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 New Enterprise Associates (NEA) is an American-based venture capital firm. NEA focuses investment stages ranging from seed stage through growth stage across an array of industry sectors. With over $25 billion in committed capital, NEA is one of t ...

Early life and education

Palmieri was born in

New Britain, Connecticut New Britain is a city in Hartford County, Connecticut, Hartford County, Connecticut, United States. It is located approximately southwest of Hartford, Connecticut, Hartford. The city is part of the Capitol Planning Region, Connecticut, Capitol ...

. He grew up in the Oakhurst section of

Ocean Township, Monmouth County, New Jersey Ocean Township is a Township (New Jersey), township situated on the Jersey Shore in east central Monmouth County, New Jersey, Monmouth County, within the U.S. state of New Jersey. The township is a bedroom suburb of New York City. Ocean Townshi ...

, and attended

Red Bank Catholic High School Red Bank Catholic High School is a four-year private coeducational Roman Catholic high school, located in Red Bank in Monmouth County, in the U.S. state of New Jersey, serving students in ninth through twelfth grades, operating under the super ...

, where he performed in school plays. He then went to

Mount St. Mary's University Mount St. Mary's University is a private Catholic university in Emmitsburg, Maryland, United States. It has the largest Catholic seminary in the United States. Undergraduate programs are divided between the College of Liberal Arts, the Richar ...

where he graduated with a B.A. in political science.

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. 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. 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. Palmieri is the global vice chairman of the Mobile Marketing Association and a member of the board of directors at the Interactive Advertising Bureau (IAB). On January 27, 2014, Palmieri stepped down from his position as CEO at Millennial Media to take on a role as Venture Advisor at

. 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. Ernst & Young - Ernst & Young Entrepreneur Of The Year® 2010 award winners in Maryland announced, June 19, 2012.

References

{{DEFAULTSORT:Palmieri, Paul 1970 births Living people American chief executives American technology company founders Mount St. Mary's University alumni People from New Britain, Connecticut People from Ocean Township, Monmouth County, New Jersey Red Bank Catholic High School alumni