- Andrew Regan
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Andrew Regan Born December 14, 1965
Manchester, England, UKResidence Geneva, Switzerland Nationality British Occupation Entrepreneur Employer Corvus Capital Title Chief Executive Officer Children Seven Andrew Regan (born 14 December, 1965, Manchester, England) is a British-born polar explorer[1] and entrepreneur. He is the chief executive officer of Corvus Capital, an investment company.[2]
Contents
Personal life
Andrew Regan was born in Manchester, and is divorced with seven children.[citation needed][3] He resides in Geneva, Switzerland.[4]
Career
Hobson
Early in his career, Regan ran a household products business, Cadismark, which was sold to Hobson plc in 1991.[4][5] Following the sale, he became the chief executive of Hobson, which was listed on the London Stock Exchange. In 1994, Hobson acquired F.E. Barber, the food and drinks manufacturing operation of the Co-operative Wholesale Society.[5][6]
Regan was responsible for developing the Loyd Grossman range of sauces which were manufactured by F.E. Barber. After rationalising the operation, Hobson was acquired in 1996 by Hillsdown Holdings for £154 million, through a recommended cash takeover.[4]
Co-operative Wholesale Society (CWS)
In 1997 Regan led an attempt to gain control of the CWS in a £1.2 billion take-over bid which was rejected. As part of its bid defence, the CWS carried out an investigation into former dealings between certain CWS executives and Regan.[7] In 1995 Regan had authorised the transfer of £2.4 m from F.E. Barber which he maintained he provided to an intermediary as a brokerage fee for successfully resolving the deadlock between the CWS and Hobson in negotiations about extending a food supply contract; the Serious Fraud Office (SFO) maintained that the transfer was used by the intermediary to provide a bribe to two senior CWS executives in order to extend the contract, and unsuccessfully prosecuted Regan on a charge of theft of £2.4 million.[7]
Regan's first trial resulted, in 2002, in a hung jury and a retrial was ordered. This retrial in 2003, ended when a juror alleged he was approached by an unknown party.[8][9][10] At the second retrial (also in 2003), Regan was acquitted with the judge noting that he was minded to order the SFO to pay Regan's defence costs.[9] In 2005, the Co-operative Group (successor to the CWS) received what it described as a "substantial payment" as part of an out-of-court settlement with Regan and others in a civil case relating to the accusations.[6][11]
Corvus Capital
Regan became the chief executive officer of Corvus Capital, an international investment company, in 2004.[4] Corvus was established to identify assets or companies which are either underperforming or undervalued. The management team attempt to acquire or tactically reposition such companies in order to realise potential value. Corvus Capital, Inc. was listed in the UK on the London Stock Exchange's Alternative Investment Market (AIM)[2] before it was taken private in December 2008.[citation needed]
Corvus founded Lodore Resources, an AIM-listed investment company formed in 2004 with the intention to build a group specialising in the oil and gas sector.[2] The company listed with a market capitalisation of £6.4 million, and after building a group with its assets principally in the United States. In 2005 the company was acquired for a total consideration of £115.0 million. Other Corvus investments included, amongst others, Commoditrade and Gable Holdings.[2]
Regan has been involved in several start-up companies including ASOS Plc which is now the UK's largest independent online fashion retailer.[12][13]ASOS had a market capitalisation of £12m when listed on the AIM Market in 2001, growing to £1.2bn by the end of 2010.[14]
Regan was a founder shareholder in Imperial Energy, an upstream oil and gas exploration and production company focused on the Commonwealth of Independent States and, in particular, the Russian Federation. The company was floated on AIM in 2004 at 25p per share and moved to the Official List in 2007. In 2008, Imperial was acquired by ONGC Videsh of India for £1.3 billion (1,125 pence per share).[15]
Polar traveller
North Pole
Regan visited the Geographic North Pole for the first time in 2004. In April 2008 he returned, completing an Expedition on foot with three of his children, Jojo, Alex and Sam to raise awareness about climate change.
Ice Challenger 05
Regan is an experienced Polar traveller and has been to both the North Pole, including an expedition with three of his children,[16] and the South Pole.[17] In 2005, he led the Ice Challenger Expedition, a world record attempt for the fastest overland crossing to the South Pole.[18] The six-man Ice Challenger team completed the 1,200 km route in 69 hours, breaking the previous world record of 24 days (576 hours).[17] The expedition aimed to increase awareness of global warming. The entire team wanted to highlight the impact of climate change on the Antarctic, to the rest of the world.[18]
Moon-Regan TransAntarctic Expedition
Regan returned to Antarctica in November 2010, leading the Moon Regan TransAntarctic Expedition.[19] The 10-man Expedition team completed the first ever there-and-back crossing of Antarctica, a journey of some 4,000km, in just 23 days. They travelled from Patriot Hills on the west coast to the South Pole, heading north from there through the Trans-Antarctic Mountain Range, down the Leverett Glacier and off the coastline onto the Ross Ice Shelf.[20]
Winston Wong, a prominent Taiwanese businessman and alumnus of Imperial College London, was the main sponsor to the Expedition. The Winston Wong Bio-Inspired Ice Vehicle was the lead vehicle in the expedition and was the first ever bio-fuelled vehicle to reach the Geographic South Pole. [21]The WWBIV is currently on display at the Magic School for Green Technology at the National Cheng Kung University in Tainen.[22]
The expedition partnered with Imperial College London, to carry out scientific experiments in Antarctica.[23]The researcher accompanying the team provided a network of mobile wireless sensors, developed at the College, which were tested to continuously monitor the health of members of the Expedition team.
References
- ^ Moon-Regan Trans Antarctic Expedition. "Moon-Regan Trans Antarctic Expedition". http://www.transantarcticexpedition.com.
- ^ a b c d Bland, Ben (3 September 2007). "Aim profile: Andrew Regan" (Press release). London: The Telegraph. http://www.telegraph.co.uk/finance/markets/marketreport/2815081/Aim-profile-Andrew-Regan.html. Retrieved 25 April 2010.
- ^ "Future". Ice Challenger Expedition. http://www.icechallenger.co.uk/future. Retrieved 2008-03-19. "'I've got six kids.'"
- ^ a b c d "Andrew Regan - Chief Executive". http://www.corvus.com. http://corvus.com/index.php/overview/people/andrew_regan/. Retrieved June 10, 2011.
- ^ a b Russel Hotten (29 April 1994). "Hobson to buy Co-op's food producer for £111m: Regan to triple size of household products company". The Independent (London). http://www.independent.co.uk/news/business/hobson-to-buy-coops-food-producer-for-pounds-111m-regan-to-triple-size-of-household-products-company-1373169.html.
- ^ a b "‘Regan matter is now closed’". The Grocer. 5 March 2005. http://www.thegrocer.co.uk/articles.aspx?page=articles&ID=100326. Retrieved 3 December 2009.
- ^ a b "Andrew Regan acquitted of theft of £2.4 million" (Press release). Serious Fraud Office. 6 August 2003. http://www.sfo.gov.uk/press-room/latest-press-releases/press-releases-2003/andrew-regan-acquitted-of-theft-of-%C2%A324-million.aspx. Retrieved 8 January 2008.
- ^ "SFO under fire after Regan acquitted in Co-op theft case" (Press release). The Independent. 6 August 2003. http://www.independent.co.uk/news/business/news/sfo-under-fire-after-regan-acquitted-in-coop-theft-case-758645.html. Retrieved 15 July 2010. "The second trial, earlier this year, was halted amid suggestions that the jury might have been subject to improper approaches by an unknown party."
- ^ a b Aldrick, Philip (7 August 2003). "Regan walks free but faces Co-op challenge". London: The Daily Telegraph. http://www.telegraph.co.uk/finance/2859879/Regan-walks-free-but-faces-Co-op-challenge.html. Retrieved 14 July 2010.
- ^ Tomlinson, Heather (10 August 2003). "The Thing Is: Andrew Regan". Business News (London: The Independent). http://news.independent.co.uk/business/news/article99756.ece. Retrieved 11 January 2008.
- ^ "Regan's out-of-court settlement with Co-op Group". Co-operative News. 18 February 2005. http://news.coop/news/Miscellaneous/562. Retrieved 15 Jul 2010.
- ^ Nick Robertson was anticipating a bumper Christmas for online fashion retailer Asos (18 December 2005). "Boom time to... Buncefield". London: The Guardian. http://www.guardian.co.uk/technology/2005/dec/18/news.buncefieldfueldepotfire2005.
- ^ Fletcher, Richard (20 June 2011). "With no shopping list in sight putting money in Vallares is more a gamble than an investment". London: The Daily Telegraph. http://www.telegraph.co.uk/finance/comment/richardfletcher/8583122/With-no-shopping-list-in-sight-putting-money-in-Vallares-is-more-a-gamble-than-an-investment.html. "For example ASOS, the online fashion retailer and stock market darling, was bought to the market by financier Andrew Regan, who reversed it into a shell."
- ^ Based on SP of 15.88 GBp. "London Stock Exchange Website". http://www.londonstockexchange.com/exchange/prices-and-news/stocks/summary/company-summary.html?fourWayKey=GB0030927254GBGBXAMSM. Retrieved 23 December 2010.
- ^ "ONGC acquire Imperial Energy". http://www.livemint.com/2008/12/31223006/ONGC-acquires-Imperial-Energy.html.
- ^ Andrew Regan travels to North Pole with Three of his children. "Junior Polar Traveller". http://www.juniorpolartraveller.com/sponsors-andrew-regan-foundation.
- ^ a b Guinness world records 2008. London: Guinness World Records. 2007. p. 97. ISBN 9781904994183. OCLC 174109903.
- ^ a b Concepts, Voyage. "Ice Challenger - World Record for the fastest overland crossing to South Pole". http://www.icechallenger.co.uk. Retrieved 6 December 2006.
- ^ Moon-Regan Trans Antarctic Expedition. "Moon-Regan Trans Antarctic Expedition". http://www.transantarcticexpedition.com.
- ^ Moon-Regan Trans Antarctic Expedition route. "Moon-Regan Trans Antarctic Expedition expedition route". http://www.transantarcticexpedition.com/expedition.
- ^ Winston Wong Bio-Inspired Ice Vehicle. "Winston Wong Bio-Inspired Ice Vehicle". http://www.transantarcticexpedition.com/civ.
- ^ Winston Wong Bio-Inspired Ice Vehicle. "Winston Wong Bio-Inspired Ice Vehicle". http://www.leaderpost.com/story_print.html?id=4902937&sponsor=.
- ^ Imperial College London Article. "Imperial College London Article". http://www3.imperial.ac.uk/newsandeventspggrp/imperialcollege/newssummary/news_11-6-2010-12-4-0.
External links
Categories:- Living people
- 1965 births
- English chief executives
- British expatriates in Switzerland
- British people of Irish descent
- People from Manchester
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