What: CEO
Where: United Business Media
Top achievements
of 2008: In the U.S. in January and the U.K. in July, Levin eliminated
the organizational structures of CMP Technology and CMP
Information, respectively. Levin said the moves were not about
retrenchment, but "about creating agile, focused businesses that
are closer to their audiences and customers and able to build the
products and services the communities they serve really want and need rapidly."
He emphasized that UBM was in a position of strength. "In 2007, CMP profits
rose 30% to $50.1 million, with margins reaching 15.6%, the company’s highest
margins for five years." Levin told Media Business that UBM’s achievements this
year have included "a consistent and disciplined approach on acquisitions, continued
expansion in emerging markets and online innovation in conjunction with
live media."
Top priorities for 2009: "The world is going to be a tougher place in
2009," Levin said. "We need to focus on ensuring our business prospers in this
difficult time, as that will give us maximum opportunities going forward." UBM
will continue to innovate on the Web and in virtual and live events, and to make
selective acquisitions, he said. "Because we have been prudent managers of our
balance sheet to date, our strong balance sheet gives us the opportunity to make
acquisitions—and, clearly, pricing is getting more attractive," he said.
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