Dallas, Texas 02/14/2014 (FINANCIALSTRENDS) – The new age advertising platform, Millennial Media, Inc. (NYSE:MM), which has taken mobile advertisement-based marketing to a new high, has scheduled its fourth quarter earnings results.
In a press release, the technology company has set Feb 19,2014, end of day of trading when top-executives of the company will hold a webcast of its Earnings results.
Mobile Advertising spin
Millennial Media, Inc. (NYSE:MM) has had a spin on advertising in the digital format, essentially for the small-display screen mobiles and in the recent time for the tablets as well. Style and delivery forms which, have set the standards in mobile advertising, have been this company’s much acclaimed work.
In the last week of January, the mobile advertising mogul made some deft management changes. The CEO of the company, Paul Palmeiri stepped down. He also quit his position as the Chairman of the company as well, despite strong fourth quarter performance.
Paul Palmieri steps down
Millennial Media, Inc. (NYSE:MM) in a press release announced on January 27, 2014, that long time CEO Palmieri will step away from the mobile advertising and multiple technology player, as he had new interests in his life, such as the new job as adviser at New Enterprise Associates, Chevy Chase, with relation to ventures. However, the former CEO will hold Millennial’s hands for the next year to complete the transition, in the post of adviser, until new CEO Michael Barrett, is able to take complete charge.
Barrett takes over
Michael Barrett is no stranger to technology, as he had held responsible posts such as Chief Revenue Officer at Yahoo Inc! Millennial welcomes Barrett with a base salary of $500,000, which will be augmented by stock options. Bonus too are part of the structure and will be applicable at rates as high as 80% of the salary, when and where applicable.
