MDC Names President, Narrows 3Q Loss

LOS ANGELES MDC Partners has named Steven Berns president and chief financial officer, according to the Toronto-based holding company.

Berns assumes those duties from MDC chairman and chief executive officer Miles Nadal, the company said. (Nadal continues as MDC chairman and CEO.)

MDC today also reported its latest financial results, and said it lost nearly $1.7 million on third-quarter revenue of $120 million, compared to a loss of almost $3 million on revenue of $82 million in the same quarter a year ago.

Berns, who joined MDC as vice chairman and executive vice president in August 2004, will continue to oversee the corporation’s operating businesses as well as work closely with its financial management and corporate development teams. Nadal will focus on strategy, partner development and mergers and acquisition activity, the company said.

“Steven’s leadership and dedication to the company over the last 12 months has been outstanding. His knowledge of the industry and experience and success in working with our management team is reflected in this promotion,” Nadal said in a statement.

Prior to joining MDC, Berns was svp and treasurer at Interpublic Group, New York. He also has held executive-level positions at Revlon, Paramount Communications and Deloitte & Touche.

MDC agencies include Crispin Porter + Bogusky in Miami and Kirshenbaum Bond + Partners in New York.