Gilbertson leaves publisher Emap
Wednesday 11 May 2011
David Gilbertson is set to step down as chief executive of the magazine group Emap International, which publishes Retail Week and Screen International, after three years.
The company, which is backed by the private-equity investor Apax Partners and Guardian Media Group (GMG), the publisher of The Guardian newspaper, revealed Mr Gilbertson's departure and said succession plans would be announced "in due course". The outgoing chief executive called Emap a "first-class business", and added: "Recession has extended the likely period of private-equity ownership for the business, making this an opportune moment for new leadership to take the company on to its next phase."
The company has struggled during the downturn but sources close to the company said the departure had been mutual and it had not been related to performance. Mr Gilbertson, who joined in March 2008 from Informa, believes the company is on target to return to growth this year.
Irina Hemmers, a partner at Apax, said Mr Gilbertson had led Emap "with distinction" adding: "He leaves the business in good shape and well placed for growth."
Nevertheless, in 2009, Apax wrote down its investment to nothing, while GMG has also taken significant writedowns on the value of its holding.
- 1 Half of young women unable to ‘locate vagina’ and 65% find it difficult to say the word
- 2 Perez Hilton apologises for Jennifer Lawrence naked photo leak
- 3 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 4 Mexican woman becomes world’s 'oldest person' at 127
- 5 Jennifer Lawrence 'naked sex video' will be leaked threatens 4Chan celebrity photo hacker
Perez Hilton apologises for Jennifer Lawrence naked photo leak
Ariana Grande nude photos leak: 'These are completely fake' say singer's representatives
A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
Israel to appropriate 400 hectares in West Bank for ‘state use’
Kate Upton nude pictures leak: Model's representatives 'looking into' authenticity of naked images
Rotherham child sex abuse scandal: Labour Home Office to be probed over what Tony Blair's government knew - and when
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Ashya King: Parents of five-year-old boy refused permission to visit him in hospital and denied bail at Spanish court
With Douglas Carswell joining Ukip, my party has taken another giant step forward
When elitism grips the top of British society to this extent, there is only one answer: abolish private schools
Ukip Douglas Carswell defection: Tory MP jumps ship to join Nigel Farage
iJobs Money & Business
£40000 - £50000 per annum + benefits+bonus+package: Harrington Starr: SQL Impl...
£85000 per annum: Harrington Starr: Head of IT (Windows, Server, VMware, SAN, ...
£40000 - £50000 per annum: Harrington Starr: You will not be expected to hav...
£500 per day: Harrington Starr: SQL DBA/Developer SQL, C#, VBA, Data Warehousi...