WORLD - UBM's CEO David Levin has announced he will step down by July 2014.
Chairman Helen Alexander will lead a search for the replacement of Levin who will remain in his current role until a successor is found.
Levin has been CEO since 2005, during which time he helped transform UBM.
"David has led the remarkable transformation of UBM into a focused, international events-led marketing communications business during a time of huge change in the media industry," said Alexander. "He has successfully laid the foundations for UBM's next phase of development.
“David remains in charge and we are working closely together to ensure a good handover when the time comes."
Levin said during his time as CEO the company has completed more than 100 acquisitions, more than a dozen disposals and 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,” said Levin.
“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 US. This has been underpinned by as 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."
Got a story for Exhibition World? Email us: exhibitionworld@mashmedia.net
