Iain Vallance, Baron Vallance of Tummel

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Iain Vallance, Baron Vallance of Tummel

Iain David Thomas Vallance, Baron Vallance of Tummel , FRSA (born May 20, 1943 ) is a British civil servant, economic manager and politician of the Liberal Democrats and has been a member of the House of Lords since 2004 .


Studies and manager of the Royal Mail

After visiting the Edinburgh Academy , the Dulwich College and the Glasgow Academy Vallence began studying subjects English language and English literature at Brasenose College of the University of Oxford , which he with a 1965 Bachelor of Arts graduated.

He then began his professional career in 1966 as an employee of the Royal Mail , the British postal service, for which he worked until 1981. There, after completing a postgraduate degree in business administration at the London Business School (LBS) of the University of London , which he completed in 1972 with a Master of Business Administration (MBA), he became director of the central finance department in 1976. He was then director of telecommunications finance from 1978 to 1979 and, most recently, director of the materials department between 1979 and 1981.

Promotion to CEO of British Telecom and resignation

After completing his work at Royal Mail, Vallance moved in 1981 to British Telecom, which was privatized in 1984 and renamed BT Group in 1991 . After four years in the finance department, he became Chief Operating Officer (COO) in 1985 and finally Chief Operating Officer (CEO) between 1986 and 1995. At the same time Vallance was the 1994 Knight Bachelor was, from 1987 to 2001 CEO of the company before it due to numerous calls for his resignation on the part of shareholders , not least because of that in March 2000 dot-com bubble burst bubble , the loss in value of shares and debt of the company, resigned in 2001. He then held the honorary post of President of the BT Group until 2002. Successor as CEO of the BT Group was then the previous chairman of the BBC Board of Governors , Christopher Bland .

Further functions in the private sector

In addition to his work for British Telecom, he was a member of the Executive Committee since 1988 and President of the Executive Committee of the Confederation of British Industry (CBI) employers' association between 2000 and 2002 . In addition, from 1988 to 1996 he was a member of the European Foundation for Quality Management , which developed the EFQM model , and from 1991 to 2002 a member of the International Advisory Board of the British -American Chamber of Commerce and also from 1995 to 2005 Chairman of the European Advisory Committee of New York Stock Exchange (NYSE).

Furthermore was Vallance, who since 1996 member of the International Advisory Board of Allianz SE is from 1998 to 2001 on the board of Scottish Enterprise , an independent agency of the government of Scotland to promote economic development, enterprise, innovation and investment in Scotland, and between 2001 and 2002 Vice-Chairman of the Financial Reporting Council .

Vallance, who was both Chairman of the European Services Forum (ESF) and a member of the European Advisory Council of the investment bank N M Rothschild & Sons between 2003 and 2008 , has also been a member of the Siemens Supervisory Board since 2003 .

House of Lords

On June 22, 2004, he was raised to the nobility by a letters patent as a life peer with the title Baron Vallance of Tummel , of Tummel in Perth and Kinross . On 8 September 2004 on its introduction (carried Introduction ) as a member of the House of Lords .

During his membership in the upper house, he was so far from June 2005 to July 2007 spokesman for the faction of the Liberal Democrats for Trade and Industry and then between July 2007 and May 2010 spokesperson on Business, Enterprise and Regulatory Reform.

Lord Vallance, who is currently chairman of the board of the computer services companies Amsphere Consulting Ltd and Amsphere Ltd , is also active as chairman of the board of the former Royal Scottish Academy of Music and Drama (RSAMD), renamed the Royal Conservatoire of Scotland , and as vice-president of the Princess Royal Trust for Carers . He is also a Fellow of the Royal Society of Arts .

Web links

Individual evidence

  1. ^ Vallance resigns from BT . In: BBC News, April 26, 2001