The Daily Telegraph is reporting that David Gilbertson has resigned as CEO of Emap.
Emap, was bought in 2007 by Eden Bidco Ltd, a joint venture between private equity company Apax and Guardian Media Group. They paid around £1bn. Since then Emap has struggled to meet projections and both investors have been forced to write down the value of the investment
David Gilbertson joined EMAP from Informa in 2008. It is thought he was looking to renegotiate the management award scheme. It maybe that Emap’s top 20 executives have all their equity under water.
UK, London
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