a $566 million hostile takeover of J. Walter Thompson. Sorrell followed this in 1989 with another dramatic hostile $825 million buy of Ogilvy and Mather. Since 2000, WPP has also acquired two more integrated, global agency networks, Young & Rubicam and Grey.
WPP is regarded as the driving force for the period of consolidation which has been going on within the communications industry for the last ten to fifteen years. His WPP group has amassed the largest media buying group in the world, GroupM. Together with the creative agency networks, JWT, Ogilvy and Mather, Young & Rubicam and Grey, WPP is one of the "Big Four" major players in the global advertising industry.
...
Wikipedia