eCommerce Growth Expert Tom Schutz Appointed as Chief Revenue Officer of Ascential Digital Commerce

Rhea-AI Summary

Ascential plc has appointed Tom Schutz as Chief Revenue Officer for Ascential Digital Commerce, advancing from his previous role as Global Chief Revenue Officer at Edge by Ascential. As he leads sales and revenue efforts, Schutz aims to enhance eCommerce performance amid predictions that over 40% of global retail sales will transition online by 2026. His prior success at Edge includes record client growth, positioning the company as a key partner to consumer brands. Duncan Painter, CEO, expresses confidence in Schutz's ability to drive further growth.

Positive

• Tom Schutz's promotion may enhance leadership in driving revenue growth for Ascential Digital Commerce.
• The expectation of over 40% of global retail sales occurring online by 2026 suggests increased demand for eCommerce solutions.
• Schutz's proven track record at Edge by Ascential highlights his capability in client growth and market expansion.

Negative

• None.

Tom Schutz will lead sales and growth for Ascential Digital Commerce, a promotion from his previous role as Global Chief Revenue Officer at Edge by Ascential

LONDON--(BUSINESS WIRE)-- Ascential plc (LSE: ASCL.L), the specialist information, analytics and eCommerce optimization company, today announced that Edge by Ascential Global Chief Revenue Officer Tom Schutz is stepping into the role of Chief Revenue Officer for Ascential Digital Commerce. In his new role, Schutz will oversee sales and revenue for all of Digital Commerce, Ascential’s business segment focused on helping brands and digital marketplaces win by optimizing and accelerating their digital commerce performance both in the U.S. and globally.

Tom Schutz, Chief Revenue Officer for Ascential Digital Commerce (Photo: Business Wire)

“With our prediction that over 40% of global retail sales will occur online by 2026, brands globally are turning to Ascential Digital Commerce to solve all their eCommerce growth challenges and needs,” said Duncan Painter, Chief Executive Officer of Ascential. “As we continue to invest in and grow our eCommerce solutions, Tom will help to accelerate the growth of our Digital Commerce business. He’s been a huge asset for Edge by Ascential, and we look forward to bringing his expertise and proven track record to a broader Digital Commerce role.”

Most recently, Schutz was Global Chief Revenue Officer at Edge by Ascential, where he helped the company shift to a unified customer-centric, customer-first view, while also creating solutions around emerging needs and expertise that has solidified Edge by Ascential’s position in the market as an indispensable strategic partner to consumer brands. During this time at Edge by Ascential, Schutz was able to drive client growth to an all-time high.

Prior, Schutz was Senior Vice President, Sales and Marketing Strategy, North America at Experian, where he designed and executed transformational strategy to drive market expansion across all businesses. He aligned marketing and sales execution to accelerate revenue in new markets with new products and solutions, while improving sales execution productivity and efficiency. During this time, he served as a key member of the North American executive leadership team that oversaw six business units with 800-plus sales staff, generating nine figures in revenue.

“As digital commerce becomes the primary channel of consumer choice, Ascential’s Digital Commerce business sits in a unique position to accelerate brands’ growth by providing them with the eCommerce analytics and optimization technology solutions needed to succeed in the marketplace,” said Schutz. “I look forward to expanding my role and working with the Digital Commerce team to grow revenue and bring our solutions to a broader market.”

About Ascential:
Ascential delivers specialist information, analytics and eCommerce optimization platforms to the world's leading consumer brands and their ecosystems. Our world-class businesses improve performance and solve problems for our customers by delivering immediately actionable information combined with visionary, longer-term thinking across Digital Commerce, Product Design and Marketing. We also serve customers across Retail & Financial Services. With more than 2,500 employees across five continents, we combine local expertise with a global footprint for clients in over 120 countries. Ascential is listed on the London Stock Exchange.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220223006361/en/

Brent Bucci

PR for Ascential, SamsonPR

brent@samsonpr.com

Source: Ascential plc

FAQ

Who is Tom Schutz in Ascential plc?

Tom Schutz is the newly appointed Chief Revenue Officer for Ascential Digital Commerce, transitioning from his role as Global Chief Revenue Officer at Edge by Ascential.

What is the significance of Schutz's appointment for ACENY?

Schutz's leadership is expected to strengthen revenue growth and eCommerce performance for Ascential Digital Commerce, crucial for adapting to the projected shift towards online retail.

What is the forecast for online retail sales mentioned in the press release?

The press release indicates that over 40% of global retail sales are predicted to occur online by 2026.

What role did Tom Schutz play at Edge by Ascential?

At Edge by Ascential, Tom Schutz served as Global Chief Revenue Officer, driving client growth and solidifying the company's market position.