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New chairman to run BL survivors

15th March 1986, Page 8
15th March 1986
Page 8
Page 8, 15th March 1986 — New chairman to run BL survivors
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Which of the following most accurately describes the problem?

A NEW CHAIRMAN is to run what is left of BL once the Land Rover-Leyland Group is sold.

Graham Day, the c.100,000-a-year Canadianborn chairman of British Shipbuilders, is to succeed 71year-old Sir Austin Bide, who has chaired BL since Sir Michael Edwardes resigned in 1982.

1)ay, whose appointment will be tiall-time, will have responsibilicy for little more than the Austin Rover volume car and car-derived van business chaired by former Bathgate truck plant chief Harold Musgrove.

Ray Horrocks, current chief executive of BL's car division, has taken temporary responsibility for Land RoverLeyland while its chief executive, David Andrews, pursues his management buy-out plans for Land Rover and Freight Rover.

Horrocks is then expected to leave BL.

Day was managing director of Cammell Laird, the then Laird Group shipbuilding subsidiary at Birkenhead from 19711 to 1975 and became British Shipbuilders' chief executive in 1975 before the nationalised group took over the shipyards.

He resigned a year later in frustration with delays over the nationalisation bill and returned to Canada, but was lured back to British Shipbuilders three yy:n-,; ago.


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