Penny Hughes

Penny Hughes CBE (born 1959) is a British businesswoman, and the former chair of Aston Martin.

For the fictional character, see Penny Hughes (As the World Turns).

Penny Hughes
Born1959 (age 60–61)
West Kirby, Cheshire, England
EducationBirkenhead High School
Alma materUniversity of Sheffield
Occupationbusinesswoman
TitleChair, IQ Student Accommodation
Children2 sons

Early life

Hughes was born in West Kirby, the youngest of three daughters in a middle-class family.[1]

Hughes was educated at Birkenhead High School.[2][3] While at the school she represented the county at hockey and lacrosse.[2] She earned a bachelor's degree in chemistry from the University of Sheffield in 1980.[2][4]

Career

She joined Procter & Gamble, as a technologist, then moved to the sales and marketing department. She was then recruited by the Milk Marketing Board, and later joined Coca-Cola as a brand manager. By 1989, having successfully overseen the merger of the bottling interests of Coca-Cola UK and Schweppes, she was appointed commercial director. In 1993, at the age of 33 she became president of the UK and Ireland businesses of Coca-Cola.[5]

She has been a director of the Bodyshop, GAP, Trinity Mirror, Next, Skandinaviska Enskilda Banken, Vodafone and Reuters. She has been a non-executive director with Royal Bank of Scotland Group since January 2010, and a member of the boards remuneration committee.[6] She is a non-executive director of Morrisons, Cable & Wireless and Home Retail Group. She is a trustee of the British Museum and president of the Advertising Association.

In February 2018, Hughes was appointed as the chair of IQ Student Accommodation, the UK's largest provider of student housing.[7]

In September 2018, Hughes was appointed as the chair of Aston Martin.[8]

On 31 January 2020 it was announced that Canadian billionaire Lawrence Stroll was leading a consortium who will pay £182 million in return for 25% stake in the company. The re-structuring includes a £318 million cash infusion through a new rights issue, generating a total of £500 million for the company. Stroll will also be named as chairman, replacing Hughes.[9][10][11][12][13]

Honours

She was appointed Commander of the Order of the British Empire (CBE) in the 2011 Birthday Honours for services to the media industry.[14][15]

Personal life

She has two sons.[16][1]

References
  1. "Milk and Coca Cola make Penny Woman of the Year". Wirral Globe. Retrieved 10 September 2018.
  2. "Business big shot: Penny Hughes, incoming non executive, Wm Morrison". 16 December 2009. Retrieved 10 September 2018 – via www.thetimes.co.uk.
  3. "Notable alumnae". gdst.net. 16 February 2016. Retrieved 10 September 2018.
  4. Sheffield, University of. "Sporting star and University graduate receives MBE - Latest - News - The University of Sheffield". www.sheffield.ac.uk. Retrieved 10 September 2018.
  5. "Penny Hughes – Business Speaker". archive.org. 16 July 2011. Retrieved 10 September 2018.
  6. RBS Press Announcement Archived 5 October 2009 at the Wayback Machine
  7. Curry, Rhiannon (18 February 2018). "RBS director to chair UK's largest student digs company". Retrieved 10 September 2018 – via www.telegraph.co.uk.
  8. Neate, Rupert (10 September 2018). "Aston Martin names first female chair as it prepares for £5bn float". the Guardian. Retrieved 10 September 2018.
  9. "Billionaire Stroll Takes Stake in Aston Martin In $655 Million Rescue Deal". Forbes. 31 January 2020. Retrieved 31 January 2020.
  10. "F1 billionaire owner in Aston Martin rescue deal". BBC News. 31 January 2020. Retrieved 31 January 2020.
  11. "Aston Martin has been bailed out by Formula 1 billionaire". CNN. 31 January 2020. Retrieved 3 February 2020.
  12. "Aston Martin to Sell Stake to Formula One Billionaire". Bloomberg. 31 January 2020. Retrieved 3 February 2020.
  13. "Lawrence Stroll: the F1 boss and fashion tycoon rescuing Aston Martin". The Guardian. 31 January 2020. Retrieved 3 February 2020.
  14. "No. 59808". The London Gazette (Supplement). 11 June 2011. p. 7.
  15. "Main list of the 2011 Queen's birthday honours recipients" (PDF). BBC News UK. Retrieved 11 June 2011.
  16. "Penny Hughes". growthcompany.co.uk. 1 October 2000. Retrieved 10 September 2018.
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