Outfront Media names Nicolas Brien CEO, elects two new board members

Outfront Media Inc. (NYSE:OUT), a $3.16 billion market cap outdoor advertising company currently trading near its 52-week high of $19.98, announced Thursday that its board of directors has appointed Nicolas Brien as chief executive officer, effective immediately. Brien, 63, has been serving as interim CEO since February and has been a member of the board since 2014. He will continue to serve on the board.

According to a statement based on a Securities and Exchange Commission filing, Brien’s employment agreement provides for an annual base salary of $1,000,000 and eligibility for an annual cash bonus targeted at 100% of his base salary, subject to proration for 2025. Brien will also be eligible for annual long-term equity incentive grants valued at $5,000,000 beginning in 2026. As part of his appointment, he will receive a one-time performance-based restricted share unit award valued at $2,000,000, tied to the company’s stock price performance over a three-year period, and a separate restricted share unit award valued at $1,000,000, subject to vesting conditions.

The employment agreement includes provisions for severance payments and benefits in the event of termination without cause or resignation for good reason, as well as restrictive covenants and indemnification terms.

Brien’s previous experience includes CEO roles at Enthusiast Gaming Holdings Inc., Amobee, Inc., Dentsu Aegis Network Ltd., iCrossing, McCann Worldgroup, IPG Mediabrands, and Universal McCann.

The company also announced the election of Michael Barrett and Nicolle Pangis to its board, effective Thursday. For investors seeking deeper insights into Outfront Media’s financial health and growth prospects, InvestingPro offers comprehensive analysis with 8 additional ProTips and detailed metrics in its Pro Research Report, part of its coverage of over 1,400 US equities. Both will serve until the 2026 annual meeting of stockholders or until earlier resignation or removal. Pangis will join the board’s compensation committee, and Barrett will join the nominating and governance committee.

Barrett and Pangis will receive an annual cash retainer of $82,500 for board service, an additional $10,000 for committee service, and an annual equity grant in the form of restricted share units valued at $145,000, subject to proration. Both will enter into standard indemnification agreements with the company. According to InvestingPro analysis, while the company shows strong recent performance with the stock up 25.72% over the past year, investors should note that short-term obligations currently exceed liquid assets.

Outfront Media is a real estate investment trust listed on the New York Stock Exchange. The information in this article is based on a press release statement and related SEC filing.

In other recent news, Outfront Media Inc. reported its second-quarter 2025 earnings, revealing a notable miss in earnings per share (EPS) compared to analysts’ forecasts. The company’s EPS was reported at $0.10, significantly below the expected $0.22, representing a surprise of -54.55%. Despite this earnings shortfall, the company’s revenue slightly exceeded expectations, coming in at $460.2 million against a forecast of $458.61 million. These recent developments indicate a mixed performance for the quarter. The market’s reaction was complex, as the company’s stock rose by 1.89% to close at $17.95. This suggests that investors might be considering other aspects of the company’s overall performance. Analyst insights or upgrades and downgrades were not mentioned in the recent updates. The focus remains on the company’s financial results and market reactions.

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