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NEW YORKMay 18, 2022 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, announced today the winners, honorees and nominees of the 26th Annual Webby Awards, which celebrate the trends, insights and talent that define the future of internet excellence.

Agencies from the Stagwell network recognized this year include 72andSunny, Code and Theory, Colle McVoy, Doner, Hunter, Instrument, and Observatory.

 

“From social activism to sports to gaming to entertainment and more, our agencies proved once again how they are bridging creativity and technology to transform marketing for the better,” said Stagwell Chairman and CEO Mark Penn. “We are grateful to the Webbys and all of the judges involved on these well-deserved recognitions and look forward to bringing more creative excellence to the digital world.”

For a full list of Stagwell agency winners, honorees and nominees, see below:

Winners
72andSunny
NFL – Football is for Everyone
Winner, Advertising, Media & PR, Real-Time Response 2022

Tinder Swipe Night: Killer Weekend
Winner, Advertising, Media & PR, Best Use of Video or Moving Image 2022

Activision/Blizzard Call of Duty – Warzone in Paradise
Winner, Social, Best Influencer Endorsement 2022

Code and Theory
Nylon – Re-introducing an Iconic Publishing Brand
Winner, Websites and Mobile Sites, Magazine 2022

Doner
The Vitals: True Nurse Stories
Winner, Advertising, Media & PR, Health, Wellness & Pharmaceutical 2022
Winner, Advertising, Media & PR, Best Branded Editorial Experience 2022

Hunter
Lilly Singh Celebrates Diwali Traditions and New Beginnings with Johnnie Walker
People’s Voice Winner, Video, Short Form (Branded)

Behold Nick Offerman’s most ambitious Father’s Day gift to date – Lagavulin Offerman Edition: Guinness Cask Finish
People’s Voice Winner, Advertising, Media & PR, Food & Beverage 2022

Honorees and Nominees
72andSunny
NFL – Football is for Everyone
Nominee, Advertising, Media & PR, Corporate Social Responsibility Campaign 2022
Nominee, Advertising, Media & PR, Social Video 2022

Tinder Swipe Night: Killer Weekend
Nominee, Advertising, Media & PR, Best Video Campaign 2022
Nominee, Social, Best Social Campaign 2022

Ghosted Busters
Honoree, Websites and Mobile Sites, Weird 2022

NFL – As One: The Vince Lombardi Comeback
Nominee, Video, Sports (Branded) 2022

CKE – Hot and Hand-Breaded
Nominee, Advertising, Media & PR, Best Media Strategy 2022
Nominee, Advertising, Media & PR, Best Use of Social Media 2022

Adobe Premiere – Fantastic Voyage
Nominee, Advertising, Media & PR, Best Use of Animation or Motion Graphics 2022

Code and Theory
Giffords — Launching a Powerful Resource to Spark Action on Gun Violence
Honoree, Websites and Mobile Sites, Activism 2022

adidas – End Plastic Waste
Honoree, Advertising, Media & PR, Digital Campaign 2022

Elite Daily – Modern Storytelling for Bustle Digital Group Websites and Mobile Sites
Honoree, Cultural Blog/Website 2022
Honoree, Best Visual Design – Aesthetic 2022

Colle McVoy
Mask-Up Concert TV
Honoree, Video, Short Form (Branded) 2022

Luke Bryan Campaign
Honoree, Social, Culture & Lifestyle (Series & Campaigns) 2022

Hunter
Behold Nick Offerman’s most ambitious Father’s Day gift to date – Lagavulin Offerman Edition: Guinness Cask Finish
Honoree, Advertising, Media & PR, Brand Strategy 2022
Honoree, Advertising, Media & PR, Best Launch 2022

Instrument
BankBlackUSA 
Honoree, Websites and Mobile Sites, Activism 2022

Dropbox | For All Things Worth Saving
Nominee, Advertising, Media & PR, Digital Campaign 2022

Observatory
A Future Begins
Nominee, Video, Animation (Branded) 2022
Nominee, Video, Music (Branded) 2022
Nominee, Advertising, Media & PR, Sustainability & Environment 2022

About Stagwell Inc.
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 10,000+ 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: Beth Sidhu
beth.sidhu@stagwellglobal.com 
+1. 202.423.4414

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Chariman and CEO Mark Penn to Participate in a Fireside Chat

NEW YORK and BOSTON, May 13, 2022 /PRNewswire/ — Stagwell (NASDAQ: STGW) announced  today that Chairman and CEO Mark Penn will attend the upcoming J.P. Morgan 50th Annual Global Technology, Media and Communications Conference, taking place May 23-25 in Boston. Penn will participate in a fireside chat with Q&A to follow. The session will take place at 3:50 p.m. EDT on Monday, May 23. To register and access the presentation, please visit this link.

Penn will also be available for 1:1 investor meetings. For more information, please reach out to ir@stagwellglobal.com.

Stagwell reported Q1 2022 earnings on Friday, May 6, and released its 2021 Annual Report on Monday, May 2.

About Stagwell Inc.
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 10,000+ 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: Michaela Pewarski

                ir@stagwellglobal.com

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NEW YORK, May 9, 2022 /PRNewswire/ — Stagwell (NASDAQ: STGW) announced today that Chairman and CEO Mark Penn will attend the upcoming Needham Technology & Media Conference on Monday, May 16, and Tuesday, May 17. Penn will deliver a virtual presentation at 12:45 EDT on Monday, May 16. To register and access the presentation, please visit this link.

Penn will also be available for 1:1 investor meetings virtually on May 16 and in person on May 17. For more information, please reach out to ir@stagwellglobal.com.

Stagwell reported Q1 2022 earnings on Friday, May 6, and released its 2021 Annual Report on Monday, May 2.

About Stagwell Inc.
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 10,000+ 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: Michaela Pewarski

                ir@stagwellglobal.com

 

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FEATURING

Record first quarter financial results driven by high-growth digital transformation, consumer insights & strategy, and large client wins in media

  • GAAP Revenue grew 254.7% in 1Q and 31.5% on a Pro Forma basis

  • Pro-Forma Organic Net Revenue grew 23.6% in 1Q

  • Net Income of $33.6M in 1Q or Diluted EPS of $0.10 per share

  • Net Income attributable to Stagwell of $12.7M in 1Q

  • Adjusted EBITDA of $101.4M in 1Q representing a 19.3% margin on Net Revenue

  • Record first quarter Net New Business of $54M

  • 56% of 1Q Net Revenue came from high-growth digital services

  • Reaffirms 2022 full-year outlook

New York, NY, May 6, 2022 (NASDAQ: STGW) – Stagwell Inc. (“Stagwell”) today announced financial results for the three months ended March 31, 2022.

FIRST QUARTER HIGHLIGHTS:

  • Revenue of $642.9 million, an increase of 254.7% versus the prior year period.
  • Pro Forma GAAP revenue growth of 31.5% versus the prior year period and 30.2% ex-Advocacy.
  • First quarter net revenue of $526.6 million, an increase of 233.2% versus the prior period.
  • Pro Forma net revenue growth of 22.8% versus the prior year period and 22.3% ex-Advocacy.
  • Pro Forma organic net revenue growth of 23.6% versus the prior year period and 23.2% ex-Advocacy.
  • First quarter net income of $33.6 million versus $4.6 million in the prior year period.
  • First quarter net income attributable to Stagwell Inc. common shareholders of $12.7 million versus $4.4 million in the prior year period.
  • First quarter adjusted EBITDA of $101.4 million, an increase of 325.4% versus the prior year period.
  • Pro Forma adjusted EBITDA growth of 33.8% versus the prior period and 32.4% ex-Advocacy.
  • First quarter Adjusted EBITDA Margin of 19.3% of net revenue.
  • Net New Business wins totaled $54 million in the quarter.

“While the GDP may be contracting, Stagwell is growing strongly. The merger has spurred revenue synergies immediately apparent in the big wins, significant industry awards, and integration of talent and technology across our network,” said Mark Penn, Chairman and Chief Executive Officer of Stagwell. “We grew first quarter net revenue 24% versus the prior year, more than double the pace of legacy holding companies, and grew Adjusted EBITDA at an even faster rate of 34% year-over-year. We also made a key e-commerce acquisition in April with Brand New Galaxy, which connects to our media and digital transformation offerings and provides increased scale in Europe. Our record quarter continues to build on our post-combination track record of delivering growth, free-cash-flow, and growing profitability.”

Frank Lanuto, Chief Financial Officer, commented: “The Company reported strong first quarter results with GAAP revenue of $643 million, net revenue of $527 million and Adjusted EBITDA of $101 million. Organic pro forma net revenue increased 24% over the prior period quarter and also increased sequentially in a typically smaller seasonal quarter. Adjusted EBITDA margin expanded 160 bps year-over-year on a Pro Forma basis to 19.3% of net revenue as the Company began to see the benefits of expected cost synergies.”

Financial Outlook

2022 financial guidance is as follows:

  • Pro Forma Organic Net Revenue growth of 18% – 22%
  • Pro Forma Organic Net Revenue growth ex-Advocacy of 13% – 17%
  • Adjusted EBITDA of $450 million – $480 million, excluding the contribution from 2022 acquisitions
  • Pro Forma Free Cash Flow growth of approximately 30%
  • Guidance assumes no impact from foreign exchange, acquisitions or dispositions.
* The Company has excluded a quantitative reconciliation with respect to the Company’s 2022 guidance under the “unreasonable efforts” exception in Item 10(e)(1)(i)(B) of Regulation S-K. See “Non-GAAP Financial Measures” below for additional information.

 

Conference Call

Management will host a video webcast and conference call on Friday, May 6, 2022, at 8:30 a.m. (ET) to discuss results for Stagwell Inc. for the three months ended March 31, 2022.  The video webcast will be accessible at https://stagwellq12022earnings.open-exchange.net/. An investor presentation has been posted on our website at www.stagwellglobal.com and may be referred to during the conference call.

A recording of the conference call will be accessible one hour after the call and available for ninety days at www.stagwellglobal.com.

Stagwell Inc.

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 10,000+ 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.

Basis of Presentation

The acquisition of MDC Partners (MDC) by Stagwell Marketing Group (SMG) was completed on August 2, 2021. The results of MDC are included within the Statements of Operations for the period beginning on the date of the acquisition through the end of the respective period presented and the results of SMG are included for the entirety of all periods presented.

Non-GAAP Financial Measures

In addition to its reported results, Stagwell Inc. has included in this earnings release certain financial results that the Securities and Exchange Commission (SEC) defines as “non-GAAP Financial Measures.”  Management believes that such non-GAAP financial measures, when read in conjunction with the Company’s reported results, can provide useful supplemental information for investors analyzing period to period comparisons of the Company’s results. Such non-GAAP financial measures include the following:

Pro Forma Results: The Pro Forma amounts presented for each period were prepared by combining the historical standalone statements of operations for each of legacy MDC and SMG. The unaudited pro forma results are provided for illustrative purposes only and do not purport to represent what the actual consolidated results of operations or consolidated financial condition would have been had the combination actually occurred on the date indicated, nor do they purport to project the future consolidated results of operations or consolidated financial condition for any future period or as of any future date. The Company has excluded a quantitative reconciliation of adjusted Pro Forma EBITDA to net income under the “unreasonable efforts” exception in Item 10(e)(1)(i)(B) of Regulation S-K.

(1) Organic Revenue: “Organic revenue growth” and “organic revenue decline” refer to the positive or negative results, respectively, of subtracting both the foreign exchange and acquisition (disposition) components from total revenue growth. The acquisition (disposition) component is calculated by aggregating prior period revenue for any acquired businesses, less the prior period revenue of any businesses that were disposed of during the current period. The organic revenue growth (decline) component reflects the constant currency impact of (a) the change in revenue of the partner firms that the Company has held throughout each of the comparable periods presented, and (b) “non-GAAP acquisitions (dispositions), net”. Non-GAAP acquisitions (dispositions), net consists of (i) for acquisitions during the current year, the revenue effect from such acquisition as if the acquisition had been owned during the equivalent period in the prior year and (ii) for acquisitions during the previous year, the revenue effect from such acquisitions as if they had been owned during that entire year (or same period as the current reportable period), taking into account their respective pre-acquisition revenues for the applicable periods, and (iii) for dispositions, the revenue effect from such disposition as if they had been disposed of during the equivalent period in the prior year.

(2) Net New Business: Estimate of annualized revenue for new wins less annualized revenue for losses incurred in the period.

(3) Adjusted EBITDA: defined as Net income excluding non-operating income or expense to achieve operating income, plus depreciation and amortization, stock-based compensation, deferred acquisition consideration adjustments, and other items. Other items include restructuring costs, acquisition-related expenses, and non-recurring items.

(4) Free Cash Flow:  defined as Adjusted EBITDA less capital expenditures, change in net working capital, cash taxes, interest, and distributions to minority interests, but excludes contingent M&A payments.

(5) Financial Guidance:  The Company provides guidance on a non-GAAP basis as it cannot predict certain elements which are included in reported GAAP results.

Included in this earnings release are tables reconciling reported Stagwell Inc. results to arrive at certain of these non-GAAP financial measures.

This press release contains forward-looking statements. Statements in this press release that are not historical facts, including without limitation the information under the heading “Financial Outlook” and statements about the Company’s beliefs and expectations, earnings (loss) guidance, recent business and economic trends, potential acquisitions, and estimates of amounts for redeemable noncontrolling interests and deferred acquisition consideration, constitute forward-looking statements. Words such as “estimates”, “expects”, “contemplates”, “will”, “anticipates”, “projects”, “plans”, “intends”, “believes”, “forecasts”, “may”, “should”, and variations of such words or similar expressions are intended to identify forward-looking statements. These statements are based on current plans, estimates and projections, and are subject to change based on a number of factors, including those outlined in this section.  Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update publicly any of them in light of new information or future events, if any.

Some of the factors that could materially and adversely affect our business, financial condition, results of operations and cash flows include, but are not limited to, the following:

  • risks associated with international, national and regional unfavorable economic conditions that could affect the Company or its clients;
  • the effects of the coronavirus pandemic (“COVID-19”), and the impact on the economy and demand for the Company’s services, which may precipitate or exacerbate other risks and uncertainties;
  • an inability to realize expected benefits of the combination of the Company’s business with the business of MDC (the “Business Combination” and, together with the related transactions, the “Transactions”);
  • adverse tax consequences in connection with the Transactions for the Company, its operations and its shareholders, that may differ from the expectations of the Company, including that future changes in tax law, potential increases to corporate tax rates in the United States and disagreements with the tax authorities on the Company’s determination of value and computations of its attributes may result in increased tax costs;
  • the occurrence of material Canadian federal income tax (including material “emigration tax”) as a result of the Transactions;
  • the Company’s ability to attract new clients and retain existing clients;
  • the impact of a reduction in client spending and changes in client advertising, marketing and corporate communications requirements;
  • financial failure of the Company’s clients;
  • the Company’s ability to retain and attract key employees;
  • the Company’s ability to compete in the markets in which it operates;
  • the Company’s ability to achieve its cost saving initiatives;
  • the Company’s implementation of strategic initiatives;
  • the Company’s ability to remain in compliance with its debt agreements and the Company’s ability to finance its contingent payment obligations when due and payable, including but not limited to those relating to redeemable noncontrolling interests and deferred acquisition consideration;
  • the Company’s ability to manage its growth effectively, including the successful completion and integration of acquisitions which complement and expand the Company’s business capabilities;
  • the Company’s material weaknesses in internal control over financial reporting and its ability to establish and maintain an effective system of internal control over financial reporting;
  • the Company’s ability to protect client data from security incidents or cyberattacks;
  • economic disruptions resulting from war and other geopolitical tensions (such as the ongoing military conflict between Russia and Ukraine), terrorist activities and natural disasters;
  • stock price volatility; and
  • foreign currency fluctuations.

Investors should carefully consider these risk factors, other risk factors described herein, and the additional risk factors outlined in more detail in our 2021 Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on March 17, 2022, and accessible on the SEC’s website at www.sec.gov, under the caption “Risk Factors,” and in the Company’s other SEC filings.

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CONTACT

Beth Sidhu
pr@stagwellglobal.com
202-423-4414

NEW YORK – May 3, 2022 – Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today released its 2021 Annual Report, highlighting substantial growth propelled by a uniquely high concentration of digital capabilities; strategic investments and acquisitions supporting digital and global growth; and a collaborative organizational model designed to meet the demands of larger clients in need of true integrated marketing services. Download the report here.

“In a digital economy, every screen is a canvas, every experience a data collection point, and every platform a new place for brand interaction. Brands deserve a digital-first alternative marketing network that drives business growth by connecting culture-moving creativity with leading-edge technology,” said Stagwell Chairman and CEO Mark Penn. “We strongly believe the steps we have taken to align Stagwell’s operations to support this transformation created a lasting platform for growth and shareholder value.”

Stagwell has had breakthrough performance since the combination with MDC Partners Inc., forming Stagwell Inc. in August 2021.  This includes $2 billion in combined pro forma revenue for 2021. Penn’s annual CEO letter discusses Stagwell’s 2021 financial performance in the context of five transformative approaches to global marketing services delivery:

  • Digital transformation and innovation, helping clients reposition their enterprises for growth in the new digital economy. Innovation shops Code and Theory, GALE, Instrument, and YML spotlight path-breaking work for Amazon Ads, MilkPEP, Google TV, Polestar and more within the report.
  • Scaling creative performance for modern brands, bringing world-class creativity and modern media together to drive powerful campaign results. Work from 72andSunny for Tinder/Match Group; Anomaly for Expedia; Assembly for Nike; Doner for CUE Health; Forsman & Bodenfors for Polestar; and more illustrate ways Stagwell unleashes creative effectiveness for the modern marketer.
  • Building integrated marketing solutions that align the right mix of core marketing capabilities and specialist expertise for ever-more-complex clients, exemplified in Sloane & Co., KWT Global, TEAM Enterprises, and GALE’s collaborative marketing efforts supporting Hertz’s vision for the future of electric vehicles.
  • Agile global expansion, fueled by Stagwell’s Affiliate Program spanning 50+ partners across Latin America, the Middle East, Africa, Asia-Pacific, and Eastern Europe, and investments in market leaders Instrument and Goodstuff.
  • Product innovation through the Stagwell Marketing Cloud, a proprietary product suite of SaaS and DaaS solutions that leverage artificial intelligence, machine learning, and mixed-reality business transformation for in-house marketers. SMC’s services span audience segmentation, influencer marketing, public relations, immersive experiences, and brand insights. The newest platform in the Cloud, ARound, helps brands create, manage, and scale augmented reality experiences for live events and retail.

To read the full report, please visit Stagwell’s website. Viewers can use QR codes throughout the document to explore referenced case studies.

About Stagwell Inc.

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 10,000+ 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.

 

PR Contact:
Beth Sidhu
pr@stagwellglobal.com
+1. 202.423.4414

IR Contact:
Michaela Pewarski
ir@stagwellglobal.com
646-429-1812

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CONTACTS

PR Contact
Beth Sidhu
pr@stagwellglobal.com
202-423-4414

 

IR Contact

Michaela Pewarski

NEW YORK, NEW YORK, APRIL 20, 2022 – Stagwell (NASDAQ: STGW) announced today the Company will report financial results for the three months ended March 31, 2022 on Friday, May 6, 2022, before the market open.

Stagwell will host a video webcast to review those results the same day at 8:30 AM (ET). To register and view the webcast, visit this link.

A replay of the webcast will be available following the event at Stagwell’s website, https://www.stagwellglobal.com/investors/.

About Stagwell Inc.

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 10,000+ 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.

IR Contact: 
Michaela Pewarski
ir@stagwellglobal.com
646-429-1812

PR Contact: 
Beth Sidhu
pr@stagwellglobal.com
202-423-4414

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CONTACT:

Beth Sidhu
pr@stagwellglobal
(202) 423-4414

New global office led by Vinicius Reis will anchor Stagwell’s investment in Latin America, connecting best-in-class services in the region for accelerated growth  

New York, New York – April 13, 2022Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced the opening of a new global office in Brazil to accelerate the company’s growth in Latin America and drive collaboration across its local agencies and affiliate partners. Stagwell Brazil is the second international office the company has opened in 2022; in January, Stagwell launched an office in Singapore to accommodate its growth throughout Asia-Pacific.  

Vinicius Reis will lead the office as President, Stagwell Brazil, alongside CCO & Partner CPB Brazil Andre Kassu and CCO & Partner CPB Brazil Marcos Medeiros. They will work to drive growth and bolster capabilities to serve regional and global clients seeking to reach consumers in the Latin American market. Reis will also continue to lead operations at Stagwell agency CP+B Brazil where he, Marcos, and Andre, have built the agency into a regional force for blue-chip clip engagements with Stella Artois, AB InBev, McCain, Amazon, Activision, Blizzard, Bauducco, PicPay, 99 (DiDi), Diageo, and others. Prior to CP+B Brazil, Reis served as CEO of Havas Digital and held international executive roles at DDB Miami and Lowe Worldwide. 

“We’re excited to enter this new chapter of our ambitious global expansion, returning to a region I’ve long believed to be the front door to international expansion for modern brands,” said Mark Penn, Chairman and CEO, Stagwell. “Stagwell Brazil will be a crucial player in the LATAM marketing ecosystem as we continue to grow our best-in-class offering for global clients.”  

“Stagwell’s mission to transform marketing with the power of creativity, data and technology is a powerful differentiating force in the market right now, and we’re excited to contribute the network’s growth,” added Reis. “Our agencies and partners across Latin America represent the best in modern marketing expertise. With Stagwell Brazil, we have the opportunity to drive region-wide collaboration in service of our clients.”  

Stagwell agencies in Brazil include global travel media firm Ink, communications network Allison+Partners, CP+B Brazil, YML, Locaria, and Code & Theory. Additionally, Stagwell has significantly expanded its footprint across LATAM over the past year via affiliate partnerships with recognized content and media agency networks Anchor Worldwide, Grupo Garnier and The Lab, with teams distributed across Aruba, Costa Rica, Colombia, Curacao, Mexico, Nicaragua, and Panama. Stagwell’s Global Affiliate program has to date signed over 50 affiliates worldwide, representing countries across Latin America, Asia-Pacific, Middle East and North Africa, and Eastern Europe.   

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 10,000+ 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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Larry joins leadership team alongside chair John Boiler and chief financial officer John Pyne

Headshot of Article Subject

LOS ANGELES, March 15, 2022 /PRNewswire/ — Constellation, a group within Stagwell (NASDAQ:STGW) announces Zakiya Larry as Global Chief Communications Officer as the network expands and bolsters business offerings.  She joins the leadership team with John Boiler, Constellation chair and Creative Co-Chair of 72andSunny, and John Pyne, Chief Financial Officer. Larry is the first woman, Millennial and Black professional to join the leaders at the helm of the global collective.

 

Constellation is a formation of best-in-class marketing services agencies spanning data, insights, creativity, technology and experiential that deploys itself to maximize clients’ biggest opportunities and solve their toughest business problems at scale. The Constellation solution is bespoke for each challenge and tailored to deliver maximum impact with peak efficiency.

 

The Constellation collective includes the following Stagwell agencies: 72andSunny, Instrument, Brand Citizens, Crispin Porter Bogusky (CP+B,) Hecho Studios and Redscout. The leaders of these companies sit on the operating council of Constellation.

“This collective is unified by the shared ambition to create a more integrated and powerful resource that will enable clients to access world-class talent from every discipline on their greatest challenges,” said John Boiler, Chair of Constellation. “We’re thrilled to welcome Zakiya who brings the expert skills and passion to unleash our story and amplify our impact on the industry.”

Larry, a longtime communications executive, entrepreneur and journalist, will develop and oversee a comprehensive internal and external communications strategy for Constellation that will support and help guide business goals and the client experience. This includes oversight of media relations, corporate responsibility, social media, crisis, business and executive communications, and live event productions. She will also oversee strategic communications planning and execution for Constellation’s ecosystem of six agencies and businesses that have a combined employee number of 3,000 and an international footprint including the U.S., Amsterdam, Australia, Brazil, Netherlands, Singapore and U.K.

Prior to joining Constellation, Zakiya led a boutique strategic communications firm that specialized in elevating brands through strategic public relations, crisis mitigation, DEI competency development and coaching for media and public speaking. Her clients included global leaders and international brands. Her work has garnered no less than a dozen national and international awards including two International Hermes Creative Awards, two National Association of Black Journalists (NABJ) Salute to Excellence Awards and multiple Public Relations Society of America (PRSA) awards. She is an honors graduate from an HBCU, Texas Southern University, and is a member of the PRSA, NABJ, and Alpha Kappa Alpha Sorority, Inc.

“I am excited to help advance the vision and work of Constellation and our family of companies,” said Zakiya Larry, Global Chief Communications Officer, Constellation. “This group and its vision reflect so much of my core: precision, collaboration, creativity, mutual care and respect for the whole person, and doing good while leading well. After nearly 20 years in communications, I believe this is the right formula for making a lasting impact for our clients and in the world. I’m all in.”

Ever expanding, the Constellation added two new agencies to the collective at the end of 2021 and will announce further details within the second quarter of 2022.

ABOUT CONSTELLATION

Constellation is a formation of best-in-class agencies within Stagwell (NASDAQ:STGW) across marketing services from data, insights, creativity, technology, and experiential that deploys itself to seize clients’ biggest opportunities and solve their toughest business problems.The collective includes: 72andSunny, Instrument, Brand Citizens, Crispin Porter Bogusky (CPB,) Hecho Studios and Redscout.

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 10,000+ 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 
comms.la@72andSunny.com

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LOS ANGELES, March 22, 2022National Research Group (NRG), recognized as an insights leader at the edge of technology, content and culture, today announced Grady Miller, head of consumer insights at Apple TV+, as its Chief Marketing Officer. He will run the company’s global marketing, strategic communications, and thought leadership functions. National Research Group is a firm within Stagwell (NASDAQ: STGW), the global challenger network built to transform marketing.

This marks Miller’s return to NRG, where he was most recently Vice President of Strategy in 2019. Then, he helped grow the business firmwide and led assignments with top content, technology, and media companies. In his new role, Miller will oversee the direction of NRG’s client engagement, content marketing, and media outreach. He will also oversee NRG’s thought leadership strategy, answering the questions that matter most to world-class creators, rising disruptors, and big tech firms.

“NRG’s singular expertise has never been more relevant to understanding what is next in culture. That’s why I’m so excited to be rejoining NRG at this pivotal moment. As we harness our vast knowledge of the consumer, NRG is further shaping the conversation around the future of content, tech, and media.” said Miller. “Our expanding data-driven reporting will create unique value for our clients that can fuel their innovation and creativity.”

Miller is an insights and analytics executive who comes to NRG after serving as the Global Research Lead for Apple TV+ since the launch of the video streaming subscription service in 2019. He established and built the group responsible for leveraging consumer insights across Apple TV+, where his team helped guide platform development, programming, and marketing.

“We are delighted to welcome our friend Grady back to NRG,” said Jon Penn, CEO, National Research Group. “Grady is a rare leader who is equal parts creator, counselor and researcher. His vision for seeing what’s next in our culture matched with his uncanny insight into content and technology trends will super charge our marketing to new heights.”

Miller initially joined NRG in 2016 following roles in film development and production at Sony Pictures Entertainment and at research agency Penn Schoen Berland. Miller has sat on the board of Los Angeles World Affairs Council and the American Jewish World Service. Miller received a Bachelor of Arts degree from the University of Southern California’s School of Cinematic Arts and a Master of Business Administration from the University of Southern California’s Marshall School of Business. He will be based in NRG’s Los Angeles office.

About National Research Group (NRG): NRG is a leading global insights and strategy firm at the intersection of entertainment and technology. Rooted in four decades of industry expertise, the world’s leading marketers turn to us for insights into growth and strategy for any content, anywhere, on any device. Working at the confluence of content, culture and technology, NRG offers insights for bold storytellers everywhere.

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 10,000+ 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:

Jordan Yates
818-388-7924
jordan@globalsitroom.com

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NEW YORK, March 23, 2022 /PRNewswire/ — Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, today announced its Board of Directors has authorized a stock repurchase program (the “Repurchase Program”) under which it may repurchase up to $125.0 million of shares of its outstanding Class A common stock. The Repurchase Program will expire on March 23, 2025.

Under the Repurchase Program, share repurchases may be made at the Company’s discretion from time to time in open market transactions at prevailing market prices (including through trading plans that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended), in privately negotiated transactions, or through other means. The timing and number of shares repurchased under the program will depend on a variety of factors, including the performance of the Company’s stock price, general market and economic conditions, regulatory requirements, the availability of funds, and other relevant considerations, as determined by the Company. The Repurchase Program may be suspended, modified or discontinued at any time without prior notice. The Company’s Board of Directors will review the Repurchase Program periodically and may authorize adjustments of its terms if appropriate.

“This program reinforces the confidence of Stagwell’s Board in our financial strength, the transformative results of our combination, and the rigorous strategic management our team has applied to the business,” said Mark Penn, Chairman and CEO, Stagwell.

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 10,000+ 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.

Forward-Looking Statements
This press release contains forward-looking statements. The forward-looking statements in this release include statements regarding the Company’s stock repurchase program and expectations regarding such program and the Company’s ability to repurchase shares thereunder. These statements are based on current plans, estimates and projections, and are subject to change based on a number of factors that could adversely affect the Company’s business, financial condition, results of operations and cash flows, including those outlined in the Company’s Annual Report on Form 10-K, and the Company’s other filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at www.sec.gov. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update publicly any of them in light of new information or future events.

Contact:
Michaela Pewarski
IR@stagwellglobal.com 
646-429-1812

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