NEW YORK, June 7, 2018 /CNW/ -- (NASDAQ: MDCA) – MDC
Partners Inc. (the "Company") announced today that it has hired
Vincenzo DiMaggio as Senior Vice
President, Chief Accounting Officer. In this role, Mr. DiMaggio
will oversee the Company's accounting operations, technical
accounting policy and financial reporting activities, and serve as
MDC Partners' principal accounting officer. He will report to
David Doft, Chief Financial
Officer.
Mr. DiMaggio has over two decades of experience in leadership
positions of public and private company accounting teams within the
media sector. He most recently served as the Global Controller
& Chief Accounting Officer at Endeavor, and previously held
senior accounting roles at Viacom and The New York Times
Company.
"Vince brings significant experience and demonstrated expertise
in leading public company accounting teams at global
organizations," said Mr. Doft. "As we grow our business around the
world, he is ideally qualified to lead our accounting organization
as we continue to look to upgrade and scale our capabilities, while
at the same time, improve the efficiency of our financial reporting
across our network."
In connection with his hiring, the Company granted an inducement
award to Mr. DiMaggio. Effective June
7, 2018, the Company granted Mr. DiMaggio an award of 25,000
restricted shares of MDC Partners' Class A subordinate voting
stock, subject to vesting on the 3rd anniversary of Mr. DiMaggio's
employment commencement date or earlier upon the occurrence of
certain events. The Company granted this award as a material
inducement to Mr. DiMaggio's employment with the Company in
accordance with NASDAQ Listing Rule 5635(c)(4).
About MDC Partners Inc.
MDC Partners is one of the
fastest-growing and most influential marketing and communications
networks in the world. Its 50+ advertising, public relations,
branding, digital, social and event marketing agencies are
responsible for some of the most memorable and engaging campaigns
for the world's most respected brands. As "The Place Where Great
Talent Lives," MDC Partners is known for its unique partnership
model, empowering the most entrepreneurial and innovative talent to
drive competitive advantage and business growth for clients, and
for leading in diversity and inclusion. By leveraging technology,
data analytics, insights, and strategic consulting solutions, MDC
Partners drives measurable results and optimizes return on
marketing investment for over 1,700 clients worldwide.
For more information about MDC Partners and its partner firms,
visit www.mdc-partners.com and follow us on
Twitter: http://www.twitter.com/mdcpartners.
CONTACT:
Matt Chesler, CFA
SVP, Investor Relations and Finance
646-412-6877
mchesler@mdc-partners.com
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SOURCE MDC Partners Inc.