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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. |
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. |