Graham Love

From Wikipedia, the free encyclopedia
Jump to: navigation, search

Graham Love was the Chief Executive Officer of the defense contractor, QinetiQ Group plc. He is a graduate of Cambridge University and a chartered accountant.

In the late 1980s he was part of the senior management team that expanded Weber Shandwick through a major acquisition programme involving the purchase of over 30 public relations agencies worldwide[1] acting as its finance director.[2]

In 1992, Love joined the UK Government's Defence Research Agency as Finance Director and continued in the role when the agency expanded into Defence Evaluation and Research Agency (DERA).[2]

He was appointed Managing Director of the support services division (DSSD) in 1995. Two years later, he led the successful buy-out of DSSD from DERA to form Comax Secure Business Services Ltd. He subsequently led the team which negotiated the sale of Comax to Amey plc.

In 2001, Love rejoined DERA as Chief Financial Officer, subsequently playing a key role in the formation of QinetiQ and the sale of a controlling interest to The Carlyle Group.

Controversially, his £106,000 investment in the company was later worth £20m at flotation.[3] Approximately £6m worth were sold in January 2007.[4]

In 2005, Love became Chief Executive of QinetiQ, as the company moved to IPO. In October 2009, Love resigned his position after an official report into the crash of an ageing British Nimrod Maritime Patrol Aircraft over Afghanistan in 2006, which killed 14 people, found that QinetiQ bore some of the blame for the mistakes that led to the crash.[5]

References[edit]

  1. ^ "Board of Directors". QinetiQ. Retrieved 2007-11-22. 
  2. ^ a b Spiegel, peter (13 January 2006). "Flotation completes cold war research body's emergence from the shadows". Financial Times. Retrieved 2007-11-22. 
  3. ^ "Qinetiq deal 'cost UK taxpayers'". BBC News. 22 November 2007. Retrieved 2007-11-22. 
  4. ^ "QinetiQ chief sells £6m shares". Evening Standard. 15 February 2007. Retrieved 2007-11-22. 
  5. ^ Wearden, Graeme (29 October 2009). "Qinetiq chief resigns after firm criticised in Nimrod crash report". London: Guardian. Retrieved 2009-10-29.