Thakrar now exits firm he founded

Bharat Thakrar. [Courtesy]

Bharat Thakrar’s four-decade stay at the pinnacle of marketing service firm WPP-Scangroup came to an end a month after he was suspended for “gross misconduct.”

Yesterday, Scangroup’s board announced that Thakrar had severed links with the company he helped found in 1982. This is after he tendered his resignation as the chief executive officer and board member of the listed company.

This paved the way for the company to search for his replacement, in what is likely to stain a sparkling image that Thakrar had built over the years as an advertising stalwart. In a notice to the Capital Markets Authority, the board noted that Thakrar had also resigned as the director of the company’s subsidiaries and affiliates.