David Loechner Resigns As President and CEO of Emerald Expositions
David Loechner has stepped down as president and CEO of Emerald Expositions and as a member of the company’s Board of Directors, effective as of the close of business on November 8.
Emerald CFO Philip Evans will serve as interim president and CEO until a permanent replacement is chosen, while Loechner will stay on with Emerald as an employee through December 31, working closely with Evans and the company’s leadership team to ensure a smooth transition.
“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,” Loechner said.
He continued, “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.”
With the assistance of an executive search firm, the Board has commenced the search for a permanent successor to Loechner, according to Emerald officials.
Emerald Board Chairman Kosty Gilis credited Loechner’s strategic vision and day-to-day management with enabling Emerald to build a strong portfolio of industry-leading shows and events that have positioned the B2B events company for continued success.
“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,” Gilis said.
He 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.”
With more than 30 years of experience in financial and leadership roles, Evans has served as Emerald’s CFO since 2013 and has played a critical role in leading the company through its successful initial public offering in April 2017.
Prior to joining Emerald, he served as CFO for several companies, most recently ProQuest, a provider of online information to researchers.