Robb to head nuclear company
Thursday 18 May 1995
The appointment of Mr Robb, who is Scottish, is in line with the Government's aim of appeasing Scottish Nuclear, which has been vehemently opposed to a merger with Nuclear Electric. It is thought that John Collier and James Hann, respectively chairmen of Nuclear Electric and Scottish Nuclear, will be appointed deputy chairmen.
The Department of Trade and Industry refused to say how much Mr Robb will be paid or how many days a week he will be employed. He starts immediately as a consultant to the DTI while the company is being set up.
Mr Robb, who will now have to postpone his passions for golf, gardening and horse racing, resigned from Wellcome in March with a pounds 2m payoff after the pounds 9bn takeover of the company by the rival drugs business Glaxo.
After six years at the pharmaceuticals company, he left with pounds 950,000, representing two years' salary. In addition, shares and options netted him pounds 1.3m.
Mr Robb joined Wellcome in March 1989 as deputy chief executive. He had previously been with Beecham for 22 years, as managing director since 1988.
In 1990, he became chief executive and took over as chairman in 1993.
In the five years he ran the company, operating margins improved more than 10 percentage points to 31.5 per cent and sales of Zovirax, Wellcome's top-selling drug, continued to rise despite its age.
He remains a non-executive director of Allied Domecq, the drinks company, and De La Rue, the bank note printer.
More than anyone, Mr Robb has been credited with injecting a greater sense of commercialism into Wellcome.
- 1 Hair loss explained: How and why men go bald
- 2 Game of Thrones season 6: Jon Snow theorists believe the Stark may have a twin sister
- 3 Artist takes LSD, draws herself over different stages of the 9-hour trip to show its effects
- 4 A pint of water every day is the key to losing weight, scientists say
- 5 Russia 'accidentally reveals' number of its soldiers killed in eastern Ukraine
Most expensive city to live in for expatriates: Luanda, Angola takes number one spot with Hong Kong and Zurich in top three
Video of Irish 'professional boxer' fighting Istanbul neighbourhood goes viral in Turkey
Irish tourist filmed fighting with shopkeepers in Turkey says they 'messed with the wrong man'
House of Lords: Outcry as donors, fixers and MPs caught up in expenses scandal get peerages
Moody neurotics are more likely to be creative geniuses, study says
Dresden riots: Protesters in Germany attack refugee buses shouting 'foreigners out'
France train shooting: US soldiers speak of the moment they stopped gunman and 'beat him until he was unconscious'
Labour leadership: Jeremy Corbyn accused of 'deluding' young supporters with 'claptrap'
'Women only' train carriages: Jeremy Corbyn unveils radical move to tackle public harassment
Black holes are a passage to another universe, says Stephen Hawking
Iain Duncan Smith calls for urgent ESA overhaul as part of drive to cut down welfare costs
iJobs Money & Business
£13000 - £25000 per annum: Recruitment Genius: Would you like to be part of a ...
£20000 - £25000 per annum + competitive: SThree: Are you passionate about sale...
£25000 per annum + benefits: Ashdown Group: A large financial services company...
£20400 per annum: Ashdown Group: An established and highly reputable organisat...