Verve Group SE (Nordic) / SE0018538068

Verve Appoints Alex Stil as Chief Commercial Officer to Lead the Strategic Expansion of its Demand-Side Business

Verve Group SE ("Verve" or the "Company", ISIN: SE0018538068; ticker: VER / M8G) is pleased to announce the appointment of Alex Stil as its new Chief Commercial Officer who will lead the expansion of the demand side business. Alex brings extensive experience in digital media, brand management and agency ecosystems, positioning him as a pivotal addition to Verve's leadership team. Alex's career spans as a serial digital entrepreneur and a results-driven business leader, with notable achievements in digital media and ad technology. At GroupM, as President of GroupM Services EMEA, he managed 2,500+ people and led digital activation across 40 markets for brands such as Unilever, Nike, Google, Ford and Vodafone, achieving amongst others significant 40%+ growth in billings in a challenging Covid19 period. His leadership in transforming large-scale organizations and fostering enterprise-scale services will be instrumental in advancing Verve's demand-side business, particularly following the recent acquisition of Jun Group, which significantly expanded Verve's demand-side capabilities. Alex's responsibilities include streamlining Verve's product portfolio by managing the company's DSP, unique supply and data, curated deals, cookie less solutions, and creative services. In line with our mission ‘let’s make media better’ Alex will focus on delivering clear and consistent solutions tailored specifically for agencies and brands, thereby enabling better advertising outcomes. Next to product enhancement, Alex will also prioritize enhancing client experiences to foster long-term loyalty and maximize client satisfaction. This involves refining onboarding processes, improving customer support, and implementing proactive engagement strategies. Furthermore, Alex will spearhead initiatives to expand Verve's market presence, including identifying new markets, nurturing high-value prospects, and boosting brand visibility through targeted campaigns and active industry engagement. The Verve management team now consists of Remco Westermann (Chief Executive Officer), Paul Echt (Chief Financial Officer), Jens Knauber (Chief Operating Officer), Sameer Sondhi (Chief Revenue Officer and Chief Executive Officer Ad-Tech) and Alex Stil (Chief Commercial Officer). Alex Stil, CCO, Verve “Joining Verve represents an exciting opportunity to contribute to a company dedicated to enable better outcomes for its clients through responsible advertising solutions in emerging channels. With a deep background in media agencies and extensive international experience, including collaborations with leading brands, I am eager to leverage my expertise to elevate Verve's ability to meet and exceed client expectations. I look forward to joining this strong and dedicated team to drive meaningful change in the media landscape by delivering tailored solutions that truly resonate with our clients' needs” Remco Westermann, CEO, Verve “In the past few years, we have built a leading digital advertising platform that combines reach, supply quality and AI driven highly efficient targeting technology. While we have an especially strong position in emerging channels on the supply and publisher side, we also announced our plans to leverage this foundation and grow our direct business with brands and agencies. We are aiming to drive better outcomes for advertisers and publishers by reducing the gap between advertisers and publishers and increasing efficiency for both. Since the beginning of the year, we have further strengthened our sales team, launched our unified Verve brand with refined positioning, and most recently acquired Jun Group, increasing our share of demand-side business to 30%. Alex has advised us as an external expert throughout this process, and I'm excited that he'll now be leading the way as CCO of Verve Group. With his experience and proven expertise in this area, I am confident that we will continue to excel and drive further growth for Verve Group. Responsible parties The information in this release has been made public through the agency of the responsible persons set out below for publication at the time stated by Verve’s news distributor EQS Newswire at the publication of this release. The responsible persons below may be contacted for further information. For further information, please contact: Sören Barz
Head of Investor Relations
[phone]
[e-mail]
www.investors.verve.com About Verve Verve ("Verve" or the "Company", ISIN: SE0018538068; ticker: VER / M8G) is a fast-growing, profitable digital media company that provides AI-driven ad-software solutions. Verve matches global advertiser demand with publisher ad-supply, enhancing results through first-party data from its own content. Aligned with our mission, “Let’s make media better,” the company focuses on enabling better outcomes for brands, agencies, and publishers with responsible advertising solutions, with an emphasis on emerging media channels. Verve’s main operational presence is in North America and Europe, and it is registered as a Societas Europaea in Sweden (registration number 517100-0143). Its shares are listed on the Nasdaq First North Premier Growth Market in Stockholm and the Scale segment of the Frankfurt Stock Exchange. The company has three secured bonds listed on Nasdaq Stockholm and the Frankfurt Stock Exchange Open Market. Verve's certified advisor on the Nasdaq First North Premier Growth Market is FNCA Sweden AB; contact info: [e-mail]. Forward-looking statements This release contains forward-looking statements that reflect the Company's intentions, beliefs, or current expectations about and targets for the Company's and the group's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company and the group operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or "might", or, in each case, their negative, or similar expressions. The forward-looking statements in this release, including the pro-forma financial figures addressed therein, are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements and pro-forma financial numbers are reasonable it can give no assurances that they will materialize or prove to be correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this release (including the pro-forma financial figures) are free from errors and readers of this release should not place undue reliance on the forward-looking statements in this release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of its date and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this release, unless it is so required by law or applicable stock exchange rules.

1939173  03.07.2024 CET/CEST