Press Release: Paul Miller Joins Penton as Group President
NEW YORK, April 23, 2015 - Penton, an innovative professional information services company, today announced that Paul Miller has joined the company as Group President with responsibility for a broad portfolio that includes energy and buildings, design engineering and sourcing, and manufacturing and supply chain markets.
Penton continues to attract top leadership talent with critical skill sets in progressive information services capabilities. Nearly 50% of Penton's staff has joined in the past three years, and the influx of talent has supported double-digit growth in Penton's digital/data information, events/networking and marketing services businesses. These now represent Penton's largest sources of revenue and EBITDA.
"Paul has a keen ability to grow businesses, both organically and via acquisition," said David Kieselstein, CEO. "He's an inventive leader with a strong strategic vision, exceptional digital knowledge and the ability to help us develop and expand our business in new and compelling ways."
As the former CEO of UBM Tech, Mr. Miller drove the $200 million business unit's expansion into digital content and services, as well as international expansion into Europe, Asia and Latin America. Prior to UBM Tech, he served as CEO of UBM Electronics. He started his career with Reed Business Information. Mr. Miller will be based in Penton's new San Francisco office reporting to David Kieselstein.
"Penton is a leader in information services, and the company has spearheaded myriad industry advancements over the last several years," said Miller. "I'm truly honored to join an exceptional management team, and I'm eager to leverage my background and experience to engage users and take these businesses to the next level."
Mr. Miller will be replacing Bob MacArthur, who is retiring after an exceptional 24-year career with Penton, where his contributions have been instrumental in helping the company evolve and expand.
Penton is an innovative professional information services company focused on creating comprehensive platforms to uniquely serve high-growth industry sectors. Penton's live event, digital/data and marketing services businesses represent the business's largest and fastest growing sources of revenue and profit.
Penton's advantage is three-fold: a deep understanding of its market verticals, relationships with 18 million decision-makers based on their expressed needs and behaviors, and scaled capabilities that create engaging and valuable professional information.
The company's growth strategy includes acceleration of new product launches, organic revenue growth via centralized best practice teams, and highly strategic acquisitions that extend Penton's leadership position in its five core industry sectors.
Penton is a growth company with a track record of strong performance and success and is backed by its co-owners: MidOcean Partners and U.S. Equity Partners II, an investment fund sponsored by Wasserstein & Co., LP.