MAM
Microsoft’s Mark Penn forms ad-marketing investment firm, raises $250 million
MUMBAI: In a top level shake-up at Bill Gates’ Microsoft, the company’s executive vice president Mark Penn has quit to form an investment advisory company called The Stagwell Group LLC, which will invest in advertising, research, data analytics, public relations, and digital marketing services.
The Stagwell Group has closed on $250 million in investment capital and may use leverage to make up to $750 million in acquisitions.
Erstwhile Microsoft CEO and current owner of professional American basketball team Los Angeles Clippers Steve Ballmer is a core investor in the company.
“I believe in the ability to invest, grow and even shake up firms in the marketing industries,” Ballmer said.
“With Steve’s support and my experience in politics, marketing and technology, I will seek out investments in the exploding digital marketing arena. From finding soccer moms to uncovering Microtrends. I have always believed that data and creativity have to go together and that creative talent needs to be nurtured. We will be looking for investments that understand those principles,” Penn said.
“I think now is the time to bring together new kinds of marketing companies into a more dynamic environment – one where entrepreneurs can really thrive,” Penn added.
Penn has been in research, advertising, public relations, polling and consulting for nearly 40 years. For the past three years, he has served in senior executive positions at Microsoft, where as an executive vice president he has been responsible for working on core strategic issues across Microsoft’s products, value propositions, and investments and leading the company’s competitive research and analysis. He will be transitioning from Microsoft to The Stagwell Group by September.
Penn’s experience in growing, building and managing agencies is well-documented. As the co-founder and CEO of Penn Schoen Berland, a market research firm that he built and sold to WPP, he demonstrated value creation in a crowded industry serving clients with innovative techniques from being first with overnight polling to unique ad testing methods used by presidents and major corporations. At WPP, he also became CEO of Burson Marsteller, and managed the two companies to record profit growth during that period.
Penn is also known as the creator behind well-known campaigns and ads, including the 3 am ad, Tony Blair’s “forward not back” campaign and led the team on Microsoft’s hugely successful 2014 Super Bowl ad when he headed advertising there. He has been a senior adviser to global corporate and political leaders including Bill Gates and Steve Ballmer, Bill Ford, U.K. Prime Minister Tony Blair, Israeli Prime Minister Menachem Begin, Senator Hillary Rodham Clinton and President Bill Clinton. He has worked globally in over 25 countries for their leaders. Penn is the author of Microtrends: the Small Forces Behind Tomorrow’s Big Changes (2009).
The firm is not currently accepting new investors.
MAM
Infectious Advertising promotes Siddhartha Singh to CEO and managing partner
Leadership reshuffle sees Nisha Singhania shift focus to strategy and growth
MUMBAI: Infectious Advertising has elevated Siddhartha Singh to chief executive officer and managing partner, marking a key leadership transition at the independent agency.
Singh, who previously served as chief operating officer, has been credited with strengthening the agency’s operational framework and deepening client relationships during a phase of sustained growth. His elevation signals a continued push towards integrating strategy and creativity while scaling the business.
As part of the reshuffle, Nisha Singhania, co-founder and managing partner, will step away from day-to-day executive responsibilities to focus on strategic initiatives and the agency’s next growth phase.
Infectious Advertising co-founders and managing partners Nisha Singhania and Ramanuj Shastry said, “Siddhartha understands both the ambition and the soul of this agency. This elevation reflects the trust he has earned over the years.”
Infectious Advertising chief executive officer Siddhartha Singh said, “Infectious has always been about creating work that people care about. I’m humbled by the trust and excited to lead the agency at a time when there is a significant opportunity to create real impact.”
In his new role, Singh will work closely with the founders to steer the agency’s next phase, with a focus on deeper strategic integration, long-term client partnerships, and continued investment in talent and culture.
The transition underscores the agency’s emphasis on internal leadership development as it looks to build a future-ready organisation anchored in its core values.
