Media executive Craig Stimmel is leaving
Procter & Gamble to join Snap Inc. as head of brand partnerships.
Stimmel, who will be based in Chicago, will focus on increasing Snap’s ad revenue from Fortune 500 brands, according
to Business Insider, which broke the story.
Stimmel, who starts with Snap next
week, served in several roles at P&G over a total of more than eight years.
Most recently, he headed up digital media strategy, programmatic, search, e-comm, partnerships and investment
management for North American and global digital business partnerships for all P&G brands, for a year and five months, according to his LinkedIn page.
Previously, he spent a year as
head of media partnerships for Woven Collaborative, a cross-agency media buying and planning initiative initiated by P&G’s longtime chief brand officer, Marc Pritchard, to better integrate
media and creative. He also led media investment and partnerships for North American marketing for two years.
Pritchard’s restructuring plan slashed the number of agencies P&G works
with. Stimmel helped implement P&G’s push to increase internal media buying and gather consumer data through its owned platforms (more than a billion consumer profiles to date worldwide),
according to BI.
The combined efforts have cut media waste by 20%, which will save some $1 billion in agency and production fees for P&G over five years. (See MediaPost’s
P&G Media Client of the Year profile for more.)
Snap, which is pumping up
its efforts to compete for big-brand advertising with the other giant tech platforms, hired its first chief marketing officer just three months ago: Kenny Mitchell, who had been vice president of
brand content and engagement for McDonald’s USA.
Correction:The article originally incorrectly stated that Stimmel was in his most recent role at P&G for eight
years. He was actually with P&G for a total of eight years, in several different roles.