Sir Ian Thomas Morrow (8 June 1912 – 19 April 2006) was a British "company doctor," accountant and briefly Liberal Party politician. In a long career, he saved many struggling businesses, the best known being Rolls-Royce.[1][2][3]
Early life
editHe was born to Thomas George Morrow, a jute mill manager in Brazil, and Jamesina Hunter, of Pilmour Links, St Andrews, Scotland. Jamesina Morrow travelled home for her confinement, but only managed to reach Manchester before giving birth to Ian. Ian Morrow was a great-great-grandson of the famous golfer Old Tom Morris.[1]
He was educated at the Dollar Academy in Scotland.
Career
editTo start his working career, he apprenticed with a Dundee jute company. He father insisted he take up accounting as his profession. In 1936, he became a chartered accountant.[1]
During the Second World War, the partnership of Robson, Morrow & Co worked for the Ministries of Supply and Production.[1] Morrow also undertook considerable work for the United Nations Relief and Rehabilitation Administration and the International Refugee Organization.[4]
After the war, he formed a longstanding relationship with Hambros Bank, and in particular with Jocelyn Hambro,[3] which would lead to a long, varied string of corporate assignments.[1] He gained a reputation as a "company doctor" (a term he disliked): an expert capable of turning around troubled businesses.[1] Perhaps his greatest challenge, and certainly his most publicised triumph, was with Rolls-Royce. The company was faced with bankruptcy during development of the RB211 aero engine. The British Government had to reluctantly step in and nationalise the business in 1971.[1] Morrow was appointed deputy chairman (1970–71) and managing director (1971–72),[5] and was in line to become chairman, but he resigned abruptly in October 1972 when his choice for his replacement as managing director was rejected by Michael Heseltine.[2][3] Nevertheless, he had brought the crippling development costs under control and saved the company. In 1973, he was knighted for his efforts.
Morrow received an Honorary Doctorate from Heriot-Watt University in 1982 [6]
He remained highly sought after; he gave up his last public company directorship at the age of 85.[3]
Politics
editAfter the war, he was politically active with the Liberal Party. He was Chairman of the Henley Division Liberal Association.[4] He was elected Chairman of Bicester Parish Council. He was Liberal candidate for the Kettering division of Northamptonshire at the 1950 General Election.[7] He did not stand for Parliament again.[8]
| Party | Candidate | Votes | % | ±% | |
|---|---|---|---|---|---|
| Labour | Gilbert Richard Mitchison | 30,243 | 52.6 | −1.0 | |
| Conservative | Sir Gyles Isham, Bt | 22,169 | 38.6 | −3.5 | |
| Liberal | Ian Thomas Morrow | 4,692 | 8.2 | N/A | |
| Communist | L.P. O'Connor | 368 | 0.6 | N/A | |
| Majority | 8,074 | 14.0 | +2.5 | ||
| Turnout | 57,472 | 88.1 | 13.0 | ||
| Labour hold | Swing | ||||
Personal life
editIn 1940, he married Elizabeth Mary Thackray. They had one son and one daughter. In 1967, the marriage was dissolved and he married Sylvia Jane Taylor. They had one daughter, film producer Al Morrow.
References
edit- ^ a b c d e f g "Sir Ian Morrow". The Daily Telegraph. 10 May 2006.
- ^ a b David Brewerton (18 May 2006). "Sir Ian Morrow: Company doctor whose ingenuity saved Rolls-Royce and other British firms". The Guardian.
- ^ a b c d "Sir Ian Morrow: Accountant turned business troubleshooter who guided Rolls-Royce out of financial crisis". The Independent. 29 May 2006.
- ^ a b The Times House of Commons 1950
- ^ ‘MORROW, Sir Ian (Thomas)’, Who Was Who, A & C Black, an imprint of Bloomsbury Publishing plc, 1920–2014; online edn, Oxford University Press, 2014; online edn, April 2014 accessed 20 Nov 2014
- ^ "Heriot-Watt University Edinburgh: Honorary Graduates". www1.hw.ac.uk. Archived from the original on 18 April 2016. Retrieved 5 April 2016.
- ^ Who's Who of 475 Liberal Candidates fighting the 1950 General Election
- ^ British parliamentary election results 1950-1973, Craig, F.W.S.