Difference between revisions of "Henry Sweetbaum"
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| − | [[Henry Sweetbaum]] is the former chairman and chief executive of DIY chain [[Wickes]].<ref>[http://www.independent.co.uk/news/business/the-diy-boss-and-the-private-network-he-assembled-himself-1330769.html The DIY boss and the private network he assembled himself], ''The Independent'', 28 July 1996.</ref> | + | [[Henry Sweetbaum]] is the former chairman and chief executive of DIY chain [[Wickes]].<ref name="Ind28796">[http://www.independent.co.uk/news/business/the-diy-boss-and-the-private-network-he-assembled-himself-1330769.html The DIY boss and the private network he assembled himself], ''The Independent'', 28 July 1996.</ref> |
| + | 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]].<ref name="ICSRbio">[http://icsr.info/about-us-2/governance/henry-sweetbaum/ Henry Sweetbaum – Chairman], International Centre for the Study of Radicalisation and Political Violence, accessed 15 July 2015.</ref> | ||
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| + | From 1976 to 1982, Sweetbaum chaired [[Data Recording Instrument Company]], a British government-owned computer peripherals manufacturer.<ref name="ICSRbio">[http://icsr.info/about-us-2/governance/henry-sweetbaum/ Henry Sweetbaum – Chairman], International Centre for the Study of Radicalisation and Political Violence, accessed 15 July 2015.</ref> | ||
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| + | ==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.<ref name="ICSRbio">[http://icsr.info/about-us-2/governance/henry-sweetbaum/ Henry Sweetbaum – Chairman], International Centre for the Study of Radicalisation and Political Violence, accessed 15 July 2015.</ref> | ||
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| + | 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.<ref name="Ind28796">[http://www.independent.co.uk/news/business/the-diy-boss-and-the-private-network-he-assembled-himself-1330769.html The DIY boss and the private network he assembled himself], ''The Independent'', 28 July 1996.</ref> | ||
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| + | 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.<ref name="Ind28796">[http://www.independent.co.uk/news/business/the-diy-boss-and-the-private-network-he-assembled-himself-1330769.html The DIY boss and the private network he assembled himself], ''The Independent'', 28 July 1996.</ref> | ||
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| + | 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.<ref>[http://www.telegraph.co.uk/finance/2834729/Ex-Wickes-trio-cleared-of-fraud.html Ex-Wickes trio cleared of fraud], ''The Telegraph'', 26 November 2002.</ref> | ||
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| + | ==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.<ref name="ICSRbio">[http://icsr.info/about-us-2/governance/henry-sweetbaum/ Henry Sweetbaum – Chairman], International Centre for the Study of Radicalisation and Political Violence, accessed 15 July 2015.</ref> | ||
| + | |||
| + | ==Affiliations== | ||
| + | [[Accelerator Technology Holdings]] - investment committee member. | ||
| + | *[[Inovent]] - Advisory Board member. | ||
==Notes== | ==Notes== | ||
<references/> | <references/> | ||
[[Category:UK|Sweetbaum, Henry]][[Category:United States|Sweetbaum, Henry]] | [[Category:UK|Sweetbaum, Henry]][[Category:United States|Sweetbaum, Henry]] | ||
Revision as of 14:23, 15 July 2015
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.
