5th Mar 2010 07:00
5 March 2010
Tarsus Group plc
Appointment of new CEO for Asia
§ Highly experienced CEO appointed to drive growth in Asia
§ Continued development of business infrastructure within the Group
§ Based in new Hong Kong office - local knowledge in local markets
Tarsus Group plc ('Tarsus' or 'the Group'), the international business-to-business media group, is pleased to announce the appointment of Gary Marshall, 52, to the Board as CEO Asia with effect from 31 March 2010.
Gary spent 11 years at United Business Media ('UBM') where for six years he was CEO of their Asian B2B business. He led the business from its small initial base and built it into one of the leading Asian international exhibition organisers through an active organic and acquisition strategy. Based in Hong Kong, the business developed a significant presence in Asia including a leading position in China.
Following UBM's $920 million acquisition of CMP Media in 2000 Gary relocated to New York to become President and CEO of CMP Media and Chairman of the Asia operations. He left UBM in 2005 and then joined IDG Inc., the world's leading technology media, events and research company, as Director of International Business Development. At IDG he focused primarily on building their Asian and Middle Eastern businesses.
Neville Buch, Chairman of Tarsus, commented:
"Tarsus' Emerging Markets division continues to grow strongly and constituted a third of Group revenues in 2009. This growth has been underpinned by the creation of the vital business infrastructure that is required to support expansion in the region.
We are therefore pleased to be able to announce Gary's appointment to the Board as the latest development in this key element of our strategy. His proven track record in the exhibition industry and depth of international business experience, particularly within Asia and the Middle East, will accelerate our growth in Asia going forward and be a key asset in pursuit of our Project 50/13 growth strategy."*
The Company confirms that there is no further information required by Listing Rule 9.6.13R to be disclosed in relation to Gary Marshall.
*Note for Editors:
The Project 50/13 growth strategy refers to the Group's recently stated intention to source 50% of revenues from emerging economies by 2013.
Tarsus Group plc:
Douglas Emslie, Group Managing Director 020 8846 2700
Ashley Milton, Group Finance Director 020 8846 2700
Investors/Analysts:
Scott Harris
Stephen Scott, Jeremy Wiseman 020 7653 0030
Related Shares:
Tarsus