Iain Vallance, Baron Vallance of Tummel
Iain David Thomas Vallance, Baron Vallance of Tummel, of Tummel in Perth and Kinross, FRSA ( born May 20, 1943) is a British civil servant, business managers and politicians of the Liberal Democrats, and since 2004 member of the House of Lords.
Life
Studies and Manager of 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, University of Oxford, where he graduated in 1965 with a Bachelor of Arts.
He then began his professional career in 1966 as an employee of the Royal Mail, the British Post Office, for which he worked until 1981. He was for a postgraduate degree in Business Administration from the London Business School ( LBS), London University, from which he graduated in 1972 with a Master of Business Administration (MBA ), 1976 Director of the Central Finance Department. After that, he was still there from 1978 to 1979 Director of Telecom Finance and most recently between 1979 and 1981 Director of the material department.
Ascent to the Chief Executive Officer of British Telecom and resignation
After completing his work at the Royal Mail Vallance joined 1981 in 1984 and privatized in 1991, BT Group renamed British Telecom. After he spent four years in the finance department, he was appointed Chief Operating Officer in 1985 (COO ), and finally between 1986 and Chief Operating Officer in 1995 (CEO). At the same time Vallance, of the 1994 Knight Bachelor was, 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 ruptured well because of that in March 2000 dotcom bubble bubble, the loss in value of the shares and debt of the company, resigned in 2001. After he held until 2002, the honorary office of President of the BT Group. Successor as CEO of BT Group then was the former Chairman of the BBC Board of Governors, Christopher Bland.
Other functions in the private sector
Besides his work for British Telecom, he was a member of the Presiding Board, 2000-2002 President of the Presidium of the Employers' Association Confederation of British Industry (CBI ) since 1988. In addition, he was from 1988 to 1996 a member of the European Foundation for Quality Management, which developed the EFQM model, and from 1991 to 2002 Member of the International Advisory Board of British American Chamber of Commerce and also from 1995 to 2005 Chairman of the European Advisory Committee of New York Stock Exchange (NYSE).
Furthermore, there was Vallance, who since 1996 Member of the International Advisory Board of Allianz SE, 1998-2001 Member of the Board of Scottish Enterprise, an independent agency of the Scottish Government to promote economic development, enterprise, innovation and investment in Scotland, as well as between 2001 and 2002 Vice - Chairman of the Council for financial Reporting ( financial Reporting Council ).
Vallance, who was between 2003 and 2008 he was appointed Chairman of the European Services Forum (ESF ) and Member of the European Council Advisor of the investment bank NM Rothschild & Sons, is also a member of the Supervisory Board of Siemens since 2003.
House of Lords member
On 22 June 2004, he was raised by a Letters Patent as a life peer with the title Baron Vallance of Tummel Tummel in Perth and Kinross of the nobility. On September 8, 2004, his introduction ( Introduction) as a member of the House of Lords.
During his membership in the House of Lords, he was so far from June 2005 to July 2007 the Group's spokesperson 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 CEO of computer service participants Amsphere Consulting Ltd. and Amsphere Ltd, is also active as Chairman of the Board renamed the Royal Conservatoire of Scotland former Royal Scottish Academy of Music and Drama ( RSAMD ) and as Vice President of the Princess Royal Trust for Carers. He is also a Fellow of the Royal Society of Arts.