Did Informa’s spinners come up with this?
At the Telegraph, Damian Reece nails the weak-brained chat suggesting that David Levin, the chief executive of UBM, and Peter Rigby, chairman of Informa, might end up operating in tandem at the top of a merged company.
There’s even a suggestion floating around that Rigby might become executive chairman to Levin’s CEO.
That’s not going to happen. These days, executive chairmen are rarer than foie gras in Hackney. (Instead, they’re supposed to operate in a non-executive fashion, working as a go-between to link the CEO with investors.)
With the combined company destined for FTSE-100 status, Rigby’s job description will come under the spotlight. As Reece suggests, he should “take this opportunity to bow out with the applause of shareholders ringing in his ears”.