Iain Vallance, Baron Vallance of Tummel

Iain David Thomas Vallance, Baron Vallance of Tummel, FRSA, (born 20 May 1943), is a British businessman and a Liberal Democrat politician, currently the party's spokesperson for Trade and Industry.

Vallance was educated at the Edinburgh Academy, Dulwich College, London and the Glasgow Academy. In 1965 he graduated from Brasenose College, Oxford with a Bachelor of Art in English language and literature, and in 1972 from the London Business School with a Master of Science in business administration.

Vallance worked in the Post Office from 1966 to 1981, as director of central finance from 1976 to 1978, as director of telecommunications finance from 1978 to 1979 and as director of materials department from 1979 to 1981.

In 1981 he moved to the soon to be privatised British Telecommunications, for which he worked until 2002. After a period in finance, Vallance became Chief of Operations in 1985, and Chief Executive from 1986 to 1995, as chairman from 1987 to 2001 and finally as president emeritus from 2001 and 2002.

He was made a Knight Bachelor in 1994 and a life peer with the title Baron Vallance of Tummel, of Tummel in Perth and Kinross on 22 June 2004.

Since 1967, Vallance has been married to Elizabeth Mary McGonnigill; they have one daughter and a son.

References

*cite web | url= http://www.dodonline.co.uk/engine.asp?lev1=4&lev2=38&menu=81&biog=y&id=32277| title= DodOnline| accessdate= 2006-10-28