Rocketing to the top
Friday 30 June 1995
At the time, he was the youngest chief executive of a big public company. Last year he was paid pounds 470,000 and his Asda share options are worth pounds 2.5m.
With boyish good looks and an affable manner, the chief executive job was the culmination of a sparkling career. His route to the top began with an MBA at Harvard, followed by spells at Citibank and McKinsey, the management consultant. Then followed a move to Woolworths - later renamed Kingfisher - as finance director in 1986.
Since his departure Kingfisher has fallen on hard times while Asda has picked up the mantle of recovery story.
There is little of the eighties excesses about the man who lists his recreations in Who's Who as farming, fishing and opera. Low-key, softly- spoken and charming, he has been described as more like a Conservative politician than a thrusting entrepreneur.
Taking the Asda job was a gamble - though, as a City analyst said at the time - a calculated one. "If he fails, he can say it was a hopeless situation and nothing could be done; if he succeeds, he could cash in his options and retire."
Serena Williams apologises after comment that rape victim 'shouldn't have put herself in that position'
Bankers could face jail after report urges the Government to introduce new criminal offence for reckless management
Feat of engineering: Incredible photographs show construction beneath New York's Second Avenue
World news in pictures
Google challenges US surveillance gagging order
- 1 Serena Williams apologises after comment that rape victim 'shouldn't have put herself in that position'
- 2 Disability campaigners celebrate 'victory' after government rethink over plans to make it more difficult to claim disability benefits
- 3 Bankers could face jail after report urges the Government to introduce new criminal offence for reckless management
- 4 Breaking the Silence: In the reality of occupation, there are no Palestinian civilians – only potential terrorists
- 5 We never knew Nigella Lawson - and we still don’t
iJobs Money & Business
£500 - £600 per day: Orgtel: FX Options Front Office Java / C# Developer - Ba...
£600 - £700 per day: Orgtel: Project Manager - Front Office - Regulatory IT C...
£600 - £750 per day: Orgtel: FATCA Project Manager - Banking - London - £600-...
£550 - £600 per day: Orgtel: Fidessa Analyst / PM - Banking - London - Up to £...