16th Sep 2013 07:00
UBM PLC - Directorate ChangeUBM PLC - Directorate Change
PR Newswire
London, September 15
16 September 2013 UBM plc CEO succession planning UBM plc today announces that David Levin has informed the Board of hisintention to step down as Chief Executive Officer by 31 July 2014. A search process for his successor will be initiated by the Board and led byUBM's Chairman, Dame Helen Alexander. David will remain as UBM's CEO while thissearch takes place as part of an orderly transition. David joined UBM as CEO in 2005 and has led the transformation of UBM from abroad media conglomerate focused primarily on the UK and the US into an eventsand communications business with a significant proportion of its business inemerging markets. Dame Helen Alexander, Chairman of UBM plc, said: "David has led the remarkable transformation of UBM into a focused,international events-led marketing communications business during a time ofhuge change in the media industry. He has successfully laid the foundations forUBM's next phase of development. David remains in charge and we are working closely together to ensure a goodhandover when the time comes." David Levin, CEO of UBM plc, said: "I have really enjoyed leading the transformation of UBM's business over thepast eight years, together with a great group of colleagues. During this timeUBM has completed more than 100 acquisitions and more than a dozen disposals,and we have returned more than £900m of cash to shareholders. UBM's two mainbusinesses, Events and PR Newswire, offer significant opportunities for growth,both organic and by acquisition. UBM has built its businesses in the emergingmarkets of China, India, Brazil, Turkey and the ASEAN region whilestrengthening its largest position in the USA. This has been underpinned by aprofound shift in UBM's culture. I feel that it is the right time to look for my next challenge. I look forwardto the future and, in the meantime, it is business as usual." - Ends - Contacts Media 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/Investors Kate Postans Head of Investor Relations Email [email protected] Direct telephone +44 20 7921 5023 Notes to Editors 1. About UBM plc UBM plc is a global events-led marketing services and communications company.We help businesses do business, bringing the world's buyers and sellerstogether at events and online, as well as producing and distributing news andspecialist content. Our 5,500 staff in more than 30 countries are organisedinto expert teams which serve commercial and professional communities, helpingthem to do business and their markets to work effectively and efficiently. For more information, go to www.ubm.com; follow us on Twitter at @UBM_plc toget the latest UBM corporate news; follow @UBMNews for news from all UBM'sbusinesses; follow @UBM for a flavour of UBM from selected members of UBM'sTwitterati.
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