David Levin Will Step Down from CEO Post at UBM in 2014
September 15, 2013
David Levin informed the board of UBM that he will be leaving his CEO post by July 31.
The board will begin the search process for his successor, led by UBM’s chairperson, Helen Alexander. Levin will stay in his CEO post until a successor is found.
"David has led the remarkable transformation of UBM into a focused, international events-led marketing communications business during a time of huge change in the media industry. He has successfully laid the foundations for UBM's next phase of development,” Alexander said.
She added, “David remains in charge, and we are working closely together to ensure a good handover when the time comes."
Levin started with UBM in 2005 and has been involved in the information, technology and media sectors since 1994, holding senior positions at the international business publishing group Euromoney Institutional Investor PLC, as Group COO, Group CFO, and as president of Institutional Investor magazine group in New York.
Between February 1999 to April 2002, he was CEO of Psion plc, the handheld computing company, and between April 2002 and April 2005, he was CEO of Symbian, a mobile phone software licensing company.
Prior to that, Levin also worked for the private equity group Apax Partners, based in the U.K., as Managing director of a number of engineering companies, and with the consultancy firm Bain and Company, mostly in Asia and the USA.
"I have really enjoyed leading the transformation of UBM's business over the past eight years, together with a great group of colleagues,” Levin said.
He added, “During this time, UBM has completed more than 100 acquisitions and more than a dozen disposals, and we have returned more than £900 million ($1.4 billion) of cash to shareholders. UBM's two main businesses, Events and PR Newswire, offer significant opportunities for growth, both organic and by acquisition.”
Levin also oversaw the growth of the company into emerging markets, such as China, India, Brazil, Turkey and the ASEAN region, and further expansion into the U.S.
“I feel that it is the right time to look for my next challenge. I look forward to the future and, in the meantime, it is business as usual,” Levin said.
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
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