Publishing and media group, United Business Media (UBM), has announced the departure of its chief operating officer, Malcolm Wall.
Wall has held the position since January 2001, before which he was chief executive officer of UBM’s television interests, playing a major role in building the group’s business.
From 2001 onwards he delivered strong profit growth and a successful investment led strategy in United’s publishing and information businesses.
Commenting on the departure, Sir Clive Hollick, chief executive of UBM said: “Malcolm has been a great colleague who has built strong, successful businesses and shown outstanding leadership during his twelve years at United. We all wish him the very best in his next venture.”
Malcolm Wall added: “I have thoroughly enjoyed my years at United. I wish my colleagues and friends all the very best for the future – safe in the knowledge that the combination of top class assets and management will serve them well.”
UBM recently released an upbeat trading statement, revealing a year on year increase in profit of 36.9% up to £141.4 million (see UBM Reveals Strong Profits For 2004). The group showed growth across all sections, with turnover up 8.4% to £809.6 million and operating profit enjoying a 33.1% rise to £132.3 million.
Last month, UBM announced the disposal of its market research firm, NOP World, valued at £250 million (see Race For NOP Starts), sparking interest from WPP, Aegis and Taylor Nelson Sofres.
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