Former Scangroup CEO seeks ouster of firm’s board

Bharat Thakrar, former chief executive officer of WPP Scangroup.

Photo credit: File | Nation Media Group

WPP-Scangroup Plc minority shareholders, including former CEO Bharat Thakrar, are seeking the ouster of the entire board of the marketing and communications firm, citing a string of poor financial performance reports.

The minority shareholders, with a combined 13.59 percent stake, have written to the chairman of the firm, demanding a special general meeting to remove the current board and CEO.

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