London—David Levin, CEO of media company UBM since 2005, will step down from his post by the end of July 2014, the company announced today.
Levin will remain CEO while the company’s board conducts a search for a successor. “David remains in charge, and we are working closely together to ensure a good handover when the time comes,” said Helen Alexander, UBM’s chairman, in a statement.
In the statement, Levin said that UBM has completed more than 100 acquisitions and sold more than a dozen units in the past eight years. “I feel that it is the right time to look for my next challenge,” he said. “I look forward to the future and, in the meantime, it is business as usual.”