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Originally published by Capital Business
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business
May 11, 2026
2h ago

Ex-WPP Scangroup CEO Seeks board ouster amid mounting losses

Ex-WPP Scangroup CEO Seeks board ouster amid mounting losses

A group of minority investors controlling 13.59 percent of the company’s issued share capital has requisitioned a general meeting to seek board changes, arguing that shareholder value has been severely eroded under the current leadership. Kenya breaking news | Kenya news today ..

✨ Key Highlights

Former WPP Scangroup CEO, Bharat Thakrar, is leading a shareholder revolt to oust the current board due to prolonged financial losses and strategic missteps.

  • A group of minority investors, controlling 13.59% of the company's shares, is demanding board changes after a 62% decline in share price since February 18, 2021.
  • Key figures involved include former CEO Bharat Thakrar and his wife Sadhana Thakrar, leading the minority shareholder bloc.
  • The shareholders cite cumulative trading losses of approximately Sh3.1 billion between 2021 and 2025, client exits, and a retreat from key African markets as reasons for their dissatisfaction.

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