In today's announcement, Statwell (NASDAQ: STGW), a challenger network built to transform marketing, announced its plans to expand worldwide, including the opening of a global hub in London and the appointment of James Townsend to serve as the company's inaugural EMEA CEO. Over 750 of the 1900 employees in the region will use Stagwell's new London office, which is scheduled to open in late January 2024 in the Blue Fin Building in South Bank, to serve as a collaborative hub.
With the opening of its new London hub and the appointment of an EMEA CEO, Stagwell enhances its global growth.
In conjunction with the announcement, Stagwell released its Q3 earnings, which revealed that its EMEA operations played a pivotal role in sustaining the company's 25% overall revenue generated overseas, with 30% of that revenue attributable to the region.. Due to the company's continued growth and a strong period of M&A activity set to take place, James Townsend, currently the global CEO of Assembly and Stagwell's Brand Performance Network, will assume the role of CEO at Stagwell EMEA on January 1, 2024.. During her tenure in this new role, Townsend will be responsible for supporting the growth of Stagwell's 16 agency brands in the region. In addition, he will continue to lead Stagwell's Brand Performance Network, a group of leading creative, media, and commerce agencies that offer connected solutions for marketers to help them succeed
In addition, he will continue to lead Stagwell's Brand Performance Network, a group of leading creative, media, and commerce agencies that offer connected solutions for marketers to help them succeed
This announcement follows Stagwell's Q3 earnings release, which showed that the company's EMEA operations played a pivotal role in sustaining the company's 25% overall international revenue, with 30% of that revenue being attributable to the EMEA region.. As Stagwell EMEA is expected to experience further growth as well as a strong period of M&A activity in the coming years, 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.. As part of the role, Townsend will be responsible for supporting the growth of Stagwell's 16 agency brands in the region. In addition, he will continue to lead Stagwell's Brand Performance Network, which is a group of leading creative, media, and commerce agencies that offer marketers a range of connected marketing solutions
In addition, he will continue to lead Stagwell's Brand Performance Network, which is a group of leading creative, media, and commerce agencies that offer marketers a range of connected marketing solutions
The company has been taking steps over the past few years to expand and grow its EMEA operation, and we are pleased to accelerate our investment in this region with James Townsend at the head of its management team. From the beginning, JT has been an invaluable network leader, overseeing the merger of ForwardPMX into Assembly and the launch and market success of our Brand Performance Network, which has more than doubled under his leadership," Mark Penn, Chairman and CEO of Stagwell said.
My return to London is an exciting opportunity after living in New York for the past five years. I am delighted to support Stagwell's EMEA expansion. We see that clients throughout the region are seeking strategic partners to help them achieve their growth and transformation goals. With collective capabilities spanning consumer research, media, data, technology, creativity, and digital transformation, Stagwell presents a modern alternative to legacy holding companies," said James Townsend.
The new London office of Stanwell will see the agency collective and the company share the same floor space, something Townsend says reflects the company's commitment to connected solutions as a whole. During this transition, James Townsend will be stepping down from his role as Director of Assembly, and Rick Acampora, who is currently Chief Operating Officer, will be taking over as Global CEO.
He has brought a focus on client-centricity to our organization and led the innovation of both our technology stack and our organizational design. It has been his role that has helped us gain new business deals like Lenovo, T. Rowe Price, Brooks Running, Estée Lauder Companies and Mandarin Oriental over the years, and he has been a key catalyst for our strong performance in recent years. As a great partner of mine, he has been an integral part of my team and I wish him and the entire team all the best as they continue to change and grow in the future," said James Townsend.
In short, Stagwell (NASDAQ: STGW) is a challenger network that aims to revolutionize marketing. By combining culture-moving creativity with cutting-edge technology, we deliver scaled creative performance for the world's most ambitious brands, harmonizing the art with the science of marketing. We are a group of 13,000+ specialists in 34+ countries led by entrepreneurs who are committed to driving effectiveness and improving business results for their clients. Visit StagwellGlobal.com to find out more.
The media contact for this story is Madeleine Maher at [email protected] 
Stagwell Inc. is the source of this information.
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