Ian Gibson (businessman)
Encyclopedia
Sir Ian Gibson is a British businessman and a former non-executive director
of Northern Rock
, a bank in the United Kingdom, at the time of the its nationalisation
after the first bank run
in over a century. He is the chairman of Wm Morrisons
plc and of the newspaper group Trinity Mirror
, owners of the Daily Mirror and a stable of regional publications.
Gibson was born in Manchester
and has a degree in applied physics from UMIST
.
He started his career with the Ford Motor Company
in 1969, working in the UK at Ford’s Hazelwood plant and at its sister assembly in Germany, Saarlouis Body & Assembly
. In 1982 he left Ford and joined their rivals Nissan Motors
where he became President of Nissan Europe (1999–2000). He was made a CBE
in 1990 and knighted in 1999.
After the run on Northern Rock, the then chairman of Northern Rock the Hon Matt Ridley
, chief executive Adam Applegarth
and fellow non-exec Sir Derek Wanless
were summoned before the House of Commons Treasury Select Committee and were asked by MP Michael Fallon
whether any of them “know what’s happening at their own bank” and “Has no one any sense of honour?”.
He has been twice married and divorced, firstly to Joy Musker, with whom he has two daughters and secondly to Sue Wilson, with whom he has a son. He currently lives in York with his partner Jane Blackburn.
Non-executive director
A non-executive director or outside director is a member of the board of directors of a company who does not form part of the executive management team. He or she is not an employee of the company or affiliated with it in any other way...
of Northern Rock
Northern Rock
Northern Rock plc is a British bank, best known for becoming the first bank in 150 years to suffer a bank run after having had to approach the Bank of England for a loan facility, to replace money market funding, during the credit crisis in 2007. Having failed to find a commercial buyer for...
, a bank in the United Kingdom, at the time of the its nationalisation
Nationalisation of Northern Rock
In 2008 the Northern Rock bank was nationalised by the British Government, due to financial problems caused by the subprime mortgage crisis...
after the first bank run
Bank run
A bank run occurs when a large number of bank customers withdraw their deposits because they believe the bank is, or might become, insolvent...
in over a century. He is the chairman of Wm Morrisons
Morrisons
Wm Morrison Supermarkets plc is the fourth largest chain of supermarkets in the United Kingdom, headquartered in Bradford, West Yorkshire, England. The company is usually referred to and is branded as Morrisons formerly Morrison's, and it is part of the FTSE 100 Index of companies...
plc and of the newspaper group Trinity Mirror
Trinity Mirror
Trinity Mirror plc is a large British newspaper and magazine publisher. It is Britain's biggest newspaper group, publishing 240 regional papers as well as the national Daily Mirror, Sunday Mirror and People, and the Scottish Sunday Mail and Daily Record. Its headquarters are at Canary Wharf in...
, owners of the Daily Mirror and a stable of regional publications.
Gibson was born in Manchester
Manchester
Manchester is a city and metropolitan borough in Greater Manchester, England. According to the Office for National Statistics, the 2010 mid-year population estimate for Manchester was 498,800. Manchester lies within one of the UK's largest metropolitan areas, the metropolitan county of Greater...
and has a degree in applied physics from UMIST
UMIST
The University of Manchester Institute of Science and Technology was a university based in the centre of the city of Manchester in England. It specialised in technical and scientific subjects and was a major centre for research...
.
He started his career with the Ford Motor Company
Ford Motor Company
Ford Motor Company is an American multinational automaker based in Dearborn, Michigan, a suburb of Detroit. The automaker was founded by Henry Ford and incorporated on June 16, 1903. In addition to the Ford and Lincoln brands, Ford also owns a small stake in Mazda in Japan and Aston Martin in the UK...
in 1969, working in the UK at Ford’s Hazelwood plant and at its sister assembly in Germany, Saarlouis Body & Assembly
Saarlouis Body & Assembly
The Ford Saarlouis body and assembly plant is a major car plant located on the western edge of Saarlouis in the German Saarland. It belongs to Ford of Germany, the German subsidiary of the American automaker Ford Motor Company.-Origins:...
. In 1982 he left Ford and joined their rivals Nissan Motors
Nissan Motors
, usually shortened to Nissan , is a multinational automaker headquartered in Japan. It was a core member of the Nissan Group, but has become more independent after its restructuring under Carlos Ghosn ....
where he became President of Nissan Europe (1999–2000). He was made a CBE
CBE
CBE and C.B.E. are abbreviations for "Commander of the Order of the British Empire", a grade in the Order of the British Empire.Other uses include:* Chemical and Biochemical Engineering...
in 1990 and knighted in 1999.
After the run on Northern Rock, the then chairman of Northern Rock the Hon Matt Ridley
Matt Ridley
Matthew White Ridley, FRSL, FMedSci is an English journalist, writer, biologist, and businessman.-Career:...
, chief executive Adam Applegarth
Adam Applegarth
Adam J. Applegarth was the Chief Executive Officer of the Gosforth, Newcastle upon Tyne based Northern Rock bank, one of the first victims of the so-called subprime mortgage crisis...
and fellow non-exec Sir Derek Wanless
Derek Wanless
Sir Derek Wanless is an English banker and adviser to the United Kingdom Government.He was educated at the Royal Grammar School in Newcastle, has an MA in Mathematics from King's College, Cambridge which he attended on a support grant from Westminster Bank...
were summoned before the House of Commons Treasury Select Committee and were asked by MP Michael Fallon
Michael Fallon
For the American Physician / Candidate for U.S. House of Representatives see Mike FallonMichael Cathel Fallon is a British Conservative Party politician. He is the Member of Parliament for Sevenoaks, and as of September 2010 the deputy Chairman of the Conservative Party.-Early life:Michael Fallon...
whether any of them “know what’s happening at their own bank” and “Has no one any sense of honour?”.
He has been twice married and divorced, firstly to Joy Musker, with whom he has two daughters and secondly to Sue Wilson, with whom he has a son. He currently lives in York with his partner Jane Blackburn.