Tim Cobbold will become UBM’s new Chief Executive Officer in May.
His appointment follows the announcement in September 2013 that David Levin intended to step down as UBM’s CEO. Cobbold joins UBM from security printing, papermaking and cash handling systems company De La Rue, where he has been Chief Executive since 2011. He will take up his position and join the board on 6 May 2014.
Before joining De La Rue, Cobbold was Chief Executive of Chloride Group, an international provider of secure power solutions. He is also a Non-Executive Director of electrical power generation company Drax.
As previously announced, UBM chairman Dame Helen Alexander will become Executive Chairman until Cobbold takes up his position, where upon Dame Helen will revert to her non-executive role.
Levin will leave UBM on 1 March, earlier than expected after being appointed President CEO of McGraw-Hill Education in New York.
“I am pleased to welcome Tim to UBM as CEO,” said Dame Helen Alexander. “He was an outstanding candidate from a very strong field. Tim has successfully led highly international, operationally complex businesses; the board is confident that his track record ideally qualifies him to continue the development of UBM as a focused, international events-led marketing communications business.
On his appointment, Cobbold said UBM is a dynamic international business.
“As a market leader in both the global events and the news and digital content marketing industries it has significant growth potential. I look forward to developing the business further with the board and the rest of the team at UBM.”
UBM has also announced that Karen Thomson will step down from the board on 31 March, having served as an independent non-executive director since her appointment to the board in August 2006.
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