MDC Partners Inc (NASDAQ:MDCA) is trading weak in Tuesday’s trading session.
Market Action
As of 12:33, MDCA stock moved lower by 4.70% at $4.87. The stock has traded 101K shares, compared to its average volume of 213K shares.
MDCA Released News
MDC Partners (MDCA) Agency Forsman & Bodenfors Hires Toby Southgate as Global CEO
- announced today that it has hired McCann Worldgroup’s Chief Growth Officer Toby Southgate as Global CEO to work in partnership with Global Executive Chairman and Copywriter Anna Qvennerstedt to lead the world-class creative collective.
- “Over the years, Forsman & Bodenfors has shown that world-class creativity thrives in a highly collaborative environment,” said Qvennerstedt. “Toby’s background and drive matches both our values and our global ambition to deliver creatively and strategically excellent work. I’m excited he agreed to join our team as Global CEO.”
- Over the course of his career, Southgate has worked extensively across North America, Europe, the Middle East and Asia. In addition to his most recent role as Global Chief Growth Officer at McCann WorldGroup, he also served as the company’s Regional Director and Chief Client Officer across Europe & UK, and was closely involved in many of Worldgroup’s most significant organic growth and new business activities with clients including eBay, L’Oréal, The Coca-Cola Company, RB, Nestlé and Just Eat Takeaway.
- Before joining Worldgroup, Toby spent 10 years at WPP’s brand consulting unit, Brand Union, ultimately becoming WPP’s youngest network CEO while leading Brand Union to its first major successes at Cannes and the Effies. Working across the group, Toby helped construct and launch integrated teams for clients including Vodafone, Dell, DuPont, Bank of America, Shell, GSK and IAG.
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