The men who run Celtic on our behalf

I put this together a while ago but I’ve since updated some of the info. These are the men who run Celtic PLC and in turn Celtic Football Club. They are quite an impressive bunch. Probably one of the strongest boards in UK football at this moment. Here’s hoping they can get their finger out and generate more cash for the manager.
Please Give us your opinion and vote in the poll

Ian Bankier Chairman Designate

Not in position yet but will take over from Dr John Reid

Ian is a well known and respected Scottish businessman. He started life as a corporate lawyer spending 15 years at McGrigor Donald, and then moved into industry where he was the Group Managing Director for Burn Stewart Distillers. There he managed BSD’s turnaround and subsequent sale to a Caribbean conglomerate.
Over the years Ian has been a non executive director for a number of well known companies including Stakis, Murray Johnstone Investment Trusts, Tulloch and Oyez Straker.
For the last 5 years he has been the executive chairman of GlenKier Whiskies which operates the national retail chain “The Whisky Shop”.

Dr John Reid (63)
Chairman

Dr Reid joined the Board as an independent non-executive director on 1st October 2007 and was formally elected by shareholders at the Annual General Meeting on 19 November 2007. At that time Dr Reid also assumed the position of Chairman, on the retirement of Brian Quinn.

Dr Reid is a member of the Remuneration Committee and chairs the Nomination Committee.
Dr Reid holds a PhD in economic history from Stirling University and is an Honorary Professor of University College London. He was a Member of Parliament from 1987 to 2010. During his career as a politician, Dr Reid held various posts as a Government Minister, firstly in Defence and then Transport. Dr Reid went on to become a Cabinet member holding posts as a Secretary of State, and culminating as Secretary of State for Home Affairs. He resigned from that post in June 2007 but retained his position as the Member of Parliament for Airdrie and Shotts until 2010.  He was appointed as a life peer in the summer of 2010.

Born in Bellshill, North Lanarkshire, Scotland, Reid comes from mining stock. His parents were Roman Catholic and his grandparents were of mixed denomination. His grandfather was “a staunch Church of Scotland Presbyterian and his grandmother a poor and illiterate Irish peasant.” His mother, Mary, was a factory worker and father, Thomas, was a postman with a passionate belief in education being the means of liberating the working classes.

Reid attributes his success to hard work and a good education. Like his successor as Scottish Secretary, Helen Liddell he attended St Patrick’s Secondary School, Coatbridge. The headmaster of St Patrick’s, James Breen, was described as being driven by the belief that working class children could make good in their lives provided there was discipline. The teenage Reid showed an early talent for organisation and political activism by leading a strike in protest at a school rule that forced children who arrived early to school to wait outside in all weathers, including the bitter cold and wet winters. “If we weren’t allowed in before 9 o’clock, we weren’t going in after 9 o’clock” Reid is quoted as saying. Eventually the Headmaster conceded and the strike ended.

Labour Party politician.

Reid was elected to the UK Parliament in 1987 and served in several senior cabinet positions under Tony Blair, including as Secretary of State for Scotland, Secretary of State for Health, Secretary of State for Defence and Home Secretary. In 2007, he left the cabinet with Blair, and retired from parliament in 2010, upon which he became a peer. Reid intends to take a leading role in the campaign for a No vote in the AV referendum in 2011.

UK Government positions
Secretary of State for Scotland
Secretary of State for Northern Ireland
Minister without Portfolio and Labour Party Chairman
Leader of the House of Commons and Lord President of the Council
Secretary of State for Health
Secretary of State for Defence
Secretary of State for the Home Department (Home Secretary)

Ian Livingston (46)
Independent Non-Executive Director

Ian Livingston was appointed to the Board on 1 October 2007 as an independent non-executive director and formally elected by shareholders at the Annual General Meeting on 19 November 2007. Mr Livingston chairs the Audit Committee.
Is the Chief Executive Officer of BT Group (commonly known as British Telecom).

The fourth generation son of Polish-Lithuanian Jews who arrived in Scotland 120 years ago, the family eventually owned a factory that made flying jackets and police uniforms.

Brought up in Kelvinside, his father was a Doctor and Livingston is the youngest of four children to the couple who wanted him to become a doctor. His father is a retired General Practitioner who practised in Parkhead, while his brother is a Sheriff in Glasgow, the other a partner in an accountancy firm and his sister a professor of psychiatry in London. The boys were educated at the independent Kelvinside Academy, where Ian won a royal Bank of Scotland fantasy share-investment competition, turning £10,000 into £30,000 in just 10 months.

After graduating with a degree in economics from University of Manchester at the age of 19, he trained as an accountant with Arthur Andersen, where on assignment he became the first chief accountant of The Independent newspaper. Livingston then moved to Bank of America, and then private-equity firm 3i.

After being spotted by Sir Stanley Kalms, he moved to the corporate development department of Dixons Group in 1991, before becoming the youngest FTSE 100 finance director at the age of 32. Under then CEO John Clare, Livingston became key in creating PC World and the broadband provider Freeserve.

After the sale of Freeserve, Livingston joined BT Group as Finance Director, before he took up the post of CEO Retail on 7 February 2005. He replaced Ben Verwaayen as Group CEO on 1 June 2008.

Tom E Allison (62)
Senior Independent Director

Tom Allison has been a non-executive Director since September 2001. He is Chairman of the Remuneration Committee and a member of the Nomination Committee. Mr. Allison is the nominated Senior Independent Director
Tom served as the Chief Executive Officer of Clydeport PLC since September 1997. Mr. Allison’s responsibilities included the day-to-day management of the Clydeport group, as well as determining and managing the group’s strategic direction.
He served as the Chief Executive Officer of Peel Ports Limited until August 5, 2007. He held Senior Management Positions with Rank Xerox plc, Scottish & Newcastle plc, ADT Plc and CSC Forest Products Limited. Mr. Allison serves as the Chairman of ECO European. He serves as the Non-Executive Chairman of Keepmoat Ltd.

He also served as Non Executive Chairman and Non Executive Director of Peel Ports Limited since August 5, 2007. He serves as Chairman of the Board of Clydeport Ltd., Mersey Docks & Harbour Company, The Manchester Ship Canal Company and Medway Ports. He was also Non Executive Chairman of Wood Mackenzie Ltd., until October 2007 and served as its Non Executive Director. He has been a Director of Keepmoat Ltd since September 2008.
September 2008. He has been a Senior Independent Director of Celtic PLC since September 2001. He serves as an Executive Director of Peel Holdings Plc and of the Prince and Princess of Wales Hospice in Glasgow. He serves as Director of Peel Holdings Ltd.

Mr. Allison serves as a Non-Executive Director of Semple Cochrane plc and Eco-European Limited. He serves as a Council Member of the CBI Scotland. Mr. Allison served as a Director of Clydeport Operations Ltd., and Clydeport Plc. He served as Director of Clydeport Properties Ltd.

Dermot Desmond (60)
Independent Non-Executive Director

Desmond was born into modest circumstances in Macroom in 1950. At the age of 6, the family uprooted from the area and moved to Dublin’s northside, Beaumont district. Desmond was educated at Scoil Mhuire, Marino and later studied at Good Counsel College in New Ross. Desmond is probably most famous for being a major shareholder in Celtic F.C.

Desmond left school in 1968 and shortly afterwards took up a junior position with Citibank in Dublin. He moved on and accepted positions first in the Investment Bank of Ireland and then as a banking consultant for Price Waterhouse Coopers. In 1979 he was contracted by the World Bank and transferred to Kabul, Afghanistan. His time there was short lived as the bank withdrew its staff shortly afterwards following the Soviet invasion. In 1981, he founded the Irish stockbroking company National City Brokers (NCB). He is credited with being the inspiration behind the International Financial Services Centre (IFSC).

In 1981 Dermot Desmond founded National City Brokers in Dublin. The company competed with already established stockbroking names in Dublin such as Davy’s and Goodbodys. Desmond sold the company to Ulster Bank in 1994, which at the time was part of the National Westminster Group, for a reported £39 Million. Subsequently as a result of Natwest’s takeoever in 2003 by RBS, NCB was bought out by its management with the support of Billionaire businessman Sean Quinn who is believed to now control 25% of the company.

International Investment & Underwriting (IIU) was founded in 1995 by Dermot Desmond. It is a private equity firm and the primary investment vehicle for Desmond. It is located in Ireland’s International Financial Services Centre (IFSC) and is regulated by the Irish Financial Services Regulatory Authority. Companies that are controlled through IIU include BETDAQ (an international betting exchange) and DAON (a biometric enabling technology company). IIU Asset Strategies Limited is the hedge fund arm of the company, offering convertible bonds and equity funds.

In 1997, together with business partners John Magnier and J.P. McManus, Desmond purchased the luxurious 5 star Barbados resort Sandy Lane Hotel. The Hotel underwent a $450 Million USD renovation and was re-opened in 2001.
In 1996 Desmond backed a consortium headed by Fran Rooney to purhase Baltimore Technologies for £300,000. The company quickly purchased an E – Commerce license from the EU and it experienced rapid growth over the following years. It was briefly a member of the FTSE 100 and had a market Capitalization of £4.5 Billion. The company though fell victim to the dotcom bust and all but collapsed. Desmond was believed to have sold most of his shares though before the crash and walked away with over £50 Million profit from his investment.

Desmond purchased London City Airport from Mowlem for £23.5m in 1995. The investment was considered a large risk as London’s Docklands was in recession and Canary Wharf was in receivership. The airport has since become one of the more profitable in the United Kingdom. Desmond sold London City Airport in October 2006 for a reported £750 million[6] to a consortium consisting of insurer AIG, GE Capital and Credit Suisse.

BETDAQ is the trading name of Global Betting Exchange, a betting exchange operator based in Ireland. It is the second largest betting exchange operator in the market, with Betfair being the largest.[1] The company was founded in 2000 by Dermot Desmond and started trading in September 2001. Its headquarters are located in the International Financial Services Centre in Dublin, and it employs about 100 people. The company offers betting markets on a range of international sporting and other events, and claims to handle in excess of £20M worth of bets every week.

Desmond was a major shareholder in Irish food company Greencore for a number of years. He sold his shares on at a vast profit to Property Developer Liam Carroll in 2006. Desmond once again showed excellent timing with the sale of his shares as the company has since lost roughly 80% of its share value.

In 2005 Desmond opened the Sporting Emporium, a Dublin-based private members gaming club. It was reported Desmond had invested €5.5 Million of his own money in the venture. It is believed to be loss-making at present.

Desmond owns roughly 37% of Scottish Premier League football club Celtic FC. He is also a Non – Executive Director of the club. Desmond clearly has the financial muscle to takeover the club outright but as a supporter of the club, he believes it would not be in the best interests of the club if he were to do so[citation needed]. He is without question though the most influential investor in the club and is the largest shareholder.

Desmond previously held an estimated 2-3% stake in Manchester United. He sold out to Malcolm Glazer in 2005 and is believed to have made an £11 million profit from his investment in the club.
Desmond purchased 33.1% of Rietumu Banka in 2005 for a reported €66 Million. He invested in the bank as a result of being very impressed with its management team and capital structure. The investment in Rietumu initially looked a successful one with Desmonds holding at one stage being valued at €200 million. However the subsequent economic downturn has reduced the value of Desmonds holding in the bank significantly.

Desmond owns a stake in Toronto mining company Mountain Province Diamonds that is valued at £25 million. The Company’s sole asset is the Gahcho Kue Diamond Mine Project.

In 2007 Dermot Desmond purchased a 51% controlling stake in Swiss-based private jet-leasing firm Execujet. It is believed that Desmonds investment in the company was valued at $10 Million USD. He was subsequently named its Chairman.

A non-executive Director of the Company since May 1995, Mr. Desmond is chairman and founder of International Investment & Underwriting Limited, a private investment company, with interests worldwide. Mr. Desmond is a member of the Nomination and Audit Committees and the Company’s single largest shareholder.

Peter T Lawwell (51)
Chief Executive

Chief Executive, Executive Director of Celtic PLC. He joined the Company in October 2003 from his position as commercial director with Clydeport plc. Previously he held senior positions with ICI, Hoffman-La-Roche and Scottish Coal.

Eric J Riley (53)
Financial Director

Executive Director of Celtic PLC. Mr. Riley is a chartered accountant and has executive responsibility for operational areas of corporate strategy and finance. During the year Mr. Riley served as a member of the Council of the Scottish Football Association.

Brian D H Wilson (60)
Independent Non-Executive Director 

Brian Wilson was appointed as a non-executive Director in June 2005. Formerly a Member of Parliament, Mr. Wilson also held several ministerial posts during his political career. He is an experienced journalist and writer and a director of several private companies. Mr. Wilson sits on the Audit and Remuneration Committees.

Brian Duffy (55)
Independent Non-Executive Director

Brian Duffy was appointed to the Board as an independent non-executive Director on 8 February 2010. Mr. Duffy was educated in Glasgow and qualified as a Chartered Accountant in 1976. He has held a variety of senior posts in the clothing and consumer goods sectors. In 2003 he joined the Polo Ralph Lauren Corporation, one of the world’s leading luxury lifestyle brands, as President and Chief Operating Officer, Europe. He has been Group President, Europe of that organisation since 2008.

Information from various internet sources including http://www.celticfc.net/home/corporate/board.aspx .

Comments

  1. You could have called it “The men who gifted rangers 3IAR”.
    They should all be held accountable for gifting a skint and pitiful rfc three league titles in a row when a little investment could have seen us going for seven in a row this season. Failure to invest in the team at crucial times. Appointing and paying a large amount for a manager who had just been relegated. Not speaking up for the support when we are slandered by the media. Putting the poppy on our strip.
    It’s all well and good having a laugh at rfc and their goodwillie antics but frankly our inability to sign a competent keeper is a worry and we have started the season with a over sized but devoid of quality squad and desperately need a goalkeeper, a centre-half to partner Wilson and a target man striker.

  2. Well said Windy.  
    In any other line of business, if your main competitor was up to their eyes in debt and still beating the pants of you in the market place, then the people running your business would be removed.  Simple as that.
    I dont actually see the point of this post.  These people do NOT run Celtic on 'my behalf'.  They just run us badly.
    The fact that this site published a glowing CV for Dr Reid, without even mentioning his involvment in illegal wars and the murder of innocent men, women and children in Iraq probably means that this will be my last visit to the site.  
    Were we supposed to be impressed by their CVs and bow to their incompetence:-)  Did anyone else notice the close previous business ties between the Head of the Remuneration Comittee and our current CEO?

  3. Sadly they do run the club on our behalf whether we like it or not. This is why we need fans reps on the board via the Celtic Trust.

    Can I point out that we did not give Dr Reid nor anyone else on the board a glowing reference. The information we have printed is from basic research on the internet. This article is not designed to be a debate platform for the rights and wrongs of political decisions.

     

    1.  
      Regarding the 'glowing reference', i think the following words are yours
      'These are the men who run Celtic PLC and in turn Celtic Football Club. They are quite an impressive bunch. Probably one of the strongest boards in UK football at this moment'.
      That to me is a glowing reference.
      If the article was not meant to be debated why did you say  'Please Give us your opinion'?  My opinion is that Dr Reid is the total antithesis of everything that our great Club stands for. 

      1. They are an impressive bunch of people but that only confounds the fact that we are penny pinching. You seem to have ignored the line “Here’s hoping they can get their finger out and generate more cash for the manager.” in your argument.
        Your reference to a “glowing reference” was only directed at John Reid in your reply not the entire board so there is no point in you trying to spin it any other way now.
        So you gave us your opinion on one board member who you don’t like for political reasons but the article was not about politics.

  4. i am a celtic fan and shareholder
    i think the men in charge are doing a good job and our manager is the best in the world

  5. i am a celtic fan and shareholder
    i think the men in charge are doing a good job and our manager is the best in the world

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