Peter Burt

Biography

Sir Peter Alexander Burt (given birth to 6 March 1944) is a Scottish businessman, past LEADER and later on Governor of the lender of Scotland.

Early life

Burt was created in 1944 in East Africa, and educated in Scotland. He graduated through the College or university of St Andrews as well as the College or university of Pennsylvania's Wharton College and later worked well in the pc market in California and Scotland.

Bank of Scotland

Burt joined the lender of Scotland in 1975, employed in the international and essential oil and energy division. He rose to be head from the worldwide department in 1985, treasurer and main general supervisor in 1988 and finally LEADER in 1996.The primary events of his stewardship were the failed takeover bid for the NatWest Lender as well as the merger with Halifax plc to create HBOS. Following merger, he offered as Deputy Chairman of HBOS and Governor of the lender of Scotland, (a generally ceremonial function) from 2001 to 2003, and still left the board soon after.By Sept 2008 HBOS was revealed to maintain a poor economic condition and phrase broke of advanced merger talks with Lloyds TSB, the reports were later on verified. In light of the development, information surfaced on 8 November of the notice from Burt and his modern Sir George Mathewson to HBOS Chairman Lord Dennis Stevenson. The notice recommended the instant resignation of Lord Stevenson and HBOS LEADER Andy Hornby. The notice explained the fact that jobs of Chairman and LEADER would be loaded by Mathewson and Burt respectively which HBOS would continue steadily to trade as an unbiased bank majority possessed with the Treasury. Nevertheless the proposal was turned down by the lender within a swift response by Lord Stevenson and didn't earn the endorsement of the united kingdom Federal government The proposal was withdrawn on 20 November 2008.

Other work

In 2004, he was appointed Chairman of ITV plc. He also offered as a nonexecutive movie director of Royal Dutch Shell until 2006, Chairman of Dyslexia Scotland and on the planks of several charities.

Source
Wikipedia
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