United Business Media (UBM) has appointed Steve Weitzner to chief executive of CMP Media, the company’s electronics and online media arm.
The new role sees Weitzner replace current chief executive Gary Marshall, with Weitzner rising from his position as chief operating officer.
Commenting on his appointment David Levin, chief executive of UBM, said: “Our strategy is to bring buyers and sellers in specialist markets together, to transact business through print, portals and face-to face meetings. Steve has the skills, knowledge and passion to make the business increasingly customer focused, to lead the online migration of the business and to drive top line growth.
“Gary Marshall has made a major contribution to UBM over the past eleven years, in particular in managing CMP Media through the turbulent period of its integration into UBM and the subsequent collapse of the technology bubble. The Board and I wish him well for the future”
Earlier this year saw UBM announce its half-yearly results ahead of expectations, predicting further growth in the second half of the year and standing optimistic in the face of a “tough market” for print titles (see UBM Reports Profits Ahead Of Expectations).
The company’s half-yearly finances also revealed the positive impact of CMP Media’s acquisition for the first time. Speaking at the release Levin said: “UBM delivered a strong overall performance in the first half of 2005, including the first time impact of the mid 2004 acquisition of CMP Media. UBM is a great business with many strong market positions in specific verticals. We are steadily working at making those positions even stronger”.
Last week, UBM sold its UK automotive titles to Newsquest Media Group, for a cash sum of £50.l2 million (see UBM Sells Automotive Titles To Newsquest).
The move comes just three months after the company announced plans to sell Exchange & Mart and Auto Exchange, claiming the publications would be more valuable to other organisations and a sale would be in the best interest of UBM shareholders (see UBM To Sell Automotive Magazines).
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