Advertising giant WPP AUNZ has seen its share prices fall with the company's CEO and executive director Michael Connaghan stepping down, eight weeks after Deane Hubball's resignation as boss of Melbourne subsidiary Active Display Group. The company's shares were reported to be 58 cents after Connaghan's resignation was announced to the market yesterday morning, a 26 per cent drop from 78 cents on Monday afternoon. The company's shares only slipped further to 50 cents on close Tuesday afternoon, falling by 36 per cent from the previous day. WPP also updated its market guidance, now anticipating sales will drop by 1-2 per cent for Full Year 2018, down $869.9m for the year before. Earnings per share (eps) are expected to decline by 12-15 per cent from 9.8 cents from the full year ending December 31 2017, a significant drop from its prior guidance of 3 per cent growth from the year before.