Active Interest Media said company founder Efrem “Skip” Zimbalist III is retiring as CEO of Show Management, although he will continue as non-executive chairman of the board of AIM.
His retirement coincides with the recently announced sale of Show Management to Informa PLC.
“I’ll be consulting with Informa for several months, so I’ll be around a little longer,” Zimbalist told Trade Only Today. “And as a boater, I’ll be around forever.”
London-based Informa bought Show Management from AIM in a sale that was announced Thursday.
“It has been my distinct honor to lead the gifted team at Show Management,” Zimbalist said in a statement. “Each year they create marine cities that are home to thousands of boats and exhibitions and visited by hundreds of thousands of boaters from around the world. My hat is off to them for their ability to flawlessly execute the shows every year.”
He told Trade Only Today that he is happy to maintain the chairman’s role for AIM, which owns Soundings Trade Only.
“While my role at AIM will change, my passion for the company, its employees and its industry partners will not. With this new change I look forward to spending more time with my wonderful wife, Paula, my four children, four grandchildren and cruising the ocean,” Zimbalist also said in the statement.
In 2015 Zimbalist and the board appointed Andrew Clurman as CEO. Zimbalist subsequently became executive chairman.
“Over the many years we have spent first building Times Mirror Magazines and later Active Interest Media, Skip has been an extraordinary mentor, partner and friend,” Clurman said. “His passion for growing businesses and the communities they serve remain at the core of our purpose and our success. I’m grateful Skip will remain on our board and participate in AIM’s next phase.”
“Skip has been a terrific partner and loyal friend since our first discussions in the early 2000s about starting a company,” said Jim TenBroek, who has served as a director since the founding of AIM.
“His vision and leadership have been the standards around which the company was built, and as a result AIM is truly the leader among consumer media businesses.”
Zimbalist began his media career in 1972 with the management consulting firm McKinsey and Co. He then served as chairman and CEO of Correia Glass, a family-owned business, before becoming president and CEO of Times Mirror Magazines. In 1999 he was named CFO of Times Mirror Corp. He serves as vice chairman of MPA — The Association of Magazine Media.