Verve Appoints Alex Stil as Chief Commercial Officer to Lead the Strategic
Expansion of its Demand-Side Business
Verve Appoints Alex Stil as Chief Commercial Officer to Lead the
Strategic Expansion of its Demand-Side Business
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
soeren.barz@verve.com
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: info@fnca.se.
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.
1939173 03.07.2024 CET/CEST