Wayne Powers has been named president and group publisher of Parade. Powers comes to the magazine from Yahoo!, where he has been since 2010. Prior to that he was president of Time Inc. Media Group for 12 years.

“We are thrilled that Wayne will be joining us,” said Parade’s CEO, Jack Haire. “He is a great leader and a proven innovator, with a tremendous background in print and digital advertising. Digital development will play a large role in the future of Parade, and of the American newspaper business. With Wayne on board, we are investing in that future. His leadership will be invaluable.”

“The opportunities at Parade are incredible,” said Powers, via a press release. “The commitment to building this huge consumer brand across multiple platforms, while continuing to find more ways to build on our newspaper partnerships, is exciting.”