 |
| Richard Edelman |
Edelman posted a 4.9 percent drop in 2024 revenues to $986M due to lackluster performances in the US (-7.9 percent) and APAC (-11.5 percent) sectors.
Richard Edelman’s firm posted declines in technology (-6.2 percent), food & beverage (4.4 percent), and healthcare (-3.7 percent).
He expects a rebound based on a robust new business momentum.
The No. 1 firm’s biggest 100 clients combined for a 6.7 percent spending hike during the year, while global clients increased their outlays by 2.8 percent.
On the new business front: Edelman added Reynolds Consumer Products, America250, and COP30 in the US; GSK in Canada; Netflix and Spotify in Latin America; King Salman Park and Signify (UK) in the EMEA; and International Solar Alliance and Mongolia in the APAC.
The firm welcomed Aaron Guiterman back to the firm after he spent nearly a year at Burson as EVP & Washington lead. He is US head of public & government affairs.
Emma Peacock, a 14-year veteran at Pfizer, took on the head of health policy post in the PA & government unit; Google/Microsoft alum Luis Montero signed on as head of technology policy; and former South Carolina governor and UN ambassador Nikki Haley assumed the vice chair position.
Public Policy Holding Company grew 27.5 percent to $50.1M during Q1, powered by the accelerating contribution from recent acquisitions and a 5.1 percent hike in organic revenues across its three operating segments.
Institutional Shareholder Services advises investors to vote "no" on a compensation package for WPP chief Cindy Rose at the May 8 annual meeting.
FTI Consulting chalked up a 9.5 percent rise in Q1 revenues to $983.3M, powered by gains in its PR, corporate finance and technology segments.
Stagwell reports 4 percent growth in Q1 net revenues to $585M and a record $141M in net new business wins.
WPP reported a 6.7 percent drop to $3.1B in Q1 like-like revenues less pass-through costs. CEO Cindy Rose says 'it will take time to outpace historical losses."
