17th May 2006 07:00
United Business Media appoints new CEO of CMPMedica Focuses healthcare and technology activities into global divisions United Business Media plc announced today that Henry Elkington has beenappointed Chief Executive Officer of CMPMedica, UBM's healthcare division.Henry Elkington takes up his position with immediate effect.Henry Elkington, 41, is currently UBM's Director of Corporate Development,having joined UBM in August 2005. Henry spent 16 years at The Boston ConsultingGroup, where he advised on strategy, mergers and acquisitions, and post-mergerintegration in a range of industries including pharmaceuticals, media andtelecoms. He became a partner and director of BCG in 1996, before establishinghis own consultancy practice in 2004.In addition to this appointment, UBM's healthcare activities worldwide will beconsolidated into CMPMedica to create a fully integrated global healthcaremedia division with 2005 pro forma revenues* of around ‚£170m. In addition toits existing market-leading European and Asian medical media businesses,CMPMedica will take responsibility for UBM's US and UK healthcare activities.The newly-consolidated CMPMedica division will bring together expertise inhealthcare print, events and electronic media. The division will benefit fromshared market-specific skillsets such as excellence in print and online inFrance, UK, USA, Australia and a number of Asian countries; market-leading DrugInformation Services expertise in France, Spain and across Asia; as well asstrengths in Continuing Medical Education in the US. This consolidation willenable CMPMedica to better serve the growing needs of its pharmaceuticalcustomers and its physician audience worldwide.In a parallel development, CMP Media will focus its activities exclusively onthe needs of its principal market - the global technology industry. Thisfollows significant expansion of the business over the last twelve months withthe acquisition of BlackHat, Light Reading, MediaLive, Shorecliff andTechOnLine for a total of $120m. CMP Media will transfer its US-based medicalpublishing and continuing medical education businesses to CMPMedica. CMPMedia's exhibitions businesses in the beauty and cruise shipping markets willbe transferred into UBM's CMPi division. Reflecting the focus on its coremarkets, CMP Media will in future operate as CMP Technology. The division's2005 pro forma revenues* were around ‚£200m.David Levin, United Business Media's Group Chief Executive Officer said:"I am very pleased to appoint Henry to lead our expanded and focussedhealthcare business. We considered some excellent external candidates for thepost but Henry's considerable knowledge and understanding of the healthcaresector as well as his terrific wider business experience and expertise made himthe first choice. Having spent almost a year as UBM's Director of CorporateDevelopment, Henry is ideally placed to lead CMPMedica and I look forward toworking with him in his new role.The wider organisational changes to CMPMedica and the formation of a focussedCMP Technology division also announced today are designed to create businessorganisations that better reflect the global nature of the healthcare andtechnology customers that these divisions serve. These changes are part of ourcontinuing strategic evolution of United Business Media as a media businessdedicated to serving the needs of specific B2B communities across integratedmedia platforms."* includes full year revenue of acquisitions Ends ContactsMedia Peter Bancroft Director of Communications E-mail [email protected] Direct telephone +44 20 7921 5961 Chris Barrie Citigate Dewe Rogerson E-mail [email protected] Direct telephone +44 20 7282 2943 Mobile +44 796 872 72 89 Analysts Catherine Southgate Head of Investor Relations Email [email protected] Direct telephone +44 20 7921 5031 Notes to Editors1. About United Business Media plcUnited Business Media is one of the world's leading global business informationcompanies. UBM brings together the world's buyers and sellers, helping theirmarkets work effectively and efficiently through PR Newswire's newsdistribution network and CMP's portfolio of events, print and on-linepublications. For more information, go to www.unitedbusinessmedia.comAbout PR Newswire - PR Newswire is the world's leading corporate newsdistribution service. Headquartered in New York, PR Newswire distributes newsglobally on behalf of over 40,000 customers, including many of the world's topcompanies and agencies, helping them take the latest news to the media, theinvestment community, and the general public. For more information, go to www.prnewswire.comAbout CMP - CMP's portfolio of more than 200 newspapers, magazines anddirectories, 200 websites and 300 events brings together buyers and sellersfrom a range of global sectors including technology, healthcare, the builtenvironment, lifestyle, fashion and ingredients. Our customers come to us fordirect access to their key audiences: business decision-makers.CMP operates globally through four divisions:CMP Technology - CMP Technology is the USA's leading high tech B2B mediacompany, providing marketing solutions company for the global technologyindustry. Through its market-leading portfolio of trusted information brands,CMP Technology has earned the confidence of more technology professionals thanany other media company. As a result, CMP Technology is the premier providerof access, insight and actionable programs designed to connect sellers andbuyers in ways that yield superior return on investment. For more information,go to www.cmp.comCMPMedica: CMPMedica provides information and education to healthcareprofessionals and patients around the world. It has a unique portfolio ofprofessional media products including newspapers, magazines, drug directories,electronic databases, websites and events. For more information, go to www.cmpmedica.com CMP Information: Operating in the UK and internationally, CMPi providesprofessional media solutions to around 20 industry sectors. Its productsinclude magazines, exhibitions, conferences, awards, information products andwebsites, targeted at business professionals across a range of markets such asthe built environment, travel, licensed trade, agriculture, security andingredients. For more information, go to www.cmpinformation.bizCMP Asia: Headquartered in Hong Kong with offices throughout the region, CMPAsia is a leader in exhibitions and online and print business informationpublications for Asian markets. Working with partners from around the world,CMP Asia stages a range of leading events which includes the largestinternational jewellery, leather and fashion, beauty and furniture trade showsin Asia, as well as the definitive health show for the Japan market. For moreinformation, go to www.cmpasia.comENDUNITED BUSINESS MEDIA PLCRelated Shares:
UBM