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During Omnicom Group's first quarter earnings call Tuesday, CEO John Wren weighed in on the possibility of acquiring WPP assets should they come up for sale and spoke about his former competitor Martin Sorrell.

"In many ways I have a great deal of respect for Martin," Wren said, responding to a question from a Morgan Stanley analyst on whether Omnicom would be interested in WPP assets if they came up for sale. Wren remarked he had competed against Sorrell for the last 25 years.

Sorrell stepped down following an internal investigation into misconduct, ending a long career at the world's largest agency holding company.

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