Stagwell Inc. have appointed Nick Fox as Stagwell's new head of the company's recently launched Risk and Reputation Unit. Fox assumes his new role after a 14-year tenure at The Virgin Group, where he served as the company's director of external relations, and, later, chief communications officer—overseeing the growth and protection of Virgin's brand around the world. In addition to advising CEOs across Virgin's partnerships in mobile, travel, health, space, and other sectors, Fox also managed the rollout of Virgin Galactic's initial public offering in 2019 and that of Virgin Orbit in 2021.

Following his departure from Virgin in December 2021, Fox has continued to provide strategic communications counsel for a range of clientele, with a primary focus on brand building, risk management and corporate reputation. As head of the Risk and Reputation Unit, Nick will advise clients on how to manage some of the most complex business issues facing companies now, from increasing geopolitical tensions to financial system pressure to political and social polarization. Fox began his new position in February, splitting his time between New York City and Washington, D.C.