David Levin to step down as CEO of UBM

David LevinDavid Levin is to step down as Chief Executive Officer of UBM plc by 31 July 2014.

UBM’s Chairman, Dame Helen Alexander is to lead a search for Levin’s successor. Levin will remain in his current role until a successor is found.

Levin joined UBM as CEO in 2005 and has led the transformation of UBM from a broad media conglomerate focused primarily on the UK and the US into an events and communications business with a significant proportion of its business in emerging markets.

David Levin, 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 £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. I feel that it is the right time to look for my next challenge. I look forward to the future and, in the meantime, it is business as usual.”

UK, London

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