Cumulus Expands Board with Financial Expert Galbraith

RADIO ONLINE | Wednesday, January 22, 2025 | 4:07pm CT

Steven M. Galbraith

Cumulus Media has officially appointed Steven M. Galbraith, an experienced investor and financial strategist, to its board of directors. This addition comes as part of the company's ongoing efforts to enhance its strategic planning and growth initiatives.

Andrew W. Hobson, the Chairman of Cumulus Media, expressed his enthusiasm about Galbraith's appointment. "Steve brings a wealth of expertise in investment management, which will be invaluable as we seek new avenues for growth and enhancement of shareholder value," Hobson stated. Galbraith's deep-rooted involvement as a major shareholder also positions him uniquely to understand the company's operational and financial dynamics intimately.

Galbraith currently manages Kindred Capital Advisors LLC and holds a significant investment in Cumulus through both personal and institutional avenues. His career includes pivotal roles such as the Chief Investment Officer at Morgan Stanley, where he significantly influenced investment strategies. Beyond his corporate achievements, Galbraith's academic involvement includes a stint as an Adjunct Professor at Columbia University Business School, where he taught securities analysis from 1998 to 2008.

His advisory role at the Office of Financial Research following the Dodd-Frank Act illustrates his commitment to enhancing financial stability and transparency in the U.S. financial system. Furthermore, Galbraith's philanthropic and advisory endeavors span across prominent organizations such as the Success Academy Charter Schools and the National Constitution Center.