Home is where the office is for FTSE’s veteran chairmen - News Summed Up

Home is where the office is for FTSE’s veteran chairmen


Lord Rose of Monewden, 71, the chairman of both Ocado and Fat Face, has been laid low by Covid-19A fifth of FTSE 100 chairmen are aged 70 and over, further complicating the management of Britain’s biggest companies in the face of an unprecedented crisis. Twenty septuagenarian chairmen are overseeing businesses while being in a group urged by the government to be “particularly stringent” in following social distancing measures because they are at greater risk of severe illness from coronavirus. Six have been knighted and one is a peer. They include John Allan, 71, chairman of Tesco and Barratt Developments, the FTSE 100 companies, who said that recently he had been in a two-week quarantine period after attending a small dinner at Imperial College London where someone had been infected — “but now I’m in self-isolation because I fall into the over-70 category,


Source: The Times March 29, 2020 22:52 UTC



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