Horizon Also Announces Acquisition of the Revenue Enablement Institute to Accelerate Green Thread’s Ability to Drive Client Results with Specialized Offerings
Horizon Media, the largest U.S. media agency according to AdAge Data Center 2022, announced the launch of Green Thread, an independent business-to-business practice under the Horizon Media umbrella, designed to help clients achieve consistent revenue growth through modern, data-driven strategies. The new practice will focus on improving financial performance at client companies by connecting their sales and marketing approaches and activities. Chris Hummel, a two-time Fortune 500 CMO and innovative operational executive, will lead Green Thread as President to design, orchestrate and execute impactful growth strategies serving the B2B customer segment.
Latest Fintech News: FinTech Industry Veteran Joins Leading Alternative Data Firm CloudQuant
In addition, Horizon Media acquired the Revenue Enablement Institute (REI) – an advisory and research firm, tailored to the next generation of growth leaders – to accelerate Green Thread’s operational development. REI provides independent, credible research and thought leadership on the science of growth for boards, C-level officers, and other sales, marketing, and service leaders. Unique insights and an engaged community will serve as the key elements of Green Thread’s new specialized service offerings. REI will move over intact as a part of Green Thread, and REI’s Managing Director, Stephen Diorio, will continue to lead the Institute, now reporting to Hummel.
“Horizon is continuously evolving to meet the needs of our clients and of the changing media and marketing landscape, and now with Green Thread, we have a core capability that allows us to better serve a broader B2B client base with tailored offerings and capabilities,” said Bill Koenigsberg, CEO and Founder of Horizon Media. “With our previous expansions into e-commerce, analytics, content, technology, sports marketing, and experiential, among other areas, we have created an independent ecosystem that enables us to be a full marketing solutions partner with the capabilities and reach to help companies of all sizes deliver positive business outcomes Chris Hummel has been a Horizon client on three separate occasions – so I am confident that his leadership, business acumen, global cultural fluency, and the world-class talent he brings to Green Thread will accelerate our clients’ businesses.”
Latest Fintech News: Spryker to Develop New Digital B2B Buying Experience for Leading Global Pump Manufacturer
The financial link between shareholder value and growth is well established, as revenue expansion represents the single largest source of shareholder return. To align all sales, marketing, and service functional activities around growth, enterprises must take a broader view of the customer journey – the full revenue cycle – extending beyond acquisition and transaction to include consumption and use. Green Thread will offer strategic advisory, program management and practical execution services to drive more strategic business outcomes by pairing new specialized B2B services and Horizon’s existing marketing solutions.
Hummel joins Horizon and Green Thread having previously led sales, marketing, and product teams at world-class companies including Oracle, SAP, Schneider Electric, Siemens, and United Rentals. He and Diorio are the co-authors of the recently published Revenue Operations: A New Way to Align Sales & Marketing, Monetize Data, and Ignite Growth.
“Green Thread fills a gaping hole in the solution support ecosystem for most enterprises by aligning sales, marketing, and service strategy and by helping establish an operational blueprint for connecting commercial business processes, enterprise data, and other company growth assets,” said Hummel. “B2B companies often have multiple consultancies, research institutes, and agencies simultaneously tasked with solving isolated go-to-market objectives. Unfortunately, that approach often fragments growth efforts into fragmented siloes. Green Thread will help marketing and sales leaders adjust to the realities of a more data-driven, capital-intensive growth strategy by aligning all stakeholders and connecting all company commercial assets, data, and business processes.”
Among Hummel’s career highlights, he tripled United Rentals’ ecommerce revenue while overhauling the brand positioning; implemented a new demand generation model at Schneider Electric that helped grow company revenue by 13 percent; and led a complete commercial transformation of Siemens Enterprise Communications into a new brand, “Unify.”
He holds a Masters of Arts in Law & Diplomacy from The Fletcher School at Tufts University and a Bachelor of Arts in International Relations from Tufts University. He also studied at the London Business School and Durham University in England.
Latest Fintech News: Encap Investments, L.P., Independent Financial, Hilltop Residential Join Village Towers
[To share your insights with us, please write to sghosh@martechseries.com]
