Glam Media,Inc. has announced that Michael Adair,former head of sales finance for Google North America, will join the company as Vice President of Corporate Development and Finance. In this newly created position, Adair will be responsible for the evaluation and execution of Glam Media’s strategic investments, corporate development and corporate finance. The appointment is part of Glam’s growing global and corporate development initiatives. In May 2008, Glam appointed Bruce Jaffe, former corporate vice president for corporate development at Microsoft, to Glam’s advisory board to help build the strategy corporate development.
While at Google, Adair directed Google’s North American sales finance team and worked closely with Google’s president of advertising and commerce. Adair helped lead the team that managed strategic acquisitions responsible for over $3.5 billion in revenue, including dMarc, YouTube and DoubleClick. Adair’s group provided critical financial reporting and analytics across many platforms, including branded and offline advertising.
Prior to joining Google, Michael worked as an investment banker at Lehman Brothers, where he served in their Communications and Media Group. Adair also spent several years working in sales, marketing and management at Computational Systems, a technology start-up, now a division of Emerson Electric. Adair holds an MBA from Harvard Business School and a B.S. from the United States Merchant Marine Academy.
“I am excited to join Glam Media’s executive team as we leverage Glam’s vertical network model that it is ripe for xpansion,” said Michael Adair. “Glam’s focus on creating the right network model for display advertising makes them one of the most existing companies in media today.”
“We are pleased to have Michael Adair join Glam at a time of such rapid growth of the company,” said Samir Arora, chairman and CEO, Glam Media. “With his deep operational and corporate development experience from Google, the number one media company, Adair is a strategic resource that will help Glam Media expand its position as the leading vertical network
for brand advertisers.”
Glam Media connects advertisers with a global publisher network of more than 640 fashion, living and entertainment Web sites and is number one in reach for women online, with more 77 million unique users worldwide. Today,Glam Media’s vertical content network is composed of five channels,including: Style, Living, Entertainment, Health and Family.