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Ad Veteran Michael Barrett Joins Millennial Media as New CEO

Mobile ad network Millennial Media has hired ad veteran Michael Barrett as its new CEO. Barrett replaces Millennial’s founder Paul Palmieri, who will join New Enterprise Associates as a venture adviser. Barrett’s resume includes stints as chief revenue officer at Yahoo, AOL and Fox Interactive Media; he was also CEO at Admeld prior to that company’s acquisition by Google. In November, Millennial finished its acquisition of Jumptap, a rival ad network.

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