Suspended cangroup CEO Bharat Thakrar. FILE PHOTO | NMG WPP Scangroup board suspended its chief executive officer (CEO) two weeks ago. He was also the founder of Scangroup. It is highly unlikely that his shareholdings and directorships have been affected by the suspension. The board clearly stated the reasons for the move as in the […]
WPP Scangroup CEO Bharat Thakrar. He has been suspended to allow for an investigation into allegations of gross misconduct. WPP Scangroup’s stock fell by 7.4 per cent after the advertising firm suspended two of its top executives, including chief executive Bharat Thakrar, the man who founded Scangroup. Thakrar and chief finance officer Satyabrata Das were […]
NAIROBI, Feb 19 (Reuters) – Shares of Kenyan marketing company WPP Scangroup plunged by more than 7% on Friday, after the firm suspended its chief executive to investigate allegations of gross misconduct. At 0951 GMT, its shares were trading down 7.4% at 5.50 shillings ($0.05) on the Nairobi Securities Exchange, Refinitiv data showed. The company […]
WPP Scangroup ’s shareholders have lost Sh363 million in paper wealth since Friday’s announcement of the suspension of its founder and long-serving chief executive Bharat Thakrar. The company board suspended Mr Thakrar and the chief finance officer Satyabrata Das to allow for an investigation into allegations of gross misconduct and possible offences in their capacity […]
WPP Scangroup CEO Bharat Thakrar. FILE PHOTO | NMG WPP Scangroup’s shareholders have lost Sh363 million in paper wealth since Friday’s announcement of the suspension of its founder and long-serving chief executive Bharat Thakrar. The company board suspended Mr Thakrar and the chief finance officer Satyabrata Das to allow for an investigation into allegations of […]
WPP Scangroup CEO Bharat Thakrar. He has been suspended to allow for an investigation into allegations of gross misconduct. WPP Scangroup’s stock fell by 7.4 per cent after the advertising firm suspended two of its top executives, including chief executive Bharat Thakrar, the man who founded Scangroup. Thakrar and chief finance officer Satyabrata Das were […]
WPP Scangroup chief executive Bharat Thakrar. FILE PHOTO | NMG Bharat Thakrar, 69, has for more than four decades prided himself as a dealmaker and king in corporate Kenya when it comes to building and protecting brands. The roles have changed and Mr Thakarar is now battling to protect his brand after the firm, WPP […]
Corporate Kenya has from time to time been rocked by a succession of scandals due to governance malpractices. These failures have seen big companies fall on hard times, with some such as was the case for Imperial Bank and Nakumatt going under. Others like Kenya Airways and Uchumi Supermarkets, which were once profitable, are now […]
Corporate Kenya has from time to time been rocked by a succession of scandals due to governance malpractices. These failures have seen big companies fall on hard times, with some such as was the case for Imperial Bank and Nakumatt going under. Others like Kenya Airways and Uchumi Supermarkets, which were once profitable, are now […]
WPP Scangroup CEO Bharat Thakrar. He has been suspended to allow for an investigation into allegations of gross misconduct. WPP Scangroup’s stock fell by 7.4 per cent after the advertising firm suspended two of its top executives, including chief executive Bharat Thakrar, the man who founded Scangroup. Thakrar and chief finance officer Satyabrata Das were […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.