Business
STAGWELL (STGW) BOLSTERS GLOBAL PRESENCE: ESTABLISHES LONDON HUB, AND APPOINTS JAMES TOWNSEND AS STAGWELL EMEA CEO AND RICK ACAMPORA AS GLOBAL CEO OF ASSEMBLY
Townsend retains global leadership of Stagwell's Brand Performance Network, of which Assembly is a member agency NEW YORK and LONDON, Dec. 7, 2023
About this update from Stagwell Inc.
[{"type":"text","content":"Townsend retains global leadership of Stagwell's Brand Performance Network, of which Assembly is a member agency \nNEW YORK and LONDON, Dec. 7, 2023 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, has shared its plans for continued global expansion today, announcing a global hub in London and the appointment of James Townsend as the company's inaugural CEO of EMEA. Stagwell's London office, set to open in late January 2024 within the Blue Fin Building in South Bank, will serve as the collaborative hub for more than 750 of the 1900 employees in the region.\n\n \n \n \n \n \n \n\n \nStagwell enhances global growth with new London hub and EMEA CEO.The announcement follows Stagwell's Q3 earnings, which showed the company's EMEA operations played a pivotal role in sustaining its 25% overall international revenue, with 30% of that attributable to the region. With further growth and a strong period of M&A action slated, James Townsend, currently the global CEO of Assembly and Stagwell's Brand Performance Network, will assume the role of CEO at Stagwell EMEA, effective 1 January 2024. In the position, Townsend will support the growth of Stagwell's 16 agency brands in the region. At the same time, he will continue to lead Stagwell's Brand Performance Network, a group of leading creative, media, and commerce agencies offering connected solutions to marketers.\n\"We've taken steps over the past few years to expand and grow our operation across EMEA, and we're pleased to accelerate our investment in the region with James Townsend at the helm. From the start, JT has been an invaluable network leader, overseeing the combination of ForwardPMX into Assembly, and then the launch and market success of our Brand Performance Network, which has more than doubled under his leadership,\" said Mark Penn, Chairman and CEO, Stagwell.\n\"After five extraordinary years in New York, I look forward to returning to London and supporting Stagwell's EMEA expansion. Throughout the region, we see that clients are seeking strategic partners to support their transformation and growth agendas. With collective capabilities spanning consumer research, media, data, technology, creative, and digital transformation, Stagwell presents a modern alternative to legacy holding companies,\" said James Townsend.\nStagwell's new Lond...