Paul Palmieri (entrepreneur)

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Paul Palmieri
Paul Palmieri CEO.png
Born (1970-08-25) August 25, 1970 (age 54)
New Britain, Connecticut
Alma mater Mount St. Mary's University
Occupation(s)Venture advisor, New Enterprise Associates

Paul Palmieri (born August 25, 1970) is an American entrepreneur and business leader in the mobile telecommunications and digital advertising industries. He was the chairman and chief executive officer of Millennial Media (NYSE:MM), a company he co-founded in 2006 with Chris Brandenburg, until his resignation in January 2014. He is currently a Venture Advisor with New Enterprise Associates.

Contents

Early life and edutation

Palmieri was born in New Britain, Connecticut.[ citation needed ] He grew up in the Oakhurst section of Ocean Township, Monmouth County, New Jersey, and attended Red Bank Catholic High School, where he performed in school plays. [1] He then went to Mount St. Mary's University where he graduated with a B.A. in political science.[ citation needed ]

Career

Following his graduation, Palmieri spent 15 years working as a business development and telecom executive at companies including Sprint and Verizon Wireless. At Verizon, Palmieri ran data efforts and helped grow data revenue from $35MM a year into a multiple billion dollar business. Palmieri devoted much of his time to helping establish the foundations of the mobile content ecosystem and the app economy.[ citation needed ]

Palmieri co-founded Millennial Media in May 2006, and in his position as president and CEO, led the company's growth into an independent mobile advertising platform.[ citation needed ]

In March 2012, Millennial Media became a publicly traded company and its common stock is now listed on the NYSE under the ticker symbol MM. [2]

Palmieri is the global vice chairman of the Mobile Marketing Association [3] and a member of the board of directors at the Interactive Advertising Bureau (IAB). [4]

On January 27, 2014, Palmieri stepped down from his position as CEO at Millennial Media to take on a role as Venture Advisor at New Enterprise Associates. [5] He was succeeded by Michael Barrett, a former Yahoo! Chief Revenue Officer.

Awards

In 2010 Palmieri was named Ernst and Young Entrepreneur of the Year in Maryland. [6]

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References

  1. ↑ Duscha, Sally. "Paul Palmieri finds a place on center stage", Asbury Park Press , June 22, 1988. Accessed December 4, 2024. "Paul J. Palmieri has found his place on center stage, singing. 'I was a class clown, but then the competition was so great, I dropped out,' said the 17-year-old resident of Oakhurst, Ocean Township.... He started singing on a whim when some of his friends suggested he try out for a school play, Of Thee I Sing, at Red Bank Catholic High School three years ago."
  2. ↑ https://techcrunch.com/2012/03/28/mobile-ad-network-millennial-media-prices-ipo-at-13-per-share/ TechCrunch - Mobile Ad Network Millennial Media Prices IPO At $13 Per Share, March 28th, 2012.
  3. ↑ http://www.mmaglobal.com/news/mma-elects-new-global-board-executive-committee Mobile Marketing Association - MMA ELECTS NEW GLOBAL BOARD EXECUTIVE COMMITTEE, May 10, 2011.
  4. ↑ http://www.iab.net/about_the_iab/iab_board IAB Board Members.
  5. ↑ "Following a strong Q4, Paul Palmieri Steps Down as Millennial Media's Chairman and CEO". Business Wire. Retrieved 27 January 2014.
  6. ↑ "Ernst & Young Entrepreneur of the Year 2010 award winners in Maryland announced - Ernst & Young - United States". Archived from the original on 2013-01-22. Retrieved 2012-05-01. Ernst & Young - Ernst & Young Entrepreneur Of The Year® 2010 award winners in Maryland announced, June 19, 2012.
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