Henry Sweetbaum
Henry Sweetbaum is the former chairman and chief executive of DIY chain Wickes.[1]
Sweetbaum was co-founder of Reliance Group Holdings, a New York Stock Exchange listed company. He moved to the United Kingdom in 1970, when he was appointed Executive Director of the Plessey Company Limited.[2]
From 1976 to 1982, Sweetbaum chaired Data Recording Instrument Company, a British government-owned computer peripherals manufacturer.[2]
Contents
Wickes
From 1982-1986, he was Chairman of Wickes International Corporation. In 1986, he led the management buyout of Wickes plc and served as Chairman and CEO until 1996.[2]
In 1996, the Independent alleged that Sweetbaum faced a potential conflict of interest in his role at Wickes, because he was a director and major shareholder in a travel business, Statesman Travel, which provided Wickes with group travel and accommodation arrangements for senior management.[1]
In a statement quoted by the Independent, Sweetbaum said:
- The relationship between Statesman Travel and Wickes was a normal arm's length trading relationship, fully disclosed to the board and the auditors of Wickes, and the board resolved the relationship was immaterial, and did not require disclosure.[1]
In 2002, he was one a number of former Wickes directors found not guilty on charges of fraudulent trading and making a false statement to auditors between January 1 1994 and June 27 1996.[3]
PS Capital
In 1997, he co-founded PS Capital LLC, an American company that advises and invests in companies in Asia, Europe and the U.S.[2]
Affiliations
Accelerator Technology Holdings - investment committee member.
- Inovent - Advisory Board member.
Notes
- ↑ 1.0 1.1 1.2 The DIY boss and the private network he assembled himself, The Independent, 28 July 1996.
- ↑ 2.0 2.1 2.2 2.3 Henry Sweetbaum – Chairman, International Centre for the Study of Radicalisation and Political Violence, accessed 15 July 2015.
- ↑ Ex-Wickes trio cleared of fraud, The Telegraph, 26 November 2002.
