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McGraw-Hill Education today announced the appointment of David Levin as the company’s president and chief executive officer. Mr. Levin, 51, is currently the chief executive of UBM, a multinational media company headquartered in London. He begins his tenure in April 2014
Mr. Levin will be based in New York City and succeed Lloyd G. “Buzz” Waterhouse, who joined the company as its president and CEO in June 2012 and who recently announced his retirement. Mr. Waterhouse will remain on the company’s board of directors after he steps down as CEO.
The appointment comes as McGraw-Hill Education continues its transformation as a leader in digital learning and growth as a standalone, global company. In March 2013, funds affiliated with Apollo Global Management, LLC (NYSE: APO) purchased McGraw-Hill Education from The McGraw-Hill Companies (now McGraw Hill Financial).
“David is an exceptional choice to lead McGraw-Hill Education into its next chapter of digital transformation and global growth, ” said Mr. Waterhouse. “His strong record of leadership, combined with his experience in managing large international technology companies, makes him the ideal candidate to further McGraw-Hill Education’s growth domestically and abroad.”
Over his nearly nine years leading UBM, Mr. Levin reoriented the company’s business mix toward emerging markets while growing its U.S. revenues. Mr. Levin also shifted UBM’s business models away from print and toward live events and online communities and renewed the company’s culture, fostering an open, collaborative and social environment. Under his leadership, UBM realigned its portfolio through more than 100 acquisitions.
“I’m really excited to be joining McGraw-Hill Education at such a pivotal point for both the company and the education industry, ” said Mr. Levin. “There is no doubt that the revolution in technology is accelerating and driving companies and business models to evolve. In just a few short years, McGraw-Hill Education has made great strides in its transformation from a textbook publisher to a digital learning solutions company.”
Prior to his tenure at UBM, Mr. Levin was chief executive of Symbian Software, a U.K based software group that built the operating system to power the first generation of smartphones. He has also served as chief executive of Psion PLC, a London-based consumer and business technology company, and as chief operating officer and finance director of Euromoney Institutional Investor PLC, one of Europe’s largest business and financial magazine publishers. Mr. Levin also served for seven years as a non-executive on the Finance Committee of the Oxford University Press.
Mr. Levin received his bachelor’s degree in politics, philosophy and economics from Oxford University and his M.B.A. from Stanford University.
About McGraw-Hill Education
McGraw-Hill Education is a digital learning company that draws on its more than 100 years of educational expertise to offer solutions that improve learning outcomes around the world. The Company has offices across North America, India, China, Europe, the Middle East and South America, and makes its learning solutions available in more than 60 languages.