Industry Moves: RBI CEO Van De Aast Quits, Sell-Off Remains Unresolved

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The CEO of B2B publisher Reed Business Information, Gerard van de Aast, is to step down next month and will relinquish his positions on the boards of both RBI and parent company Reed Elsevier (NYSE: RUK), throwing even more uncertainty on the former’s planned divestment from the latter. From December 15, RBI

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David Graham

This is disappointing given the precarious position the sale of RBI is currently in.
An event like this SHOULD have been anticipated by the fools at UBS and proactively addressed beforehand.

Nonetheless, the sale of RBI is a "must do" for Reed for several reasons. At this stage it behooves them to take whatever price they can get just to unload the overhead. As more and more publishing moves to the web a massive alteration to the physical print industry will occur (is occurring). Reed needs to get out now. Others will be able to reposition their physical print assets through focused strategic action . . . something RBI was inept at doing.

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