Märkte & Kurse

Verve Appoints Alex Stil as Chief Commercial Officer to Lead the Strategic Expansion of its Demand-Side Business

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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
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.


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03.07.2024 CET/CEST Veröffentlichung einer Corporate News/Finanznachricht,
übermittelt durch EQS News - ein Service der EQS Group AG.
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

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   Sprache:        Deutsch
   Unternehmen:    Verve Group SE
                   c/o Match2One AB, Stureplan 6
                   114 35 Stockholm
                   Schweden
   Telefon:        +491703769571
   E-Mail:         info@mgi-se.com
   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

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