NEW YORK, N.Y., Jan. 4, 2016 – UM, a division of IPG Mediabrands, has appointed Jon Stimmel its new Chief Investment Officer. Effectively immediately, Stimmel will oversee the agency’s winning, client-centric approach to media investment as well as lead all of UM’s investment units, buying models and strategic partnerships across the agency’s diverse portfolio of clients.
A three-year UM veteran, Stimmel’s rise through both the UM and IPG Mediabrands ranks has been meteoric. He first joined UM in late 2012. As EVP, Managing Partner, Integrated Investment, he was charged with the oversight of the national media spending for clients such as Fiat Chrysler Automobiles, Charles Schwab, Nationwide and Sony. He also served as UM’s agency lead representative within IPG Mediabrands’ MAGNA GLOBAL investment councils for Video, Print, Programmatic and Automation initiatives.
“Jon’s appointment to Chief Investment Officer is the natural progression of an already stellar career,” said Kasha Cacy, UM’s United States President. “He is the perfect person to lead UM forward, through greater innovation and deeper collaboration across the IPG and Mediabrands networks as well as with our many valued media partners.”
Prior to joining UM, Stimmel spent four years at the Starcom MediaVest Group and as Director of Investment at Unilever in both the U.S and Canada. He has served on various committees such as the Association of National Advertisers, the Alliance for Family Entertainment and a number of advisory boards of emerging media companies. This latest appointment falls on the heels of the previous announcement of colleague David Cohen, former UM Chief Investment Officer, to the newly created role of President, U.S., MAGNA Global, the network’s central media buying and forecasting group.
“I look forward to the opportunities and responsibilities of my new role,” said Stimmel. “UM employs some of the most talented individuals in the business. I am honored to be at the helm of such an impressive team and am eager to look for new, creative and innovative ways to best optimize our clients’ media investments.”
Senior Manager, Global Communications