Assembly appoints new global COO and Europe CEO

LONDON - Assembly, a global media agency within the Stagwell (NASDAQ: STGW) network - a $1.79 billion market cap company with annual revenues of $2.71 billion - has announced the promotion of Matt Adams to Global Chief Operating Officer and Clare Chapman to Europe CEO, effective immediately. According to InvestingPro analysis, Stagwell maintains a strong financial health score and has shown robust growth with revenue increasing nearly 5% over the last twelve months. Adams, who previously led Assembly Europe, has been instrumental in the agency’s growth, including the expansion into Poland and securing major clients. Chapman, succeeding Adams, brings over 25 years of media experience and aims to further drive innovation and client impact in Europe.

Adams’ tenure as Europe CEO saw Assembly’s expansion into new markets and the attainment of B Corp certification, highlighting a commitment to social and environmental responsibility. His new role as Global COO will encompass commercial leadership and the oversight of global media partnerships and Assembly’s Global Delivery offering. The company’s strategic moves appear to be paying off, with InvestingPro data showing a significant 9.11% return over the past week, while analysts maintain a bullish outlook on the stock.

Rick Acampora, Global CEO of Assembly, praised Adams for his role in the company’s European success and expressed confidence in his global leadership potential. Adams himself expressed eagerness to elevate operational excellence and foster innovation and growth worldwide.

Chapman, taking over the Europe CEO position, is set to focus on growth, client partnerships, and impact across Europe and the UK. She plans to integrate various functions to create strategic solutions for brands. Acampora commended Chapman’s leadership qualities and anticipates her driving Assembly Europe to new heights.

Assembly is known for its omnichannel media approach, combining data, talent, and technology to catalyze growth for brands. The agency’s global team of over 2,300 professionals operates across 35 offices, driven by the STAGE operating system. The company emphasizes its role in leading social and environmental impact within the agency sector.

This leadership change reflects Assembly’s commitment to fostering innovation and maintaining its position at the forefront of media excellence. The information is based on a press release statement from Assembly. For investors seeking deeper insights, InvestingPro offers comprehensive analysis of Stagwell’s performance metrics, growth prospects, and valuation, with additional ProTips and detailed financial health indicators available through their Pro Research Report, part of their coverage of over 1,400 US equities.

In other recent news, Stagwell Inc. announced the acquisition of Gold Rabbit Sports, a sports marketing agency known for its strategic partnerships with high-profile clients like the Kansas City Chiefs and Red Bull. This acquisition aims to enhance Stagwell’s capabilities in sports marketing by integrating Gold Rabbit Sports into its experiential agency, TEAM. Additionally, Stagwell has acquired Create. Group, a digital communications group in the Middle East, to bolster its digital transformation efforts in the MENA region. This acquisition aligns with Stagwell’s strategy to expand its digital capabilities globally, following previous acquisitions in various markets.

Stagwell also disclosed an agreement to acquire another digital strategy and communications company, involving the issuance of up to $4.0 million in Class A common stock. The transaction includes contingent payments based on the acquired company’s financial performance over the next few years. Meanwhile, Assembly, a media agency under Stagwell, unveiled STAGE AI, an upgrade to its STAGE operating system incorporating artificial intelligence to enhance data processing and campaign relevance.

Furthermore, Stagwell has appointed Diego Ricchiuti as the CEO for its newly established Italian office, marking another step in its European expansion. This move is part of a broader strategy to strengthen its presence in Europe following recent mergers and acquisitions. These developments reflect Stagwell’s ongoing efforts to expand its services and enhance its global reach.

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