Advance announces CFO succession
Advance Publications Inc. has announced that Oren Klein will succeed Tom Summer in the role of chief financial officer, effective Oct. 1. Summer, who had previously announced his plans to retire, will remain at Advance full-time through the end of 2018, and then assume the role of senior advisor.
"We would like to thank Tom for his invaluable contributions to Advance during his 10 years at our company," said Steve Newhouse, co-president of Advance. "His calm hand, wise counsel, integrity, deep expertise and extraordinary leadership have been critical in shaping our organization. He has helped us build a solid foundation of financial and human capital that will support the continued growth and transformation of Advance. We couldn't be more grateful to Tom and are delighted that he will remain a valued advisor to Advance in retirement."
Klein has been vice president, finance and controller of Advance since 2008. "In addition to his financial leadership and expertise, Oren's strategic perspective and business acumen have been immensely valuable for Advance," said Newhouse. "We will benefit greatly from his wisdom and insight as we guide our businesses through a time of disruption and embark on a multi-billion-dollar capital redeployment effort."
Before joining Advance, Klein held various executive positions at Pitney Bowes, and gained international experience with Ernst & Young prior to that. Klein holds an MBA from New York University and undergraduate degrees in accounting and commerce from the University of the Witwatersrand in South Africa.