UBM chief David Levin to leave for McGraw-Hill Education earlier than expected
Monday 13 January 2014
UBM was today under pressure to speed up its search for a new chief executive as it emerged that David Levin was leaving in March, earlier than planned, to run McGraw-Hill Education in America.
Levin announced last September that he intended to step down by July 2014 as he was seeking a fresh “challenge” after heading the FTSE 250 business information and events group for eight years.
UBM said chairman Dame Helen Alexander, former chief executive of The Economist Group, will “become executive chairman until a new CEO is in place”.
But Liberum Capital said UBM’s willingness to let Levin go was a positive. “We think this suggests a new CEO appointment is probably close,” added the broker.
UBM shares today rose 12p, or almost 2 per cent, to 695p.
- 1 Autism 'caused by genetics', study suggests
- 2 What happens to your body when you give up sugar?
- 3 Why you should never make assumptions about people with autism
- 4 Tourist films plane's descent just metres above packed Caribbean beach
- 5 Have sex with your iPad thanks to the new sex toy no-one asked for
Tourist films plane's descent just metres above packed Caribbean beach
Bali nine: Welcome to 'Execution Island' – the Indonesian holiday resort where foreigners are sent to die
How Homer Simpson discovered the Higgs boson over a decade before scientists
The 'sex selfie stick' lets you FaceTime the inside of a vagina
Harrison Ford plane crash: Star Wars actor 'seriously injured' after light aircraft crash lands
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
End of the licence fee: BBC to back radical overhaul of how it is funded
Ex-head of MI6: 'We shouldn't kid ourselves that Russia is on a path to democracy'
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
Nigel Farage promises Ukip will not 'stigmatise' would-be migrants – and says he wants 'everyone to speak the same language'
iJobs Money & Business
£13000 per annum: Recruitment Genius: This is an exciting opportunity to join ...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£8 per hour: Recruitment Genius: This Pension Specialist was established early...
£30 - 35k + Bonus & Benefits: Guru Careers: We are seeking an Executive Assist...