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Stagwell (STGW) Chairman and CEO Mark Penn Releases Statement on Roe v. Wade

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Stagwell Chairman and CEO Mark Penn issued a statement on June 24, 2022, regarding the Supreme Court's decision to overturn Roe v. Wade. He emphasized the company's commitment to supporting employees during this transition by enhancing healthcare access. Stagwell plans to expand its network travel benefits, ensuring employees in states with new abortion restrictions can access approved reproductive healthcare providers. This initiative aims to prioritize employee well-being and align with the company's values of providing excellent health care regardless of location.

Positive
  • Expansion of travel benefits for employees to access reproductive healthcare.
  • Commitment to employee well-being during legislative changes.
Negative
  • None.

NEW YORK, June 24, 2022 /PRNewswire/ -- Stagwell Chairman and CEO Mark Penn released a statement today in response to the Supreme Court's decision to overturn Roe v. Wade.

"We are singularly focused on supporting our people through this transition. While we cannot predict how abortion access will evolve in the coming months, or even years, Stagwell believes employees should have access to excellent health care, regardless of their location. We are taking immediate steps that will expand our network travel benefits to give employees access to the nearest approved reproductive healthcare provider in a legally permissible way," said Penn. "We hope this travel benefit will provide employees located in states that have implemented new restrictions on reproductive rights with access to care."

About Stagwell

Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world's most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 12,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.

Contact

Beth Sidhu
beth.sidhu@stagwellglobal.com
202-423-4414 

Stagwell is the challenger network built to transform marketing. (PRNewsfoto/Stagwell Inc.)

 

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SOURCE Stagwell Inc.

FAQ

What is Stagwell's response to the Supreme Court ruling on Roe v. Wade?

Stagwell plans to expand travel benefits to ensure employees have access to reproductive healthcare in states with new restrictions.

How is Stagwell supporting employees after the Roe v. Wade decision?

Stagwell is enhancing healthcare access by providing travel benefits for employees to reach approved reproductive healthcare providers.

When did Stagwell announce their support for reproductive healthcare access?

Stagwell announced their support on June 24, 2022, following the Supreme Court's decision to overturn Roe v. Wade.

What benefits will Stagwell employees receive regarding reproductive healthcare?

Employees will receive expanded travel benefits to access reproductive healthcare providers in legally permissible ways.

What is the stock symbol for Stagwell?

The stock symbol for Stagwell is STGW.

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