NEW YORK – October 25, 2023 – Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced it has reached an agreement to sell its integrated healthcare marketing agency and pharmaceutical commercialization platform ConcentricLife to Accenture Song, the tech-powered creative group of Accenture (NYSE: ACN), for $245 million in cash.
“This disposition is consistent with our strategy of organizing our portfolio to focus on core digital services, including AI-based digital transformation; strengthening our balance sheet; and investing in our future,” said Mark Penn, Chairman and CEO Stagwell. “We believe Accenture Song will be a good home for ConcentricLife, consistent with their focus on growing presence in the healthcare and life sciences industry. We wish Ken and the leadership team the best in their new home.”
Completion of the transaction is subject to regulatory clearance and other customary closing conditions. Fairmount Partners is serving as the financial advisor to Stagwell for this transaction.
About ConcentricLife
ConcentricLife is an agency built to answer the rising customer demand on the health marketer. ConcentricLife spans three distinct specialist practices that bring over 20 years of deep subject matter expertise in rare disease, healthcare, and wellness, with sophisticated marketing capabilities spanning the organization. We put Health at the Center through our proprietary Human Connection Score™ designed to build optimal brand experiences at any stage of the health journey. For more information, visit www.concentric.life.
About Stagwell
Stagwell (NASDAQ: STGW) is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
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GALE, a Stagwell (STGW) Agency, Ranks No. 1 on Adweek’s Fastest Growing Large Agency list
NEW YORK, Oct. 24, 2023 /PRNewswire/ — Business Agency GALE has been named one of Adweek’s 2022 Fastest Growing Agencies, an annual recognition honoring 100 agencies who have achieved significant growth over the past year. Adweek ranked GALE No. 14 in 100 Fastest Growing Agencies for the second consecutive year, jumping from #46 in 2022 to #14 and #1 in the Fastest Growing Large Agencies.
“We’re proud to be recognized by Adweek as one of the fastest growing agencies in the US for the second consecutive year,” GALE President and CEO Brad Simms said. “This achievement is a testament to the incredibly talented team at GALE who have allowed us to grow our business and, most importantly, our clients’ business. Today, we thank all those who have helped GALE grow.”
The agency has been recognized for its astronomical 133% growth rate, welcoming 20 new clients in the past year, including Dropbox, Athenahealth, Bathfitter and Enercare as clients continue to turn to GALE as an alternative to more traditional offerings.
Along with being the fastest growing Stagwell agency, GALE has received top industry awards, including Ad Age’s A-List, Ad Age’s Data & Analytics Agency of the Year, Adweek’s Breakthrough Media Agency of the Year, the Grand Effie and a Gold Lion.
For more information on Adweek’s Fastest Growing Agencies, visit:
https://www.adweek.com/fastest-growing-agencies/2023/
CONTACT:
Lindsay Bennett
lindsay.bennett@galepartners.com
917 497 5582
About GALE
GALE is a Business Agency. We bring business insights to brand storytelling and activate across every channel. With expertise in business strategy, CRM, loyalty, brand storytelling, integrated, performance, creative, and content marketing, experience design and media, GALE creates marketing systems and communications that grow businesses. GALE delivers strong business outcomes for its partners in automotive, QSR, retail, gaming, entertainment, telecom and more. Founded in 2014, the agency currently has offices in New York, Singapore, Toronto, Denver, Los Angeles, London, Austin, Kansas City and Bengaluru. GALE has received top industry awards including Ad Age‘s A-List, Ad Age‘s Data & Analytics Agency of the Year, Adweek‘s Fastest Growing Agency and Adweek‘s Breakthrough Media Agency of the Year.
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NEW YORK and ORLANDO, Fla., Oct. 23, 2023 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced Chairman and CEO Mark Penn will be a featured speaker at the 2023 Association of National Advertisers (ANA) Masters of Marketing Conference, where he will present on:
Microtrends: Hidden Forces Shaping the Consumer of Tomorrow
The future is not shaped by society’s broad forces, but by quiet changes within narrow slices of the population. Stagwell CEO, presidential pollster, and New York Times bestselling author Mark Penn explores dozens of counterintuitive microtrends across business, politics, and culture – from Wagyu sales to internet dating – that illuminate a world in upheaval and the future of marketing.
The session will take place at 8:40 am-9:15 am EST in Gatlin C/D on Friday, Oct. 27.
About Stagwell
Stagwell (NASDAQ: STGW) is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
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pr@stagwellglobal.com
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48% OF 18–24-YEAR-OLDS SIDE MORE WITH HAMAS; WAR VIEWS DEFINED BY GENERATIONS, NOT PARTY
BIDEN APPROVAL RISES ON ISRAEL RESPONSE
NEW YORK and CAMBRIDGE, Mass., Oct. 20, 2023 /PRNewswire/ — Stagwell (NASDAQ: STGW) today released the results of the October Harvard CAPS / Harris poll, a monthly collaboration between the Center for American Political Studies at Harvard (CAPS) and the Harris Poll and HarrisX.
Israel receives overwhelming support from Americans: 84% of voters support Israel over Hamas and 88% believe Israel has a right to respond militarily against Hamas. President Joe Biden edges up to 44% approval as 58% approve of the job he is doing on Israel. Republicans in Congress have hurt themselves significantly in the breakdown over the Speaker of the House as Congressional and Republican ratings sink. Download key results here.
“Americans strongly support Israel against Hamas’ terrorist attacks by 80 percent or more. However, there is a split not among the parties but among the generations as 95% of seniors support Israel while support drops to only 52% among the youngest voter group,” said Mark Penn, Co-Director of the Harvard CAPS / Harris poll and Stagwell Chairman and CEO. “President Biden’s vocal support of Israel is winning approval from both sides, while the Republicans’ chaos in the House is doing the opposite.”
AMERICANS OVERWHELMINGLY SUPPORT ISRAEL AND ITS RIGHT TO RESPOND TO HAMAS ATTACKS
- 84% of voters side more with Israel than with Hamas (ages 18-24: 52%; ages 65+: 95%).
- 88% of voters think Israel has the responsibility to protect its citizens by retaliating against Hamas (ages 18-24: 65%; ages 65+: 97%).
- 84% of voters believe Israel has the right to defend itself by launching air strikes in heavily populated Palestinian areas with warnings to those citizens (ages 18-24: 62%; ages 65+: 93%).
- 70% of voters think Israel should eliminate Hamas, not end its campaign against Hamas now (ages 18-24: 48%; ages 65+: 82%).
- 63% of voters believe it was right for Israel to cut off power, water and food to Gaza until its hostages are returned (ages 18-24: 41%; ages 65+: 70%).
- 61% of voters say there is no moral equivalency between Hamas’ murders and Israel’s actions (ages 18-24: 36% – the majority believe both sides have equally just causes; ages 65+: 80%).
SIGNIFICANT NUMBERS OF YOUNG VOTERS HAVE THEIR OWN FACTS, DENY ATROCITIES COMMITTED
- 17% of voters think it is a false story that Hamas terrorists killed 1200 Israeli civilians by shooting, raping and beheading people (ages 18-24: 32%; ages 65+: 10%).
- 46% of voters say that Israel, not Hamas, rules Gaza (ages 18-24: 53%; ages 65+: 32%).
- 33% of voters think the explosion at a Gaza hospital explosion was caused by an Israeli airstrike rather than a terrorist rocket that went off-course (ages 18-24: 45%; ages 65+: 13%).
BIDEN GETS GOOD RATINGS ON ISRAEL POLICY AS VOTERS THINK U.S. HAS RESPONSIBILITY TO HELP
- 58% of voters approve of Biden’s foreign policy on Israel (ages 18-24: 52%; ages 65+: 61%).
- 64% of voters say the U.S. has a responsibility to militarily support Israel while it is under attack by terrorist groups (ages 18-24: 49%; ages 65+: 70%).
- While Biden did not mention the U.S. hostages in his October 19 Oval Office address, 71% of voters think the U.S. has the responsibility to bring to safety the over a dozen Americans abducted by Hamas (ages 18-24: 42%; ages 65+: 81%).
- 59% of voters say the U.S. should directly intervene if Iran attacks Israel (ages 18-24: 40%; ages 65+: 64%).
REPUBLICAN VOTERS DISAPPROVE OF MCCARTHY OUSTER
- 62% of GOP voters say the Republicans who ousted McCarthy are hurting the Republican Party.
- 57% of GOP voters say that if House Republicans cannot elect another speaker before government funding runs out in 30 days, they should find a different candidate other than McCarthy.
TRUMP LEADS THREE-WAY RACE WITH BIDEN AND RFK JR.
- Donald Trump continues to lead the GOP primary race with 60% support.
- Trump continues to lead Biden in a head-to-head contest, 46% to 41%.
- Trump also leads in a three-way race against Biden and RFK Jr., 39% to 33% to 19%, respectively.
The October Harvard CAPS / Harris poll survey was conducted online within the United States on October 18-19, 2023, among 2,116 registered voters by The Harris Poll and HarrisX. Follow the Harvard CAPS Harris poll podcast at https://www.markpennpolls.com/ or on iHeart Radio, Apple Podcasts, Spotify, and other podcast platforms.
About The Harris Poll & HarrisX
The Harris Poll is a global consulting and market research firm that strives to reveal the authentic values of modern society to inspire leaders to create a better tomorrow. It works with clients in three primary areas: building twenty-first-century corporate reputation, crafting brand strategy and performance tracking, and earning organic media through public relations research. One of the longest-running surveys in the U.S., The Harris Poll has tracked public opinion, motivations, and social sentiment since 1963, and is now part of Stagwell, the challenger holding company built to transform marketing.
HarrisX is a technology-driven market research and data analytics company that conducts multi-method research in the U.S. and over 40 countries around the world on behalf of Fortune 100 companies, public policy institutions, global leaders, NGOs and philanthropic organizations. HarrisX was the most accurate pollster of the 2020 U.S. presidential election.
About the Harvard Center for American Political Studies
The Center for American Political Studies (CAPS) is committed to and fosters the interdisciplinary study of U.S. politics. Governed by a group of political scientists, sociologists, historians, and economists within the Faculty of Arts and Sciences at Harvard University, CAPS drives discussion, research, public outreach, and pedagogy about all aspects of U.S. politics. CAPS encourages cutting-edge research using a variety of methodologies, including historical analysis, social surveys, and formal mathematical modeling, and it often cooperates with other Harvard centers to support research training and encourage cross-national research about the United States in comparative and global contexts. More information at https://caps.gov.harvard.edu/.
CONTACT:
Sarah Arvizo
pr@stagwellglobal.com
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SIGN UP FOR OUR INSIGHTS BLASTS
We left Advertising Week New York *knowing* that AI will bring an unprecedented year of disruption to consumer experiences and brand growth. But that’s not the only trend on our minds; we spoke with marketers in NYC about everything from the unprecedented upcoming election cycle to what they’re looking for in new agency models. Read on for our recap of the three quick things to know after AWNY 2023 and follow Stagwell on LinkedIn for more takeaways from our panels this week.
— Beth Sidhu, Chief Brand and Communications Officer
Let’s Get Real About AI
AI will enable marketing organizations to move beyond the era of personalization to anticipation, creating products and experiences for consumers that pre-empt their needs and desires.
So What? To unlock this, brands must get their first-party data houses in order so AI can effectively overlay, and drive promised efficiencies. It’s also on agencies to find new use cases for how AI can revamp brand experiences rooted in their creative toolbox. At the end of the day, we’ll have to work together to drive the message home that AI isn’t here to replace humans; it’s here to enable them to be even more innovative.
Overheard at AWNY: “AI is to creativity what calculators were to math. It’s only going to make us better at our jobs, and in turn, better at serving consumers.” – Dan Gardner, Executive Chairman, Code and Theory
Go Deeper: Click here to learn how AI enabled Code and Theory to help European sports betting brand Tipico disrupt the U.S. market.
Integration Means Culture, Not Just Capes
Everything from media channel disruption, shrinking CMO budgets, complex consumer regulations, and an ever-more-diverse consumer population means the playbook Adland runs needs, well, transformation. We strongly believe the solution is a modern integrated offering: bringing great strategy, creative, and data science leadership together to solve business problems.
So What? Agencies will be leaning into the insight that simplicity is the source of stronger solutions in 2024. Brand leaders will benefit from streamlined partnerships – but as they chase integrated solutions, they should prioritize agencies whose cultures inherently break down the silos between capabilities rather than just going for whoever has the widest capes spread in a pitch deck.
Overhead at AWNY: “This opportunity we have is so rare. While so many legacy names are being jumbled together, we are embracing an iconic industry brand and investing in building it back up for today.” – Brad Simms, Global CEO, Crispin Porter Bogusky on its next integrated chapter.
Go Deeper: The new Crispin Porter Bogusky is a masterclass in integration; learn more about how four specialist, complementary agencies came together under the iconic banner from CPB North America CEO Maggie Malek.
You Can’t Run From Politics in 2024
You’ve never seen an election cycle as expensive as the one unfolding in the U.S. right now – and your brand will have to care in the next 12-18 months (even if you don’t want to). A record $12B of political ad spend will flood domestic markets in the ‘24 cycle, clashing up and down the marketing calendar with tentpoles like the Super Bowl. No matter the sector, brands are facing a more competitive attention market.
So What? You will have to try harder to stand out – and be more diligent about preparing for the reality that your consumers will be using their “political brains” in the shopping aisles and on digital check-out pages, rather than their consumer brains.
Overheard at AWNY: “Be deliberate. Whatever path you choose, don’t get backed into it. Choose a path and live up to it.” – Tyler Goldberg, Director of Political Strategy, Assembly, on the pitfalls brands face flip-flopping on issues they have spoken out on.
Go Deeper: Get a preview of the biggest markets to watch for political media spend in 2024 in Assembly’s Election Outlook Report.
Stay Ahead of Transformation in 2024
Finalizing your brand’s big plans for 2024? Contact Ryan Linder, Chief Growth Officer, Stagwell, to connect with experts from our 70+ global agencies who can provide solutions that turn 2023’s trends into 2024’s opportunities.
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NEW YORK, Oct. 19, 2023 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, congratulates Vice Chair Ray Day, APR, who was elected chair of the Public Relations Society of America (PRSA) for 2025.
A longtime communications professional, Ray joined Stagwell in 2020 after serving as chief communications officer at the Ford Motor Company and IBM. Ray’s PRSA appointment, along with other newly elected members of the 2024 Board of Directors, was announced this weekend at PRSA’s 2023 Leadership Assembly. He will serve as PRSA Chair-elect in 2024.
“Ray is an integral part of the leadership team at Stagwell as we seek to transform marketing and communications,” said Stagwell Chairman and CEO Mark Penn. “From his work with our blue-chip clients to his leadership in the recently formed Risk & Reputation Unit, Ray is relied on across the network for his expertise as a veteran in the communications field. This is a well-deserved appointment, and we are proud to count Ray as an essential member of the Stagwell team.”
“Ray brings to PRSA an extensive background in communications and business and experience working with multinational organizations,” said Michelle Olson, APR, 2023 Nominating Committee Chair for PRSA in a release. “He will be a great influence on the future of PRSA and the profession, and his contributions will benefit all of our members.”
About Ray Day, APR, Chair-elect:
In his role as Vice Chair of Stagwell, which he joined in February 2020, Ray focuses on communications, public relations, corporate affairs, reputation and directly serves as senior communications counsel for major clients around the world.
He is a recognized voice and leader in communications and public relations, with more than three decades of experience and insights as a chief communications officer. Prior to Stagwell, he served as IBM’s CCO, leading the company’s global Communications and Corporate Citizenship teams in more than 170 countries. Before IBM, Day was Group Vice President of Communications and served 28 years with Ford. His accomplishments include transforming Ford’s communications model working with then CEO Alan Mulally. This led to the biggest improvement ever in the company’s corporate reputation and brand strength, and Day was cited as a key part of the Ford transformation in the American Icon business book.
About Stagwell
Stagwell (NASDAQ: STGW) is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
About PRSA
PRSA is the leading professional organization serving the communications community through a network of more than 400 professional and student chapters in the U.S., Argentina, Colombia, Peru and Puerto Rico. Guided by its Code of Ethics, PRSA empowers its members to succeed at every stage of their careers through a wide breadth of premium professional development programs, exclusive networking events and leadership opportunities. Signature events include the Anvil Awards, and ICON, the premier annual gathering for communications professionals and students. For more information, visit www.prsa.org.
Media Contact
Sarah Arvizo
pr@stagwellglobal.com
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By: Ray Day
CONTACT:
We wanted to share our latest consumer and business insights, based on research from Stagwell. Among the highlights of our weekly consumer sentiment tracking:
MOST AMERICANS ARE LIVING PAYCHECK TO PAYCHECK
Two thirds (65%) of Americans often are living paycheck to paycheck, and 30% run out of money at the end of every month. Our Harris Poll survey with Barron’s also shows:
- 78% of Americans earning less than $50,000 a year report they live paycheck to paycheck.
- 51% of Americans who make more than $100,000 a year say they run out of money by month’s end.
- Living paycheck to paycheck isn’t new: 66% of those surveyed in March 2020 said they were spending down their wages.
COVID CASH RESERVES ARE DWINDLING
“Revenge spending” might be a thing of the past, and COVID’s cash reserves are running low, based on insights from our Harris Poll with USA Today.
- 71% of Americans built excess reserves during the pandemic.
- 59% of those savers say they’ve depleted most or all of that money.
- Among that group, 90% have pared back spending or plan to do so, compared with 62% who still have some COVID funds.
- Of those cutting spending, 65% are dining out less, 61% are cutting back on experiences, and 56% are buying fewer discretionary goods.
SPORTS TEAMS MORE IMPORTANT THAN LOVE?
A surprising number of Americans chose their sports teams over love, according to our Harris Poll survey with Vivid Seats.
- 45% of Americans say a romantic relationship is more likely to last if both partners are fans of the same sports team.
- 21% of sports fans say they would break up with a significant other if they refused to root for their favorite team.
- 1 in 10 sports fans would even miss their wedding to see their favorite team play in the playoffs or a championship game in person – and 19% would miss a medical procedure.
- 55% “feel like a different person” when in the heat of the moment at a game.
- 54% will travel hundreds of miles to see their favorite sports team.
- What is a true fan? Most say it is: someone who attends games even when their team is on a long losing streak (66%); someone who stays until the very end even when the event is clearing out (58%); and someone who will sit through an event in the pouring rain/snow to support their team (54%).
TO SPEAK OUT OR NOT TO SPEAK OUT
Companies speaking out on social and political issues continues to be one of the toughest decisions business leaders have to make – especially when most Americans worry about its authenticity, according to Stagwell’s Risk and Reputation Unit.
- 68% say, when companies speak out, it’s a marketing ploy rather than an authentic opinion.
- 59% believe there is more risk than reward in a CEO speaking out today.
- 78% say companies are getting into more controversy as they try to appease both sides.
- What should companies do, according to Stagwell research?: 77% would respect companies more if they were clear about communicating their values when speaking out – even if they disagree with them.
- 77% say companies would have a better reputation if they spoke out only on social issues that relate directly to their business.
- 84% say companies need to have a track record of acting on their values to be taken seriously.
- 80% believe what a company does for society is more important than what it says.
- To help businesses navigate the road ahead, Stagwell’s Risk and Reputation Unit is conducting off-the-record, in-person briefings for C-suite executives seeking intelligence about business risks heading into the 2024 election. To join one of the forums, send us an e-mail.
ICYMI
In case you missed it, check out some of the thought-leadership and happenings around Stagwell making news:
- Roku reveals how streaming habits can make or break your romantic relationships
- The Worst (And Best) States For Healthcare, Ranked
- GALE’s Dan MacGuire: Customer-Centric Retail Evolution: AI and Unified Commerce Take Center Stage
- Code and Theory’s Alison Hess: Substance Abuse Is Up. Marketers Could Be Making It Worse
- PRophet Expands Platform Capabilities, Unveiling New AI-Driven Influencer Marketing and News Monitoring Tools
- Ray Day on What’s Top-of-Mind at PRSA’s ICON 2023
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Does AI have promise, or does it promise to fail us? Across creative sectors like advertising and Hollywood, and beyond to tech, news, and sports, this question is shaping the future. For Advertising Week New York 2023, Stagwell is looking to help the marketing industry strike at the heart of this debate with…well, a debate.
Join us to hear experts and digital leaders from advertising, gaming, academia, and tech debate AI’s future on the Great Minds Stage at Advertising Week New York 2023. In this week’s edition of The Well, get the latest on how consumers feel about the AI debate and catch a glimpse of all the panels our network will host at AWNY. We hope to see you on the ground in New York next week. Learn more here.
— Beth Sidhu, Chief Brand and Communications Officer
‘Ownership is the Single Most Important Issue’ in AI
“Ownership is the single most important issue. All other issues have a cascading effect from ownership,” says Dan Gardner, Chairman of the Code and Theory network (who will join Stagwell’s AWNY AI debate). Consumers and artists are reckoning with the reality that generative AI models are sometimes trained on copyrighted materials without the owners’ consent – and they are suing. These suits will shape early ethical frameworks for AI; marketers should keep their eyes on companies like Midjourney and StabilityAI, who are squarely in the crosshairs of this wave of action. Read Dan’s commentary in The Drum to learn about the other debates shaping genAI in 2024.
Will AI Make Us More Creative or Destroy Innovation?
Consumers certainly have an opinion. “Creativity custodians,” the subset of the consumer market most worried about the impact of AI on creative pursuits, media and content, worry that all new media might end up feeling bland and unoriginal. One way marketers can bridge the gap? National Research Group suggests brands add limits to generative AI functions that prevent them from imitating the styles of specific artists, writers, and creatives.
Are Consumers as Polarized by AI as the Industry Is?
Consumers lean towards realism when it comes to AI, with 59% believing it’s a valuable tool for society, but only if used carefully and responsibly. Further, a plurality (35%) can be described as “Pragmatic Pioneers” – those who acknowledge AI is here to stay and are concerned primarily with how it is implemented and who has access to it. For those looking to navigate this evolving landscape, NRG’s Accountable AI Playbook offers a roadmap to align with consumer expectations and shape the next phase of AI implementation in your organization.
AI, Elections, and Evolutions at AWNY 2023
Stagwell will host a series of AWNY23 panels on all our favorite topics: artificial intelligence, the no-holds-barred battle between commercial and political advertising coming in 2024, and how to build modern, transformative agencies. Must-see panels from our team to catch next week:
- Bots vs. Brains: Does AI Have Promise, or Does it Promise to Fail Us? – hosted by Stagwell with experts from Code and Theory, NYU Stern, Enthusiast Gaming, and Google –Oct. 17, 2:10-2:40 p.m.
- The Creative Agency Identity Crisis – hosted by CPB and moderated by Campaign US – Oct. 18, 2:10-2:40 p.m.
- Balancing Act: How to Authentically Navigate the Political Circus – hosted by Assembly with Betches and Campaign U.S. – Oct. 18, 4-4:30 p.m.
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Former Y&R Global Chairman and CEO to Drive Client Value and Provide Mentorship
NEW YORK, Oct. 16, 2023 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced the appointment of David Sable as Vice Chair, effective immediately. In this role, David will drive new solutions for clients, leverage his diverse network of contacts, and work with existing clients to boost value by expanding the depth and range of services they utilize across Stagwell to help them maximize business outcomes.
Sable will be based at Stagwell’s global headquarters at 1 World Trade Center in New York and report to Chairman and CEO Mark Penn.
“David’s fingerprints are all over the best of modern marketing – from pioneering work for companies like Microsoft, Colgate-Palmolive and USPS to his time helping challengers in ‘The Startup Nation’ accelerate to the global stage,” said Penn. “He’s a force of transformation with a tested client track record and a purposeful leader to boot. I’ve known and worked with David for over 20 years and am excited to add him to our senior leadership team.”
“Stagwell is the Yoda of the marketing industry: smart, hard-working, caring, and committed to the ‘Do….there is no try’ philosophy. It’s just the right size to make an impact and add incremental value for clients, without the drag of internally competing resources or bloated global footprint,” said Sable. “I’m excited to collaborate again with Mark and Jay, who have been longtime clients and colleagues of mine, as well as partner with the exceptional entrepreneurs across Stagwell to take all my years of experience across clients, creative, media, insights, and life, and pay it all forward in the biggest way possible.”
Sable is a recognized global marketing leader with a career spanning four decades at top global agencies. As Global CEO and Chairman of Y&R, Sable drove the ascension of the agency to a top 5 global creative firm and steered the development of critical practices including Y&R’s in-house innovation accelerator called “The Spark Plug.” Additionally, he worked to expand the global footprint of VML, and ultimately helped unify Y&R and VML into one marketing powerhouse, VMLY&R.
Then, as Vice Chairman at Wunderman – where he was mentored by the late Lester Wunderman – he led the transition of the company as a digital/data powerhouse. At Burson-Marsteller, where he was mentored by the late Harold Burson, and Cohn & Wolfe, he led major accounts in business to business, financial as well as consumer. David also has experience founding and growing businesses all over the world, including Mimsar, which focused on the then-nascent Israeli hi-tech industry, and digitally focused omni-channel firm Genesis Direct.
David served as Jury President three times at the Cannes Lions International Festival of Creativity, is a former Chairman of the Advertising Council’s Board of Directors and was a Director-at-Large of the 4As for many years.
Today, David is a proud social activist – Forbes in 2013 named him one of the 10 Most Generous Marketing Geniuses – championing bi-partisan legislative initiatives and working for an end to gun violence, hunger, bullying, and inequality. David currently serves on the Boards of Directors of American Eagle Outfitters, Ethan Allen, UNICEF/USA and the International Special Olympics, as well as the Executive Board of UNCF. David was part of the founding team and will remain a core part of the management of the award-winning Shine a Light on Antisemitism effort, one of the largest social activation campaigns in the U.S., convening organizations, companies, communities, and elected officials to unite in shining a light on antisemitism in all its modern forms. He also serves as an advisor to many start-ups and fast-growing companies including SohpIn; Terrific: Swift and The Squadron.
In his free time, David is also a prolific writer; his latest published book is a children’s novel, “What Would You Wish For”?
About Stagwell
Stagwell (NASDAQ: STGW) is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. www.stagwellglobal.com.
Media Contact
Sarah Arvizo
pr@stagwellglobal.com
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NEW YORK, Oct. 13, 2023 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced management will participate in four upcoming investor conferences throughout November 2023:
- RBC TIMT Conference (November 14, 2023): Management will attend and host 1×1 meetings with investors.
- Stephens Annual Investment Conference (November 15, 2023): Jason Reid, chief investment officer, will host 1×1 meetings with investors.
- Wells Fargo TMT Summit (November 28, 2023) – Mark Penn, chairman and ceo, will host 1×1 meetings with investors.
- UBS Tech Conference (November 29, 2023) – Ben Allanson, director, investor relations, will host 1X1 meetings with investors.
Visit this page to view upcoming investor events and programming from Stagwell. Reach out to ir@stagwellglobal.com with questions.
About Stagwell
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world’s most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 13,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
Contact
Ben Allanson
ir@stagwellglobal.com
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Newsletter
Sign Up