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Sir John Harvey-Jones dies at 83 | Sir John Harvey-Jones dies at 83 |
(20 minutes later) | |
Former chairman of chemicals firm 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 was also 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 pre-tax profit of more than £1bn. | |
'Bold decisions' | |
The chemicals firm was struggling when Sir John became chairman, prompting him to embark on a significant restructuring scheme. | The chemicals firm was struggling when Sir John became chairman, prompting him to embark on a significant restructuring scheme. |
Sir John became the acceptable face of capitalism through his television programme Richard Lambert, director general, Confederation of British Industry | |
One of his strategies was to focus on a limited number of businesses at the firm, by selling off some of its non-core operations. | |
"He brought a sense of adventure and dynamism to the bureaucracy of ICI and made some bold decisions," said Richard Lambert, director general of the Confederation of British Industry. | |
But it was his television show, broadcast in the 1990s, that made him known by the wider public. | |
"He subsequently became the acceptable face of capitalism through his television programme and brought the world of business to millions in an accessible way." | |
Sir John was awarded the title of Industrialist of the Year for the third consecutive year in 1988. | |
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. |