Former Scangroup CEO seeks ouster of firm’s board

Minority shareholders of WPP-Scangroup Plc, including former CEO Bharat Thakrar, are seeking the ouster of the entire board due to the company's poor financial performance. They hold a combined 13.59% stake and have written to the firm's chairman demanding a special general meeting within 28 days. The shareholders point out that the company has issued four consecutive profit warnings and lost key clients, leading to a market value decline of over half since 2021.