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Sir John Harvey-Jones dies at 83 Sir John Harvey-Jones dies at 83
(20 minutes later)
Former chairman of ICI, Sir John Harvey-Jones has died, it has been announced.Former chairman of ICI, Sir John Harvey-Jones has died, it has been announced.
The 83-year-old died peacefully in his sleep following a long illness, his agent said.The 83-year-old died peacefully in his sleep following a long illness, his agent said.
Sir John became well known for his BBC show Troubleshooter in which he helped struggling businesses.Sir John became well known for his BBC show Troubleshooter in which he helped struggling businesses.
During his five years as chairman of ICI, he transformed the company from one making losses to one making a profit of more than £1bn. As chairman of ICI from 1982 to 1987, he transformed the company from one making losses to one making a profit of more than £1bn.
The chemicals firm was struggling when Sir John joined as chairman, prompting him to embark on a significant restructuring scheme.The chemicals firm was struggling when Sir John joined as chairman, prompting him to embark on a significant restructuring scheme.
By the time he left the post, profits had increased three-fold.By the time he left the post, profits had increased three-fold.
One of his strategies had been to focus on a limited number of businesses, by selling off some of its non-core operations.One of his strategies had been to focus on a limited number of businesses, by selling off some of its non-core operations.
Since then, however, ICI's outlook has changed significantly.Since then, however, ICI's outlook has changed significantly.
At the start of this year, Holland's Akzo Nobel announced the completion of its £8bn ($15.6bn) takeover of the Dulux paint maker.At the start of this year, Holland's Akzo Nobel announced the completion of its £8bn ($15.6bn) takeover of the Dulux paint maker.