Digital learning company McGraw-Hill Education, US, has announced the appointment of David Levin as the company's president and chief executive officer. Levin is currently the chief executive of UBM, a multinational media company headquartered in London, and brings a wealth of experience in leading public and private companies in the fields of media and technology.
He will be based in New York City and succeed Lloyd G. "Buzz" Waterhouse, who joined McGraw-Hill Education as its president and CEO in June 2012 and who recently announced his retirement. Waterhouse will remain with the company until Levin begins his tenure in April 2014 and will remain on the company's board of directors after he steps down as CEO.
The appointment of Levin as CEO 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).
Over his nearly nine years leading UBM, Levin reoriented the company's business mix toward emerging markets while growing its US revenues. He 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.
