25 February 2014
UBM plc appoints Tim Cobbold as Chief Executive Officer
UBM plc today announces that Tim Cobbold has been appointed to the role of
Chief Executive Officer; he will take up his position and join the Board as an
executive director on 6 May 2014. Tim's appointment follows the announcement in
September 2013 that David Levin intended to step down as UBM's CEO.
Tim joins UBM from De La Rue plc, where he has been Chief Executive since 2011.
Before joining De La Rue, Tim was Chief Executive of Chloride Group plc, the
international provider of secure power solutions. Prior to this he was at
Smiths Group plc where he held a wide variety of senior roles, including a
number of Managing Director positions. Tim is also a Non-Executive Director of
As previously announced, on David Levin's departure Dame Helen Alexander,
Chairman of UBM plc, will become Executive Chairman until Tim takes up his
position, whereupon Dame Helen will revert to her non-executive role. David
leaves UBM with effect from 1 March 2014.
Dame Helen Alexander, Chairman of UBM plc, said:
"I am very pleased to welcome Tim to UBM as CEO. 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. I look
forward to working with him to develop UBM's business into the future. "
Tim Cobbold said:
"I'm delighted to be joining UBM: it's an exciting, 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."
There is no additional information required to be disclosed pursuant to Listing
Rule 9.6.13 in relation to Tim Cobbold's appointment.
- Ends -
Peter Bancroft Director of Communications
Direct telephone +44 20 7921 5961
Chris Barrie Citigate Dewe Rogerson
Direct telephone +44 20 7282 2943
Mobile +44 796 872 72 89
Chantal Bradford Investor Relations Manager
Direct telephone +44 20 7921 5023
Notes to Editors
1. About UBM plc
UBM plc is a global events-led marketing services and communications company.
We help businesses do business, bringing the world's buyers and sellers
together at events and online, as well as producing and distributing news and
specialist content. Our 5,500 staff in more than 30 countries are organised
into expert teams which serve commercial and professional communities, helping
them to do business and their markets to work effectively and efficiently.
For more information, go to www.ubm.com; follow us on Twitter at @UBM_plc to
get the latest UBM news; follow @UBM for a flavour of UBM from UBM's
2. Tim Cobbold biographical information
* After a graduating from Imperial College with a degree in Mechanical
Engineering, Tim qualified as a Chartered Accountant with Price Waterhouse.
* He began his career in industry in 1989 with UK engineering group TI Group
(subsequently acquired by Smiths Group plc) where he worked in the
automotive, oil & gas, capital goods, marine and medical industries.
* He gained extensive international experience through senior leadership
roles with responsibility across Asia, Europe (working and living in
Germany for three years) and particularly the US where he led the
integration of a $1bn acquisition.
* Tim left Smiths Group for the international provider of secure power
systems Chloride Group plc where he became Chief Executive in 2008.
Chloride operates in Europe, Asia, US, Middle East and Australia.
* Under Tim's leadership Chloride grew quickly despite the recession of 2009,
with Tim overseeing the establishment of a new joint venture business in
China and a key strategic acquisition in India. In 2010 Chloride was
acquired by Emerson Electric. After a short period overseeing the
integration process, Tim joined De La Rue Plc as Chief Executive in January
* At De La Rue - an international business employing 4,000 people, doing
business in more than 150 countries covering the Africa, Asia, Europe,
Latin America, Middle East and the USA - he successfully led the
restoration of the Group's reputation and delivered a significant
turnaround in financial performance and prospects.
* He played a leading role in addressing ethical concerns in the industry by
creating and launching the industry's independent "Ethics Initiative". De
La Rue became one of the first three business accredited under this
initiative in February 2014.
* Tim lives in Chichester and London, and is married with three adult
3. UBM plc FY 2013 results
UBM plc will announce results for the Full Year ended 31 December 2013 as
planned on 28 February 2014.
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