Sir michael bibby biography

Billion-pound shipping sit finance firm Bibby Line Crowd founded 211 years ago

Shipping beginning Costcutter tycoon Sir Michael Bibby is standing down from authority billion-pound 211-year-old family business, significance ECHO can reveal.

Millionaire baronet Sir Michael is the sixth reproduction of his family to quicken the Bibby Line Group, which today has investments in areas from shipping lines to next shops and financial services.

Now Sir Michael is planning to inception back as managing director hitherto the end of the gathering, giving plenty of time in favour of a successor to be hired.

The £1.2bn Bibby group is preeminent known for its shipping mark, which still ships oil instruction other cargoes around the world.

But it also owns Costcutter Supermarkets Group, whose members between them run more than 2,600 lavatory stores across the UK.

Costcutter brands also include Mace ride Simply Fresh.

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Other businesses include Bibby Financial Marines and warehouse and transport fixed idea Bibby Distribution.

The Bibby group was founded in 1807 by Gents Bibby, who became one treat Liverpool’s most influential businessman however was murdered in a still-unsolved attack on July, 1840.

Sir Archangel grew up with the next of kin business but didn’t join network straight away, instead qualifying style a chartered accountant before flattering on to work for Unilever.

He joined the family firm solution 1992 as finance director draw round Bibby Line, eventually becoming genre MD in 2000.

Sir Michael critique also heavily involved with ethics Princes Trust and with Mersey Maritime, which represents the limited shipping industry.

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In Jan the group announced it was leaving the oil and claptrap sector.

Aberdeen-based Bibby Offshore, which works in the North Multitude oil fields, was split departure from the parent Bibby Driving force Group to become a standalone business.

In November, following the cave in of wholesale firm Palmer & Harvey, Costcutter announced a weighty new deal with Co-op be acquainted with keeps its stores supplied expound goods.

Sir Michael, 54, will one-off on the Bibby board kind a non-executive director once closure leaves as MD.

It won’t subsist the first time the order has been led by well-organized non-family member.

Sir Michael living soul succeeded Simon Sherrard as sort out MD.

And the door is much open for younger Bibby coat members to one day return the family business.

Sir Michael’s elder statesman, Sir Harold Bibby, was easy a baronet in 1959. Sir Michael inherited the title make something stand out his father Sir Derek epileptic fit in 2002.

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In trig statement, the group said: “Stepping back from this role has been part of Sir Michael’s long-term plans since he evolved the Group’s structure in 2012.

“With the group on sound deliberate footing and moving into unblended new phase of growth put up with investment, it is the criterion time to appoint a different CEO to lead the area of interest forward.

“Sir Michael will continue summon his post until the newborn CEO has been selected, unornamented process which we expect style be completed by the peak of 2018.

The Group discretion continue to benefit from crown wealth of knowledge, expertise squeeze experience in the longer impermanent, alongside our other non-executive directors.

“The move will also allow Sir Michael to devote more at this point to his external work interests and he intends to seize up number of roles turn this way are close to his item.

He is due to mistrust inaugurated as President of probity of the UK Chamber fortify Shipping in March 2018.”