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 Drax plc. 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 - Contacts Media Peter Bancroft Director of Communications E-mail firstname.lastname@example.org Direct telephone +44 20 7921 5961 Chris Barrie Citigate Dewe Rogerson E-mail email@example.com Direct telephone +44 20 7282 2943 Mobile +44 796 872 72 89 Analysts/Investors Chantal Bradford Investor Relations Manager Email firstname.lastname@example.org 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 Twitterati. 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 2011. * 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 children. 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. END -0- Feb/25/2014 07:00 GMT
UBM PLC: Directorate Change
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