Los Angeles—Charles McCurdy, CEO of Apprise Media and chairman of Canon Communications, will add the additional role of CEO of Canon. He will succeed William Cobert, who is leaving to pursue other professional interests.
Apprise, which is backed by private equity firm Spectrum Equity Investors, acquired Canon in May 2005 as a springboard for b-to-b investments. “My expectation is Charlie will be looking for some sizable acquisitions to add onto Canon,” said Richard Mead, managing director of media investment bank Jordan, Edmiston Group. “The wicked side of me says Charlie has been angling for a job in the sun, and I’m sure he’ll fit very well in la-la land.”
McCurdy, a co-founder of Primedia, told BtoB: “Our goal is to continue the organic growth path the company has been on and look for selective acquisitions that would expand our position in some very attractive markets.” He added he has no plans to divest any Canon properties.
Canon, which was founded in 1979, serves the medical device, pharmaceutical, nutraceutical, specialty packaging, electronics, semiconductor fabrication, plastics processing and other advanced technology markets. Its key properties include devicelink.com, Medical Device & Diagnostics Industry and the Medical Design & Manufacturing trade show. Canon was first sold in 1996 to Veronis Suhler Stevenson
Mead predicted that after he takes a break, “Cobert will come back to the b-to-b world, he just won’t compete with Canon.” Cobert joined Canon in 1980 and held several management positions before becoming president-CEO in 1996.