Stagwell announces leadership changes to support growth strategy

NEW YORK - Marketing firm Stagwell (NASDAQ:STGW), a $1.2 billion market cap company currently trading below its InvestingPro Fair Value, announced Tuesday four key executive appointments as part of a leadership restructuring aimed at supporting the company’s expansion plans. The company has demonstrated solid growth with revenues reaching $2.8 billion over the last twelve months.

Ryan Greene has been appointed Chief Financial Officer, Frank Lanuto as EVP of Finance, Jason Reid as Chief Strategy Officer, and Niels Laurberg as Chief Investment Officer, according to a company press release.

Greene, who previously served as Chief Operating Officer, has led Stagwell’s achievement of $65 million in cost synergies since 2021. In his new role, he will oversee the finance organization and spearhead efforts to achieve between $80 million and $100 million in AI-led efficiencies. The company has maintained strong operational performance, with a 9.6% revenue growth and active share buybacks by management, according to InvestingPro data.

Lanuto, who transitions from his role as CFO, will continue managing the company’s tax, finance, and public accounting functions.

Reid, who has overseen more than 50 merger and acquisition deals over the past decade, will focus on developing growth strategies for Stagwell’s business lines and exploring new opportunities to differentiate client offerings globally.

Laurberg, previously Vice President of Investments, will now lead the company’s merger and acquisition activities as part of its global expansion efforts.

"These moves strategically advance our executive team and are aimed at building the most effective, efficient and forward-looking leadership group," said Mark Penn, Chairman and CEO of Stagwell, in the press release.

All four executives will report directly to Penn and serve on the company’s Senior Leadership Committee.

Stagwell describes itself as a "challenger holding company" with specialists in over 45 countries. The company has outlined plans to reach $5 billion in revenue within the next five years. Want deeper insights? InvestingPro subscribers get access to exclusive analysis, including 7 additional ProTips and comprehensive financial metrics in the Pro Research Report.

In other recent news, Stagwell Inc. reported its Q1 2025 earnings, revealing an EPS of $0.12, which was below the anticipated $0.16. Despite this earnings miss, the company’s net revenue increased by 6% year-over-year, reaching $564 million. Stagwell reaffirmed its full-year guidance for 2025, projecting an 8% growth in total net revenue and adjusted EBITDA between $410 million and $460 million. The company also highlighted a significant 45% growth in its Stagwell Marketing Cloud revenue. Furthermore, Stagwell announced the acquisition of Jet Fuel to enhance its marketing capabilities and completed the acquisition of Unicepta, a media monitoring and analytics platform. The firm continues to expand internationally, with notable growth in the Middle East and Asia. Additionally, Stagwell’s strategic focus on AI and technology partnerships positions it well for future growth, as noted by CEO Mark Penn.

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