David Levin to step down as CEO of UBM

UBM has announced that David Levin will step down from his position as CEO by 31 July 2014.

A search process for his successor will be initiated by the Board and led by UBM’s chairman, Helen Alexander. Levin joined UBM as CEO in 2005 and has led the transformation of the company into an events and communications business with a significant proportion of its business in emerging markets.

Said Levin: “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 £900m of cash to shareholders. UBM’s two main businesses, Events and PR Newswire, offer significant opportunities for growth, both organic and by acquisition. 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. This has been underpinned by a profound shift in UBM’s culture.”

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