COBBOLD was back at the helm of UBM yesterday after his absence from the events group left the company rudderless since January.
The chief executive has taken the past two months off due to an unspecified operation.
However, the timing was less than ideal as it coincided with the absence of the company chairman Dame Helen Alexander.
Alexander, who was also undergoing an unspecified operation, is due back this month.
Their absence has had little impact on investor sentiment, with shares in the company climbing steadily since their departures despite weak 2014 results.