William McFadzean, Baron McFadzean

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William McFadzean, Baron McFadzean KT Kt (born December 17, 1903 in Stranraer , Wigtownshire , Scotland ; † January 14, 1996 in Bath , Somerset ) was a British economic manager and politician who was one of the most important economic managers from the 1950s to the 1970s Of Great Britain and became a member of the House of Lords in 1966 when Life Peer under the Life Peerages Act 1958 .

Life

Studies and CEO of BICC

McFadzean whose father traveler farmers in Scotland in the cheesemaking advised and in 1918 died, graduated after school education in Stranraer and the high school in Glasgow a degree in accounting at the University of Glasgow . After completing his studies, he joined the financial accounting company McLay, McAllister and McGibbon in Glasgow in 1922 before moving to the Glasgow-based accounting company Chalmers, Wade & Company in 1927 .

In 1932 McFadzean became head of accounting at the cable manufacturer British Insulated Cables (BIC) and became its financial secretary in 1937, before becoming its executive manager in 1942 and as such played a leading role in British war production during World War II . After the war ended in 1945 in a merger of British Insulated Cables and Callender's Cable and Construction Company to British Insulated Callender's Cables arrived (BICC), he was first as Executive Director Member of the Board, in 1947 deputy chairman and in 1950 Chief Executive Director. In the following years he acted as managing director from 1954 to 1961 and at the same time from 1954 to 1973 as chairman of the board of BICC, which today belongs to the Balfour Beatty company . Most recently, he became honorary president of BICC in 1973. During his many years there, he made a significant contribution to the company's growth as one of the leading British companies in the world market .

Activities for Midlands Bank and member of the House of Lords

In addition to his work at BICC, McFadzean, who was beaten to a Knight Bachelor's degree in 1960 and henceforth the suffix “Sir”, was also President of the British FBI ( Federation of British Industries ) between 1959 and 1961 . During this time he also began his engagement as chairman of the industrial associations in the European Free Trade Association (EFTA), founded on January 4, 1960, and as a co-founder of the European Export Council.

He also took on leading positions at Midland Bank , one of the largest banking groups in Great Britain in the 20th century, where he was initially a director between 1959 and 1981 and also deputy chairman from 1968 to 1977.

By a letters patent dated June 24, 1966, McFadzean was raised to the nobility under the Life Peerages Act 1958 as a life peer with the title Baron McFadzean , of Woldingham in the County of Surrey . Its introduction ( Introduction ) in the House of Lords was carried out by James Turner, 1st Baron Netherthorpe and Henry Nelson, 2nd Baron Nelson of Stafford on July 12, 1966. He was so until his death nearly thirty years as a member of the House of Lords on. For his services he was finally also Knight of the Scottish Order of the Thistle in 1976 .

His daughter Felicity McFadzean had been married to Richard Marsh, Baron Marsh , a Labor Party politician and former chairman of the British Railways Board , since 1979 . His wife Eileen Gordon McFadzean, Lady McFadzean, with whom he had been married since 1933, died in 2003 at the age of 91.

Web links

Individual evidence

  1. ↑ London Gazette . No. 44033, HMSO, London, June 24, 1966, p. 7248 ( PDF , accessed October 18, 2013, English).
  2. ^ Entry in Hansard from July 12, 1966
  3. ↑ Knights of the Thistle (Cracroft's Peerage)
  4. ↑ Lady McFadzean, 91, widow of Lord McFadzean, KT (1903-96)
personal data
SURNAME McFadzean, William, Baron McFadzean
ALTERNATIVE NAMES McFadzean, William Hunter, Baron McFadzean (full name)
BRIEF DESCRIPTION British economic manager, entrepreneur and politician
DATE OF BIRTH December 17, 1903
PLACE OF BIRTH Stranraer , Wigtownshire, Scotland
DATE OF DEATH January 14, 1996
Place of death Bath