Archie norman brexit
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Archie Norman
Archibald John Norman (born 1 May 1954), known as Archie Norman, is a businessman and former Conservative politician. He is best known for what Management Today calls his 'legendary years' at Asda during the 1990s when he cut 5,000 jobs and created enormous profits and growth for the company. It was later sold to Walmart for £6.5 billion, giving shareholders a 1,000 per cent return. [1] He is a co-founder of Policy Exchange and its now defunct sister organisation CChange and is currently Chairman of ITV.
Education and business career
Norman attended the elite British public school Charterhouse[2] and then Emmanuel College, Cambridge, where he studied economics. After graduating in 1975 he joined Citibank, where he worked until 1977. He was awarded an MBA in economics from Harvard Business School in 1979 and joined the management consultancy company McKinsey[3] where he was appointed the company's youngest partner at the age of 29. [4]
In 1986 he was appointed finance director of Woolworth Holdings plc (later renamed
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Archie Norman is one of Britain’s leading businessmen with a long term track record of business change and value creation. He has led transformations of major British businesses in the UK and abroad, served on the Boards of several others, and built strong management teams who are now in leading positions in several major British companies. Archie has also served as a Member of Parliament for eight years and worked at the highest level in British politics.
Archie was a member of a three strong team that established and built Kingfisher plc in the 1980s to become Britain’s leading general merchandise retailer. In 1991 he took over as Chief Executive of Asda. Over the subsequent eight years the business was transformed into the second largest supermarket group before being sold to Wal-Mart for an eight times multiple of the starting share price. In 2002, Archie acquired Energis, Britain’s third largest telecoms business, on behalf of the creditor banks and over four years refocused and rebuilt the business before agreeing a sale to Cable and Wireless for double the original enterp
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Archie Norman
British businessman and politician
For the paediatrician, see Archie Norman (paediatrician). For the footballer, see Archie Gorman.
Archibald John Norman (born 1 May 1954) is a British businessman and politician. He is the only person to have been chairman of an FTSE 100 company and a Member of the House of Commons (MP) at the same time.[1] From January 2010 to January 2016, Norman was the chairman of ITV plc. He succeeded Robert Swannell as chairman of Marks & Spencer in September 2017.
Early life and education
Born the second of five sons of two doctors,[1] Archie Norman was educated at Charterhouse, the University of Minnesota, Emmanuel College, Cambridge and (after a short period at Citigroup), at Harvard Business School, where he obtained an MBA.[2]
Career
Business career
Norman joined McKinsey & Company on graduation, where William Hague (future British Foreign Secretary) was one of his protégés.[3] He was the youngest-ever partner at McKinsey aged 28.[4] He then held
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