Cleveland –David Nussbaum, 46, will move up to CEO of Penton Media on July 1st , replacing Tom Kemp, who will be leaving the company after a brief period. The announcement was made this morning. Nussbaum, who joined the company six years ago, had been an Executive VP of Penton Media, Inc. and President of Penton’s Technology & Lifestyle Media Division, which generates more than half of Penton’s revenues and operating cash flow. Nussbaum had been in charge of New Hope Natural Media, Penton Media Europe, the IT Media Group, the Electronics OEM Group, and the Business Technology Group. He served on Penton’s Board of Directors from May 2000 through April 2003.
During Tom Kemp’s eight-year career with Penton, he steered the company through the best and worst of times – the glory years of the tech boom followed by its implosion, the recession and terrorism’s impact on the trade show industry. (See “Behind the News: Kemp Leaves a Legacy of Success and Survival at Penton” at www.tradeshowexecutive.com and click on “The Vault.” ) Kemp has not announced his future plans.
Nussbaum joined Penton in 1998 after an 18-year career with Miller Freeman, Inc. At the time of his departure, Nussbaum was a Senior VP of Miller Freeman responsible for its New York Division, which included over 25 trade magazines and 25 trade shows.
Nussbaum’s appointment resulted from a national search conducted by The Cheyenne Group under the direction of a special committee of independent directors of the company. Nussbaum’s inside knowledge of the company and its markets, his extensive experience in BtoB media, and his strategic vision for Penton’s future gave him the edge.