Appoints Philip Evans as Interim President and CEO
SAN JUAN CAPISTRANO, Calif.--(BUSINESS WIRE)--
Emerald Expositions Events, Inc. (NYSE:EEX) (“Emerald” or the
“Company”), a leading U.S. business-to-business trade show, event, and
conference producer, today announced that, with the agreement of the
Company’s Board of Directors (the “Board”), David Loechner has resigned
his position as President and Chief Executive Officer and as a member of
the Board, effective as of the close of business on November 8, 2018.
With the assistance of an executive search firm, the Board has commenced
the search for a permanent successor to Mr. Loechner. Philip Evans,
Chief Financial Officer, has been appointed by the Board of Directors as
Interim President and Chief Executive Officer, effective as of the close
of business on November 8, 2018 and until a permanent replacement is
named. Mr. Loechner will stay on with the Company as an employee through
December 31, 2018 and will work closely with Mr. Evans and the
leadership team to ensure a smooth transition.
David Loechner said, “After more than 35 years with Emerald and its
predecessor companies, this was a difficult decision to make. However, I
believe that the Company is well positioned in its industry and its end
markets, and this is the right time for me to retire from Emerald. It
has been an honor and privilege to lead the Company over the last eight
years and to have worked with so many talented people. Together we have
accomplished a great deal, and I look forward to working with Phil and
team, through the end of the year, to ensure the business transitions
smoothly.”
Kosty Gilis, Chairman of the Board, commented, “On behalf of the Board,
I would like to thank David for his leadership and numerous
contributions over the past five years as we successfully built Emerald
into the leading business-to-business trade show operator in the United
States. With David’s strategic vision and day-to-day management, we have
built a strong foundation consisting of a portfolio of industry leading
shows and events that position Emerald for continued success.”
Mr. Gilis continued, “We look forward to further improvements under a
new Chief Executive Officer who will lead the Company through the next
phase of growth. The Board and Emerald remain committed to delivering
long-term value to our shareholders through solid execution on all
aspects of our operating model, including profitable organic growth and
strategic M&A. Phil, together with his strong and experienced management
team, will work closely with me and the Board to make this leadership
transition seamless for our customers, shareholders and employees.”
Mr. Evans has served as Emerald’s Chief Financial Officer since 2013 and
has over 30 years of experience in financial and leadership roles.
Additionally, Mr. Evans played a critical role in leading the Company
through its successful initial public offering in April 2017. Prior to
joining Emerald, Mr. Evans served as CFO for several companies, most
recently ProQuest, a leading provider of online information to
researchers.
About Emerald Expositions
Emerald is the largest operator of business-to-business trade shows in
the United States by net square feet (“NSF”), with most of our trade
shows dating back several decades. Emerald currently operates more than
55 trade shows, as well as numerous other events. In 2017, Emerald’s
events connected over 500,000 global attendees and exhibitors and
occupied over 6.9 million NSF of exhibition space.
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Emerald Expositions Events, Inc.
Philip Evans, Chief
Financial Officer
1-866-339-4688 (866EEXINVT)
Investor.relations@emeraldexpo.com
Source: Emerald Expositions Events, Inc.