PARIS — Reed Midem CEO Xavier Roy will step down as head of the fest organizer in January after 13 years, leaving managing director Paul Zilk to succeed him.
Roy said Wednesday he had “a passionate adventure” with the company, which runs TV markets Mipcom and MipTV, and music confab Midem. He will remain as a special adviser to the board of directors.
Roy, who handpicked Zilk in 2001, said he was “convinced that he had found the professional who will continue to develop and make the company prosper.”
When Zilk was hired, Roy made it clear that the 44-year-old American would succeed him. Zilk came to the company after working for Swiss group Nestle.
“Although we have had different career paths, we have the same values,” Roy said of Zilk. “Paul will be capable of understanding the specifics of our organization … while benefiting from an international and diversified experience.”
Roy said he felt that he had obtained many of his objectives for Reed Midem since its creation in 1989 with the merger of the Midem Organization and Reed Exhibitions. “I set out to develop the international and qualitative aspects of our markets, but also to diversify our activities, adapting formats that had been successful for us in music and television to other professional sectors,” Roy said.
During his time as topper of Reed Midem, whose owner Reed Elsevier is also the parent of Daily Variety, Roy expanded the business’s platforms to include fests and marts in the educational and tech sectors.
Since its inception, the number of marts represented by the company has gone from three to nine and sales jumped from €12.2 million ($11.3 million) in 1989 to $70.4 million in 2001.