New Owners for an Agency That Markets for a Cause

New Owners for an Agency That Markets for a Cause – NYTimes.com.

ONE of the first agencies devoted to handling communications efforts for causes, nonprofit organizations, charities, foundations and activists seeking social change — a specialty that is now thriving — is being sold by its founder and longtime leader, David Fenton, to investors who are forming a holding group for agencies of that kind.

The agency, named Fenton, is getting new leadership along with its new ownership; the changes are to be announced on Wednesday. Mr. Fenton, who was chief executive, is taking a different role, as chairman, and he plans to devote more time to working on efforts to counter global climate change. To succeed Mr. Fenton as chief executive, the agency is hiring Bill Werde, who was most recently editorial director of the music trade publication Billboard.

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