Strategic Expansion of its Demand-Side Business
Finanz und Wirtschaft EQS-News: Verve Group SE / Schlagwort(e): Sonstiges
Verve Appoints Alex Stil as Chief Commercial Officer to Lead the Strategic
Expansion of its Demand-Side Business
03.07.2024 / 15:35 CET/CEST
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.
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Verve Group SE ("Verve" or the "Company", ISIN: SE0018538068; ticker: VER /
M8G) is pleased to announce the appointment of Alex Stil as its new Chief
Commercial Officer who will lead the expansion of the demand side business.
Alex brings extensive experience in digital media, brand management and agency
ecosystems, positioning him as a pivotal addition to Verve's leadership team.
Alex's career spans as a serial digital entrepreneur and a results-driven
business leader, with notable achievements in digital media and ad technology.
At GroupM, as President of GroupM Services EMEA, he managed 2,500+ people and
led digital activation across 40 markets for brands such as Unilever, Nike,
Google, Ford and Vodafone, achieving amongst others significant 40%+ growth in
billings in a challenging Covid19 period.
His leadership in transforming large-scale organizations and fostering
enterprise-scale services will be instrumental in advancing Verve's demand-side
business, particularly following the recent acquisition of Jun Group, which
significantly expanded Verve's demand-side capabilities.
Alex's responsibilities include streamlining Verve's product portfolio by
managing the company's DSP, unique supply and data, curated deals, cookie less
solutions, and creative services. In line with our mission ‘let’s make media
better’ Alex will focus on delivering clear and consistent solutions tailored
specifically for agencies and brands, thereby enabling better advertising
outcomes.
Next to product enhancement, Alex will also prioritize enhancing client
experiences to foster long-term loyalty and maximize client satisfaction. This
involves refining onboarding processes, improving customer support, and
implementing proactive engagement strategies.
Furthermore, Alex will spearhead initiatives to expand Verve's market presence,
including identifying new markets, nurturing high-value prospects, and boosting
brand visibility through targeted campaigns and active industry engagement.
The Verve management team now consists of Remco Westermann (Chief Executive
Officer), Paul Echt (Chief Financial Officer), Jens Knauber (Chief Operating
Officer), Sameer Sondhi (Chief Revenue Officer and Chief Executive Officer
Ad-Tech) and Alex Stil (Chief Commercial Officer).
Alex Stil, CCO, Verve
"Joining Verve represents an exciting opportunity to contribute to a company
dedicated to enable better outcomes for its clients through responsible
advertising solutions in emerging channels. With a deep background in media
agencies and extensive international experience, including collaborations with
leading brands, I am eager to leverage my expertise to elevate Verve's ability
to meet and exceed client expectations. I look forward to joining this strong
and dedicated team to drive meaningful change in the media landscape by
delivering tailored solutions that truly resonate with our clients' needs"
Remco Westermann, CEO, Verve
"In the past few years, we have built a leading digital advertising platform
that combines reach, supply quality and AI driven highly efficient targeting
technology. While we have an especially strong position in emerging channels on
the supply and publisher side, we also announced our plans to leverage this
foundation and grow our direct business with brands and agencies. We are aiming
to drive better outcomes for advertisers and publishers by reducing the gap
between advertisers and publishers and increasing efficiency for both. Since
the beginning of the year, we have further strengthened our sales team,
launched our unified Verve brand with refined positioning, and most recently
acquired Jun Group, increasing our share of demand-side business to 30%. Alex
has advised us as an external expert throughout this process, and I'm excited
that he'll now be leading the way as CCO of Verve Group. With his experience
and proven expertise in this area, I am confident that we will continue to
excel and drive further growth for Verve Group.
Responsible parties
The information in this release has been made public through the agency of the
responsible persons set out below for publication at the time stated by Verve’s
news distributor EQS Newswire at the publication of this release. The
responsible persons below may be contacted for further information.
For further information, please contact:
Sören Barz
Head of Investor Relations
+49 170 376 9571
[email protected]
www.investors.verve.com
About Verve
Verve ("Verve" or the "Company", ISIN: SE0018538068; ticker: VER / M8G) is a
fast-growing, profitable digital media company that provides AI-driven
ad-software solutions. Verve matches global advertiser demand with publisher
ad-supply, enhancing results through first-party data from its own content.
Aligned with our mission, "Let’s make media better," the company focuses on
enabling better outcomes for brands, agencies, and publishers with responsible
advertising solutions, with an emphasis on emerging media channels. Verve’s
main operational presence is in North America and Europe, and it is registered
as a Societas Europaea in Sweden (registration number 517100-0143). Its shares
are listed on the Nasdaq First North Premier Growth Market in Stockholm and the
Scale segment of the Frankfurt Stock Exchange. The company has three secured
bonds listed on Nasdaq Stockholm and the Frankfurt Stock Exchange Open Market.
Verve's certified advisor on the Nasdaq First North Premier Growth Market is
FNCA Sweden AB; contact info: [email protected].
Forward-looking statements
This release contains forward-looking statements that reflect the Company's
intentions, beliefs, or current expectations about and targets for the
Company's and the group's future results of operations, financial condition,
liquidity, performance, prospects, anticipated growth, strategies and
opportunities and the markets in which the Company and the group operates.
Forward-looking statements are statements that are not historical facts and may
be identified by words such as "believe", "expect", "anticipate", "intend",
"may", "plan", "estimate", "will", "should", "could", "aim" or "might", or, in
each case, their negative, or similar expressions. The forward-looking
statements in this release, including the pro-forma financial figures addressed
therein, are based upon various assumptions, many of which are based, in turn,
upon further assumptions. Although the Company believes that the expectations
reflected in these forward-looking statements and pro-forma financial numbers
are reasonable it can give no assurances that they will materialize or prove to
be correct. Because these statements are based on assumptions or estimates and
are subject to risks and uncertainties, the actual results or outcome could
differ materially from those set out in the forward-looking statements as a
result of many factors. Such risks, uncertainties, contingencies and other
important factors could cause actual events to differ materially from the
expectations expressed or implied in this release by such forward-looking
statements. The Company does not guarantee that the assumptions underlying the
forward-looking statements in this release (including the pro-forma financial
figures) are free from errors and readers of this release should not place
undue reliance on the forward-looking statements in this release. The
information, opinions and forward-looking statements that are expressly or
implicitly contained herein speak only as of its date and are subject to change
without notice. Neither the Company nor anyone else undertake to review,
update, confirm or to release publicly any revisions to any forward-looking
statements to reflect events that occur or circumstances that arise in relation
to the content of this release, unless it is so required by law or applicable
stock exchange rules.
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03.07.2024 CET/CEST Veröffentlichung einer Corporate News/Finanznachricht,
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Sprache: Deutsch
Unternehmen: Verve Group SE
c/o Match2One AB, Stureplan 6
114 35 Stockholm
Schweden
Telefon: +491703769571
E-Mail: [email protected]
Internet: www.mgi-se.com
ISIN: SE0018538068
WKN: A3D3A1
Börsen: Freiverkehr in Düsseldorf, Frankfurt (Scale), Tradegate Exchange;
FNSE
EQS News ID: 1939177
Ende der Mitteilung EQS News-Service
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1939177 03.07.2024 CET/CEST