STAGWELL (STGW) LAUNCHES IN ITALY WITH APPOINTMENT OF DIEGO RICCHIUTI AS LOCAL CEO

Company Expansion and Leadership - Stagwell announces the launch of Stagwell Italy and appoints Diego Ricchiuti as the inaugural CEO of Italy, effective immediately [1] - Diego Ricchiuti brings over 30 years of advertising industry experience, having previously served as CEO of MullenLowe Italia and worked with high-profile brands such as Allianz, McDonald's, and Unilever [2] - The opening of Stagwell Italy follows a year of significant expansion in Europe, including the establishment of a European headquarters in London and three acquisitions: UNICEPTA (Germany), Sidekick (UK), and WHAT'S NEXT PARTNERS (France) [3] Strategic Growth and Market Focus - Stagwell Italy aims to bring the company's challenger mindset and unique capabilities to the Italian market, supporting strategic growth in Europe [4] - James Townsend, CEO of Stagwell EMEA, emphasizes the importance of Diego Ricchiuti's experience with enterprise brands for a strong start in Italy, a key market for the company [5] - Diego Ricchiuti highlights Stagwell's collective capabilities in consumer research, media, data, technology, and digital transformation as innovative and modern, positioning the company as a leader in the industry [5] Company Overview - Stagwell is a challenger holding company focused on transforming marketing by combining creativity with technology to drive effectiveness and improve business results for clients [6] - The company operates in over 35 countries, with a unified purpose of delivering scaled creative performance for ambitious brands [6]