Bill Gammell

Sir William Benjamin Bowring Gammell FRSE (born 29 December 1952) is a businessman and former Scottish International rugby player.

Early life

Bill Gammell was born in Edinburgh, and was the son of an investment banker, who was invited at an early age to join Edinburgh's Ivory & Sime (which was started in the late 1800s with the formation of the British Assets Trust.) Gammell attended Edinburgh's exclusive Fettes College where he was friends and debating partners with future British Prime Minister Tony Blair. The two have remained close friends. After Fettes, Gammell attended the University of Stirling where he obtained a BA in Economics and Accountancy.

Rugby

Gammell played rugby union at county level and for the Scottish national team. A tall winger, he earned five international caps, and played in the game against Japan in 1977 in Tokyo when he scored four tries in the Scots' 74-9 victory.

Gammell scored two tries on his debut for Scotland, against Ireland at Murrayfield in 1977.

Business career

After his rugby career was ended by injury, Gammell followed his father into business. Using venture capital, he founded Cairn Energy in Edinburgh. The company invested in several unsuccessful oilfields in the US before making a modest strike in the Pennsylvania oilfield. Gammell was appointed Cairn's Chief Executive on its initial listing in 1989. In the mid 1990s, he led the company in a radical reallocation of its assets, moving out of US and North Sea oil and gas concerns and into neglected fields in South Asia. The company's fortunes soared in 2004, when a field it had bought in 2001 (for $7.5 million) from Shell in the Indian province of Rajasthan was found to contain close to 1.1 billion barrels of oil,[1] catapulting it into the FTSE 100.[2]

Gammell was paid an annual salary of £552,000 for his role as chief executive at Cairn Energy.[3] On 1 July 2011 Gammell assumed the role of non-executive chairman.

Gammell's father invested in US oil company Bush-Overbey, owned by future US President George H. W. Bush. The two families became friends, with George W. Bush spending the summer at the Gammell's farm in Scotland. George W. attended Bill Gammell's wedding in Glasgow in 1983. The two have remained close friends. When George W. Bush assumed the Presidency, both he and Blair reportedly called their mutual friend Gammell to ask his opinion of the other.

Bill Gammell a director of the Scottish Institute of Sport and Artemis AiM VCT plc., and in 2004 he was awarded UK Entrepreneur of the Year. In the 2006 New Year Honours list, Gammell was made a Knight Bachelor "for services to Industry in Scotland",[4] and in 2017 he was elected a Fellow of the Royal Society of Edinburgh.[5]

Gammell received an Honorary Doctorate from Heriot-Watt University in 2007 [6]

In 2011, he was also awarded the Honorary Degree of Doctor of Business Administration by Robert Gordon University.[7]

References
  1. Pfeifer, Sylvia (5 September 2004). "Cairn's Indian oil find comes in at the top end of City Forecasts". The Daily Telegraph. London.
  2. Hope, Christopher (8 September 2004). "Cairn joins the big time and pledges to go it alone". The Daily Telegraph. London.
  3. "William Gammell: Executive Profile & Biography". BusinessWeek. McGraw-Hill. Retrieved 2 September 2009.
  4. "Queen honours star-studded Scots". bbc.co.uk. Retrieved 31 March 2017.
  5. "RSE Welcomes 60 New Fellows" (Press release). Royal Society of Edinburgh. 15 February 2017. Retrieved 28 March 2017.
  6. "Annual Review 2007 : Principal's Review". www1.hw.ac.uk. Archived from the original on 5 March 2016. Retrieved 29 March 2016.
  7. http://www.rgu.ac.uk/news/sir-bill-gammell-honoured-by-rgu
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.