NEW YORK, Jan. 13, 2014 /PRNewswire/ -- 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, 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. Mr. Waterhouse will remain with the company until Mr. 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 Mr. 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).
" David Levin stood out from the exceptional group of executives identified in our search because of his unique combination of extensive international experience, demonstrated track record leading a digital transformation at UBM, stellar leadership skills, financial acumen and passion for education. It gives me great pleasure to announce his appointment as CEO," said Larry Berg, senior partner at Apollo Global Management. "We are confident that David will lead the entire McGraw-Hill Education team in accomplishing its shared objective of making the company the leading provider of powerful and innovative digital learning solutions on a global scale."Mr. Berg added: "I also want to acknowledge the accomplishments of Buzz Waterhouse, who built a solid foundation of operational excellence as he led the company through a complicated corporate carve-out, strengthened management with distinguished hires and helped set the strategic direction for the business."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV