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Samuel Powers To Join Advance As Chief Development Officer

PRIVATEJul 23, 2024•almost 2 years ago

Position

Chief Development Officer

Company

Advance

Samuel Powers
New YorkMedia Production

Description

Samuel Powers, Global Head of Technology, Media & Telecom Investment Banking at Bank of America, will join Advance as Chief Development Officer. In his new role, Powers will assume leadership of Advance's capital deployment program to expand in promising new growth areas and strengthen the company's existing portfolio of businesses through acquisitions, investments, and partnerships. He will become a member of Advance's Executive Committee and report to Janine McGrath Shelffo, Group President and Chief Growth & Strategy Officer.

Company Information

Company

Advance

Location

New York, New York, United States

About

Advance is a private, family-held business that owns and invests in companies across media, entertainment, technology, communications, education and other promising growth sectors. Our mission is to build the value of our companies over the long-term by fostering growth and innovation. Advance's portfolio includes Condé Nast, Advance Local, Stage Entertainment, The IRONMAN Group, American City Business Journals, Leaders Group, Turnitin and Pop. Together these operating companies employ more than 14,000 people in 29 countries. Advance is also among the largest shareholders in Charter Communications, Reddit and Warner Bros. Discovery.

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Executive Insights

Based on hiring data
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87% of new executives make significant technology decisions within first 100 days
Budget influence
C-level executives control 73% of technology spending decisions
Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.