Cumulus Media Appoints a Top Shareholder Steven M. Galbraith to Board of Directors
Cumulus Media (NASDAQ: CMLS) has appointed Steven M. Galbraith, one of its largest shareholders, to its Board of Directors. Galbraith is currently a managing member of Kindred Capital Advisors , which holds significant shares in Cumulus. His extensive financial background includes roles as managing member of Herring Creek Capital, partner at Maverick Capital, and Chief Investment Officer at Morgan Stanley.
Galbraith's appointment brings valuable investment management expertise to the board. He previously served as an Adjunct Professor at Columbia University Business School and advisor to the Office of Financial Research. His current board positions include Success Academy Charter Schools, Third Way, Educational Equity Lab, American Friends of Hebrew University Endowment, Narragansett Brewing Company, Equity Data Science, and Said Holdings
Cumulus Media (NASDAQ: CMLS) ha nominato Steven M. Galbraith, uno dei suoi maggiori azionisti, nel Consiglio di Amministrazione. Galbraith è attualmente un membro dirigente di Kindred Capital Advisors, che detiene quote significative in Cumulus. Il suo ampio background finanziario include ruoli come membro dirigente di Herring Creek Capital, partner presso Maverick Capital e Chief Investment Officer in Morgan Stanley.
La nomina di Galbraith porta preziosa esperienza nella gestione degli investimenti al consiglio. In passato ha ricoperto il ruolo di Professore Aggiunto presso la Columbia University Business School e di consigliere per l'Ufficio di Ricerca Finanziaria. Le sue attuali posizioni nel consiglio includono Success Academy Charter Schools, Third Way, Educational Equity Lab, American Friends of Hebrew University Endowment, Narragansett Brewing Company, Equity Data Science e Said Holdings.
Cumulus Media (NASDAQ: CMLS) ha nombrado a Steven M. Galbraith, uno de sus mayores accionistas, en su Junta Directiva. Galbraith es actualmente un miembro directivo de Kindred Capital Advisors, que posee participaciones significativas en Cumulus. Su extensa trayectoria financiera incluye roles como miembro directivo de Herring Creek Capital, socio en Maverick Capital y Chief Investment Officer en Morgan Stanley.
La designación de Galbraith aporta valiosa experiencia en gestión de inversiones al consejo. Anteriormente, fue profesor adjunto en la Columbia University Business School y asesor de la Oficina de Investigación Financiera. Sus posiciones actuales en la junta incluyen Success Academy Charter Schools, Third Way, Educational Equity Lab, American Friends of Hebrew University Endowment, Narragansett Brewing Company, Equity Data Science y Said Holdings.
큘머스 미디어 (NASDAQ: CMLS)는 최대 주주 중 한 명인 스티븐 M. 갈브레잇을 이사회에 임명했습니다. 갈브레잇은 현재 킨드레드 캐피탈 어드바이저스의 관리 멤버로, 큘머스의 상당한 지분을 보유하고 있습니다. 그는 Herring Creek Capital의 관리 멤버, Maverick Capital의 파트너, 그리고 Morgan Stanley의 최고 투자 책임자 직을 역임한 풍부한 금융 경력을 가지고 있습니다.
갈브레잇의 임명은 이사회에 귀중한 투자 관리 전문 지식을 제공합니다. 그는 이전에 콜롬비아 대학교 비즈니스 스쿨에서 겸임 교수로 활동했으며 재무 연구 사무소의 자문 역할을 맡았습니다. 그의 현재 이사직에는 Success Academy Charter Schools, Third Way, Educational Equity Lab, American Friends of Hebrew University Endowment, Narragansett Brewing Company, Equity Data Science 및 Said Holdings가 포함됩니다.
Cumulus Media (NASDAQ: CMLS) a nommé Steven M. Galbraith, l'un de ses plus grands actionnaires, au conseil d'administration. Galbraith est actuellement membre gestionnaire de Kindred Capital Advisors, qui détient des actions importantes de Cumulus. Son vaste parcours financier comprend des rôles tels que membre gestionnaire de Herring Creek Capital, partenaire chez Maverick Capital et directeur des investissements chez Morgan Stanley.
La nomination de Galbraith apporte une expertise précieuse en gestion d'investissements au conseil. Il a précédemment été professeur adjoint à la Columbia University Business School et conseiller au Bureau de la recherche financière. Ses postes actuels au conseil comprennent Success Academy Charter Schools, Third Way, Educational Equity Lab, American Friends of Hebrew University Endowment, Narragansett Brewing Company, Equity Data Science et Said Holdings.
Cumulus Media (NASDAQ: CMLS) hat Steven M. Galbraith, einen seiner größten Aktionäre, in den Vorstand berufen. Galbraith ist derzeit geschäftsführendes Mitglied von Kindred Capital Advisors, das erhebliche Anteile an Cumulus hält. Sein umfangreicher finanzieller Hintergrund umfasst Rollen als geschäftsführendes Mitglied von Herring Creek Capital, Partner bei Maverick Capital und Chief Investment Officer bei Morgan Stanley.
Galbraiths Ernennung bringt wertvolle Kompetenz im Investmentmanagement in den Vorstand. Er war zuvor außerordentlicher Professor an der Columbia University Business School und Berater des Bureau of Financial Research. Zu seinen aktuellen Vorstandspositionen gehören Success Academy Charter Schools, Third Way, Educational Equity Lab, American Friends of Hebrew University Endowment, Narragansett Brewing Company, Equity Data Science und Said Holdings.
- Appointment of major shareholder to board indicates strong alignment with investor interests
- Addition of experienced investment management expert with CIO background at Morgan Stanley
- Board gains financial markets expertise to help drive growth strategies
- None.
ATLANTA, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) today announced the appointment of Steven M. Galbraith to its Board of Directors.
"We are thrilled to welcome Steve to our board," said Chairman Andrew W. Hobson. "As a longtime shareholder in the Company, Steve has demonstrated a deep commitment to the Company’s success. His impressive investment management background and expertise complement the diverse strengths and wide-ranging capabilities of our existing board, and we are excited to leverage his vision and insights to drive growth and capitalize on new opportunities.”
Galbraith is currently a managing member of Kindred Capital Advisors LLC, and is among the largest shareholders of Cumulus through his personal holdings and those held through Kindred. Previously, Galbraith served as managing member of Herring Creek Capital and was a partner at Maverick Capital. His extensive financial services background also includes serving as Chief Investment Officer at Morgan Stanley, where he played a pivotal role in shaping the firm's investment strategies. In addition to his professional achievements, Galbraith was an Adjunct Professor at Columbia University Business School from 1998 to 2008, where he taught securities analysis. He also previously served as an advisor to the Office of Financial Research, an independent bureau reporting to the U.S. Treasury, established under Dodd-Frank to enhance the stability and transparency of the US financial system.
Galbraith has also been actively involved in various non-profit organizations. He has served on the Board of Trustees of Tufts University and the National Constitution Center in Philadelphia. Currently, he sits on the board of trustees of the Success Academy Charter Schools, where he served as Chair, as well as Third Way, the Educational Equity Lab, and the American Friends of Hebrew University Endowment. Additionally, he is a board member of Narragansett Brewing Company, Equity Data Science, and Said Holdings Limited.
About Cumulus Media
Cumulus Media (NASDAQ: CMLS) is an audio-first media company delivering premium content to over a quarter billion people every month — wherever and whenever they want it. Cumulus Media engages listeners with high-quality local programming through 400 owned-and-operated radio stations across 84 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, Infinity Sports Network, AP News, the Academy of Country Music Awards, and many other world-class partners across more than 9,800 affiliated stations through Westwood One, the largest audio network in America; and inspires listeners through the Cumulus Podcast Network, its rapidly growing network of original podcasts that are smart, entertaining and thought-provoking. Cumulus Media provides advertisers with personal connections, local impact and national reach through broadcast and on-demand digital, mobile, social, and voice-activated platforms, as well as integrated digital marketing services, powerful influencers, full-service audio solutions, industry-leading research and insights, and live event experiences. For more information visit www.cumulusmedia.com.
For further information, please contact:
Cumulus Media Inc.
Investor Relations Department
IR@cumulus.com
404-260-6600
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