Press release from PR Newswire
MDC Partners Announces the Appointment of Andre Coste as Chief Financial Officer of the Newly Created MDC Partner Network
Tuesday, April 16, 2013
MDC Partners Announces the Appointment of Andre Coste as Chief Financial Officer of the Newly Created MDC Partner Network16:00 EDT Tuesday, April 16, 2013
Former Global CFO of Publicis Worldwide Enhances Fast-Growing Company's International Expertise, Adding to Network's Operational Excellence
NEW YORK, April 16, 2013 /PRNewswire/ -- MDC Partners announced today that it has tapped Andre Coste, former Global Chief Financial Officer of Publicis Worldwide, to take on the role of Chief Financial Officer for the MDC Partner Network. The newly created Partner Network will give structure to the agency operations within the global MDC family and the MDC corporate strategic resources that provide value-added support and specialized expertise to the Partner agencies. In this new role, Coste will be responsible for partnering with the agency executive teams to drive efficient and effective growth and optimize financial management, as well as providing guidance and expertise as MDC agencies seek to expand internationally. Coste will report to Miles Nadal, President and CEO of MDC Partners, and will work alongside David Doft, Chief Financial Officer of MDC Partners, who will continue to lead MDC Partners global finance, capital markets transactions, investor relations, and key strategic initiatives.
"MDC Partners is dedicated to empowering and fueling our agency partners to reach the highest standard of creative innovation on behalf of clients," said Nadal. "Through the MDC Partners strategic resources group, we continue to enlist world-class executives with specialized expertise to support the ambitions and needs of our partners and clients on a broader geographic basis. We have created the MDC Partner Network to deliver these high-value-added services to our Partners in the most effective and efficient manner to enhance their sustainable point of differentiation in the marketplace."
Coste brings nearly 30 years of management experience to MDC Partners, the last ten of which were spent at Publicis Group. Most recently, Coste served as a key partner to Publicis' Global CEO in the role of Global CFO, a position he held for five years. In addition to Coste's extensive operational management and strategic finance experience, Coste possesses a comprehensive international expertise in markets as varied as Brazil, China, Germany, India, Japan, the UK, and the US.
Continued Nadal, "The professional experience and incomparable expertise that Andre brings to MDC will be instrumental in ensuring that we continue to help our Partners optimize their efficiency, productivity and effectiveness ? both for the work they deliver on behalf of marketers and for their own businesses ? particularly as we grow and expand globally."
"I have had the great privilege of working as part of many truly exceptional organizations in different industries around the world," said Coste. "But this is exactly the type of entrepreneurial opportunity that will harness my expertise and allow me to support the growth of MDC agencies while assisting an ambitious organization as it expands internationally. MDC Partners' combination of culture, DNA and entrepreneurial spirit is unique in our industry, and I'm thrilled to be joining the family at this exciting stage in the company's growth."
Coste will be relocating from Paris to New York with his family this month to be based in New York at the MDC Partners headquarters and Innovation Centre, working in tandem with the MDC Partners Managing Directors and senior executive team.
About MDC Partners Inc.
MDC Partners is one of the world's largest Business Transformation Organizations that utilizes technology, marketing communications, data analytics, insights and strategic consulting solutions to drive meaningful returns on Marketing and Communications Investments for multinational clients in the United States, Canada, and worldwide.
MDC Partners' durable competitive advantage is to Empower the Most Talented Entrepreneurial Thought Leaders to Drive Business Success to new levels of Achievement, for both our Clients and our Shareholders, reinforcing MDC Partners' reputation as "The Place Where Great Talent Lives."
MDC Partners' Class A shares are publicly traded on NASDAQ under the symbol "MDCA" and on the Toronto Stock Exchange under the symbol "MDZ.A".
SVP, Corporate Communications
SOURCE MDC Partners