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UBM plc Forms UBM Americas Division
LONDON, September 3, 2014 /PRNewswire/ --
UBM plc announces the formation of UBM Americas, which consolidates UBM's events-led marketing services businesses in North and South America into a single organisation with a streamlined management structure. PR Newswire is unaffected by this change. UBM Americas will be headquartered in New York and led by Sally Shankland. Sally was previously CEO of UBM Connect, UBM's non-technology-related business in the US and Mexico. The integration of UBM Tech and UBM Connect will commence immediately, with UBM Brazil following in January 2015.
Generating revenues of approximately $355m and employing 800 staff in 14 locations, UBM Americas will serve a range of professional and commercial communities such as Information Technology, Electronics, Games, IT Security, Advanced Manufacturing, Healthcare, Catering, Construction, Cruise Shipping, and Fine Chemicals.
UBM Americas will be focussed on delivering long term profitable growth as well as improving effectiveness and efficiency. The new structure will allow each of the constituent business units to focus more closely on its respective commercial and professional communities whilst benefitting from an efficient standardised infrastructure able to take advantage of scale economies, best practices and execution excellence.
The formation of UBM Americas completes the restructuring of UBM's events-led marketing services activities along geographical lines, with UBM Americas operating alongside UBM Asia and UBM Live (which operates in Europe, the Middle East, and Africa).
Tim Cobbold, UBM plc's Chief Executive Officer said: "The formation of UBM Americas will help the events-led marketing servics business in the US grow to its potential, leverage scale and allow smarter community insights, audience analytics and product development. Doing those things better equips UBM to be more innovative and more agile in serving the commercial and professional communities of which we are part."
Notes to Editors
About UBM plc
UBM plc is a leading global events-led marketing services and communications company. We help businesses do business, bringing the world's buyers and sellers together at events, online and in print. Our 5,000 staff in more than 20 countries are organised into specialist teams which serve commercial and professional communities, helping them to do business and their markets to work effectively and efficiently.
Forward looking statements
This press release contains statements which are not based on current or historical fact and which are forward looking in nature. These forward looking statements reflect knowledge and information available at the date of preparation of this press release and the Company undertakes no obligation to update these forward looking statements. Such forward looking statements are subject to known and unknown risks and uncertainties facing the Group including, without limitation, those risks described in this press release, and other unknown future events and circumstances which can cause results and developments to differ materially from those anticipated. Nothing in this press release should be construed as a profit forecast.
Peter Bancroft, Director of Communications
Direct telephone: +44(0)20-7921-5961
Chantal Bradford, Investor Relations Manager
Direct telephone: +44(0)20-7921-5943
SOURCE UBM plc
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