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 David Cameron refers to 83-year-old Labour MP Dennis Skinner as 'Jurassic Park'
- 2 Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
- 3 Optical illusion turns blue demon into brunette
- 4 German ethics council calls for incest between siblings to be legalised by Government
- 5 Saudi Prince Alwaleed bin Talal will donate entire $32bn fortune to charity
Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
German ethics council calls for incest between siblings to be legalised by Government
Saudi Prince Alwaleed bin Talal will donate entire $32bn fortune to charity
Forget little green men - aliens will look like humans, says Cambridge University evolution expert
Greece debt crisis: Country firmly on course to hold EU referendum as eurozone leaders reject new bailout request
The moment a Queen's Guard soldier lost it and drew his gun at annoying tourist
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
Greece crisis: The wider lesson is that it’s time to abandon this failed experiment in currencies
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
They are neither a 'state' nor 'Islamic': Why we shouldn't call them Isis, Isil or IS
Tunisia beach attack: How can British Muslims respond to the latest outrages?
iJobs Money & Business
£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...
£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....
£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...
£22500 - £27000 per annum + OTE £45K: SThree: Since our inception in 1986, STh...