Rona Alison Fairhead, Baroness Fairhead (''
née
A birth name is the name of a person given upon birth. The term may be applied to the surname, the given name, or the entire name. Where births are required to be officially registered, the entire name entered onto a birth certificate or birth re ...
'' Haig; born 28 August 1961) is a Conservative life peer and businesswoman.
She served as Minister of State at the Department for International Trade from 2017 to 2019. Prior to that, she was the last Chairman of the
BBC Trust
The BBC Trust was the governing body of the British Broadcasting Corporation (BBC) between 2007 and 2017. It was operationally independent of BBC management and external bodies, and its stated aim was to make decisions in the best interests of ...
before its abolition and the first woman to hold the post.
On 3 September 2017, it was announced that Trade Policy Minister
Lord Price would leave the government; on 28 September, Fairhead was appointed to succeed him. Fairhead
resigned as Minister of State in May 2019.
Early life and education
Fairhead was born Rona Haig in
Cumbria
Cumbria ( ) is a ceremonial and non-metropolitan county in North West England, bordering Scotland. The county and Cumbria County Council, its local government, came into existence in 1974 after the passage of the Local Government Act 1972. Cumb ...
in 1961 and educated at
Yarm Grammar School, near
Stockton-on-Tees
Stockton-on-Tees, often simply referred to as Stockton, is a market town in the Borough of Stockton-on-Tees in County Durham, England. It is on the northern banks of the River Tees, part of the Teesside built-up area. The town had an estimated ...
, North East England before attending
St Catharine's College, Cambridge
St Catharine's College is a constituent college of the University of Cambridge. Founded in 1473 as Katharine Hall, it adopted its current name in 1860. The college is nicknamed "Catz". The college is located in the historic city-centre of Camb ...
; she was president of the
Cambridge University Law Society
The Cambridge University Law Society (also known as "CULS" or "LawSoc") is the educational and representative body of undergraduate law students at the University of Cambridge. Founded in 1901, and with an estimated 2,000 active members, it is ...
before graduating with a
double first
The British undergraduate degree classification system is a grading structure for undergraduate degrees or bachelor's degrees and integrated master's degrees in the United Kingdom. The system has been applied (sometimes with significant variati ...
in law (
Bachelor of Arts
Bachelor of arts (BA or AB; from the Latin ', ', or ') is a bachelor's degree awarded for an undergraduate program in the arts, or, in some cases, other disciplines. A Bachelor of Arts degree course is generally completed in three or four years ...
, BA). She later obtained a
Masters in Business Administration
A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...
from
Harvard Business School
Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...
.
Professional career
Fairhead's early business career was spent at
Bain & Company
Bain & Company is an American management consulting company headquartered in Boston, Massachusetts. The firm provides advice to public, private, and non-profit organizations. One of the Big Three management consultancies, Bain & Company was fou ...
and
Morgan Stanley
Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...
in the 1980s before she moved to
British Aerospace
British Aerospace plc (BAe) was a British aircraft, munitions and defence-systems manufacturer. Its head office was at Warwick House in the Farnborough Aerospace Centre in Farnborough, Hampshire. Formed in 1977, in 1999 it purchased Marconi ...
as an independent consultant in 1991. Later in 1991 she moved to
Short Brothers
Short Brothers plc, usually referred to as Shorts or Short, is an aerospace company based in Belfast, Northern Ireland. Shorts was founded in 1908 in London, and was the first company in the world to make production aeroplanes. It was particu ...
shortly after it was bought by
Bombardier Inc. She rose to become vice-president for corporate strategy and public affairs in 1994 and then vice-president, UK aerospace services in 1995.
In 1996, she became director of planning and acquisitions for
Imperial Chemical Industries
Imperial Chemical Industries (ICI) was a British chemical company. It was, for much of its history, the largest manufacturer in Britain.
It was formed by the merger of four leading British chemical companies in 1926.
Its headquarters were at M ...
before joining the company's executive management team as executive vice-president for planning and communications in 1997, and continuing as executive vice-president for strategy and control from 1998 to 2001. From 2002 to 2006, Fairhead served as chief financial officer for
Pearson PLC
Pearson plc is a British multinational corporation, multinational publishing and education company headquartered in London, England.
It was founded as a construction business in the 1840s but switched to publishing in the 1920s.J. A. Spende ...
.
Fairhead moved to the
Financial Times Group
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikke ...
(a subsidiary of Pearson) in 2006 as chief executive.
She oversaw the sale of several of the group's other titles during her tenure.
She has also served as a
non-executive director
A non-executive director (abbreviated to non-exec, NED or NXD), independent director or external director is a member of the board of directors of a corporation, such as a company, cooperative or non-government organization, but not a member of the ...
on the boards of several large corporations, including
PepsiCo
PepsiCo, Inc. is an American multinational food, snack, and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase. PepsiCo's business encompasses all aspects of the food and beverage market. It oversees the manuf ...
, and is a former Director of
HSBC Holdings
HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tril ...
and former "business ambassador" for
UK Trade & Investment
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.
She stepped down from her Financial Times role in 2013 after being overlooked for the position of Chairwoman of the Pearson Group when the post was vacated by the previous incumbent,
Marjorie Scardino
Dame Marjorie Scardino, , FRSA ( Morris; born 25 January 1947) is an American-born British business executive. She is the former CEO of Pearson PLC. Scardino became a trustee of Oxfam during her tenure at Pearson.
She was criticized by ''Pri ...
.
Her leaving package was estimated to be worth over £1 million in addition to stock options estimated at over £3 million—a contributing factor to a shareholder revolt at Pearson's annual general meeting in April 2014.
In August 2014
Culture Secretary
The secretary of state for digital, culture, media and sport, also referred to as the culture secretary, is a secretary of state in the Government of the United Kingdom, with overall responsibility for strategy and policy across the Department f ...
Sajid Javid
Sajid Javid (; born 5 December 1969) is a British politician who served as Secretary of State for Health and Social Care from June 2021 to July 2022, having previously served as Home Secretary from 2018 to 2019 and Chancellor of the Exchequer f ...
recommended Fairhead as the preferred candidate for the chairmanship of the
BBC Trust
The BBC Trust was the governing body of the British Broadcasting Corporation (BBC) between 2007 and 2017. It was operationally independent of BBC management and external bodies, and its stated aim was to make decisions in the best interests of ...
, following the departure of
Chris Patten
Christopher Francis Patten, Baron Patten of Barnes, (; born 12 May 1944) is a British politician who was the 28th and last Governor of Hong Kong from 1992 to 1997 and Chairman of the Conservative Party from 1990 to 1992. He was made a life pe ...
, who resigned on health grounds in May.
Sources such as ''
The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Gu ...
'' and ''
The Daily Telegraph
''The Daily Telegraph'', known online and elsewhere as ''The Telegraph'', is a national British daily broadsheet newspaper published in London by Telegraph Media Group and distributed across the United Kingdom and internationally.
It was fo ...
'' reported that her appointment had caused surprise at the BBC, which had expected someone with a higher public profile to get the job.
Others considered for the post were
Sebastian Coe
Sebastian Newbold Coe, Baron Coe, (born 29 September 1956), often referred to as Seb Coe, is a British politician and former track and field athlete. As a middle-distance runner, Coe won four Olympic medals, including 1500 metres gold medal ...
, the former Chairman of the
, and former
Camelot Group
The Camelot Group is the operator of the UK National Lottery whose current franchise period started in 2009 and runs until February 2024. It has also operated the Illinois State Lottery in the state of Illinois in the United States since 20 ...
chief executive
Dianne Thompson
Dame Ila Dianne Thompson, DBE ( Wood; born 31 December 1950) is a British businesswoman. She was Chief Executive Officer of Camelot Group from 2000 to 2014.
Early life and education
Thompson was born on 31 December 1950 to Ronald and Joan ( Pin ...
.
[ Fairhead officially took up the BBC Trust role on an acting basis on 9 September 2014, following approval by the House of Commons Select Committee for Culture, Media and Sport.] She was formally appointed by the Privy Council of the United Kingdom
The Privy Council (PC), officially His Majesty's Most Honourable Privy Council, is a formal body of advisers to the sovereign of the United Kingdom. Its membership mainly comprises senior politicians who are current or former members of e ...
on 8 October 2014, for a four-year term beginning the following day.
In September 2016, Fairhead announced that she would not be applying to head the new unitary board replacing the BBC Trust.
Appearance before Public Accounts Committee
In March 2015 Fairhead appeared before the Public Accounts Committee of the House of Commons
The House of Commons is the name for the elected lower house of the bicameral parliaments of the United Kingdom and Canada. In both of these countries, the Commons holds much more legislative power than the nominally upper house of parliament. ...
as a non-executive director of the Swiss subsidiary of HSBC. Margaret Hodge
Dame Margaret Eve Hodge, Lady Hodge, (née Oppenheimer, formerly Watson; born 8 September 1944) is a British politician serving as the Member of Parliament (MP) for Barking since 1994. A member of the Labour Party, she previously served as ...
, the chair of the committee, stated that in the light of her performance as an HSBC director, she was no longer fit to continue in her role heading the BBC Trust. Hodge was accused of making a "bullying" attack.
Ministerial and parliamentary career
On 28 September 2017 the government announced that Fairhead would become an unpaid Minister of State at the Department for International Trade, succeeding Mark, Lord Price. In addition, it was announced that Fairhead would be granted a life peer
In the United Kingdom, life peers are appointed members of the peerage whose titles cannot be inherited, in contrast to hereditary peers. In modern times, life peerages, always created at the rank of baron, are created under the Life Peerages ...
age. On 19 October, she was created Baroness Fairhead, of Yarm in the County of North Yorkshire.
Baroness Fairhead resigned her ministerial position on 7 May 2019, citing personal reasons.
Personal life
Baroness Fairhead's husband, Thomas Edwin Fairhead, is a businessman and director of Campbell Lutyens. He was a Conservative
Conservatism is a cultural, social, and political philosophy that seeks to promote and to preserve traditional institutions, practices, and values. The central tenets of conservatism may vary in relation to the culture and civilization i ...
councillor for Earl's Court
Earl's Court is a district of Kensington in the Royal Borough of Kensington and Chelsea in West London, bordering the rail tracks of the West London line and District line that separate it from the ancient borough of Fulham to the west, the ...
in West London from 1994 to 2010. He now serves as an honorary alderman
An alderman is a member of a Municipal government, municipal assembly or council in many Jurisdiction, jurisdictions founded upon English law. The term may be titular, denoting a high-ranking member of a borough or county council, a council membe ...
of the Royal Borough of Kensington and Chelsea
The Royal Borough of Kensington and Chelsea is an Inner London borough with royal status. It is the smallest borough in London and the second smallest district in England; it is one of the most densely populated administrative regions in the ...
. The couple have three children.
Rona Fairhead is a qualified pilot and her hobbies include flying and scuba diving. Towards the end of her tenure with the Financial Times Group, Fairhead was treated for breast cancer
Breast cancer is cancer that develops from breast tissue. Signs of breast cancer may include a lump in the breast, a change in breast shape, dimpling of the skin, milk rejection, fluid coming from the nipple, a newly inverted nipple, or a re ...
. She was appointed a Commander of the Order of the British Empire
The Most Excellent Order of the British Empire is a British order of chivalry, rewarding contributions to the arts and sciences, work with charitable and welfare organisations,
and public service outside the civil service. It was established o ...
(CBE) in the 2012 New Year's Honours List for "services to UK Industry".
References
{{DEFAULTSORT:Fairhead, Rona Alison
1961 births
Living people
Alumni of St Catharine's College, Cambridge
Chairmen of the BBC
Commanders of the Order of the British Empire
Conservative Party (UK) life peers
Life peers created by Elizabeth II
Harvard Business School alumni
Trustees of the British Broadcasting Corporation
People from Cumbria
Women chief financial officers