The second entry in the popular FT Alphaville Guide to Non-executive Directors Who Appear to have Nodded Off.
The American Leisure Group – Non-executive directors
Sir David Garrard, Non Executive Chairman (aged: 68)
Sir David, who is a Fellow of the Royal Institute of Chartered Surveyors, has been engaged in the real estate sector, originally as a consultant and then as a Principal, for over forty years. Having acquired and taken private the publicly quoted Land Investors plc in the late eighties, he repositioned the company and expanded its activities, undertaking the development of such buildings as the United Bank of Kuwait headquarters in the West End and the Bayerische Landesbank Headquarters in the City. Two years later, having repaid all debt arising from the original acquisition of the company, he received an offer to sell the holding company and sold his stake, founding Minerva Plc. Sir David became the Chairman of, Minerva and, prior to its flotation on the London Stock Exchange in 1996, the company was one of the largest privately owned pure commercial property investment companies in England.
Roger Maddock, Non Executive Director (aged: 56)
Mr. Maddock, FCA, was Chairman and a Principal Shareholder of Worthy Trust Company in Jersey from 1984 until it was sold to the Allied Irish Bank Group in 1999. He remained with Allied Irish Bank (CI) Limited acting as a non executive director until 2005. In 2005 he became Chairman of Development Capital Management Jersey Limited (DCMJ), a fund manager specialising in property finance, and is a director of four AIM listed funds managed by DCMJ.
Rupert Faure Walker, Independent Non Executive Director (aged: 59)
Mr. Faure Walker is a Managing Director of Investment Banking at HSBC Bank plc. In 1977, he joined the Corporate Finance division of Samuel Montagu & Company Limited (subsequently became HSBC Investment Bank). He was Head of Corporate Finance from 1993 to 1998. For the last 30 years he has been extensively involved in advising companies on mergers and acquisitions, IPOs and capital
raising.
David Mace, Independent Non Executive Director (aged: 52)
David Mace has been involved in developing businesses internationally over the last 25 years. In 1987, he led the management buyout of Sea Life Centre (Holdings) Ltd, through to its subsequent flotation in 1992 as Vardon plc, the leisure group. He has served as a non-executive director of private and venture
capital backed companies in France and the UK and has also acted as management consultant to businesses in Europe, the Far East and New Zealand. He is a non-executive director of GW Pharmaceuticals plc, Lookers plc, Inspired Gaming Group plc and Vectrix Corporation and BlueStar SecuTech Inc.
What were they thinking?
Related Link:
Stanford’s Aim foray – FT Alphaville