ALM Hires Bill Carter As New President and CEO
Joins the company from Thomson Reuters where he headed small law business unit.
ALM has found its new president and CEO in Bill Carter, who replaces the departing William Pollak and who was most recently senior vice president of Thomson Reuters' Small Law Business Unit. Carter officially starts with the company today.
Pollak announced he was stepping down last November and his last day was February 10. He had been the company's president and CEO since 1998.
Before his tenure with Thomson Reuters, Carter held executive positions with LexisNexis, Epiq Systems, Gerson Lehrman Group and event logistics company GES Exposition Services.
In a statement, ALM non-executive chairman Charles Siegel says Carter's experience in the law market coupled with his digital chops make him a good fit for the company. "His leadership experiences in businesses serving our markets, especially, with the digital transformations, product development and value creation will help accelerate ALM's further growth and profitability."
Carter's appointment closes the loop on the third significant b-to-b CEO transition in the last couple months.
When Pollak announced his exit last November, Penton CEO Sharon Rowlands had also just departed, a month after Summit Business Media's Andy Goodenough did the same thing. All three chief executive positions are now filled: Penton hired David Kieselstein as CEO at the end of January and Summit Business Media tapped Steve Weitzner, who came over from Ziff Davis Enterprise last month, just after his company's assets were sold to online marketing and lead-gen company QuinStreet.
In 2007, London-based Incisive Media bought ALM for $630 million, but by 2008 struggled with its debt covenants and spun ALM off as a separate business in a deal that also cut ALM's debt from $450 million to $300 million.
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