Thursday, September 19, 2013

David Levin to step down from UBM

News this week: U.K.-listed media company, UBM plc, announced that company CEO David Levin will step down from his post by 31st July 2014. Levin has been CEO of UBM since 2005 and will remain in his position during the search for a replacement.

A search process for Levin’s successor will be led by UBM’s Chairman, Dame Helen Alexander. During Levin’s tenure, UBM has been transformed into an events and communications-led business with a significant proportion of its business now operating in emerging markets.

David Levin, CEO of UBM, said, “I have really enjoyed leading the transformation of UBM’s business over the past eight years, together with a great group of colleagues. During this time UBM has completed more than 100 acquisitions and more than a dozen disposals, and we have returned more than £900 million (US$1.45 billion) of cash to shareholders. UBM has built its businesses in the emerging markets of China, India, Brazil, Turkey and the ASEAN region while strengthening its largest position in the USA.”

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