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Sir Michael Lawrence Davis (born 15 February 1958) is a British politician and former South African businessman, currently serving as the Chief Executive and Treasurer of the Conservative Party and formerly the chief executive (CEO) of Xstrata plc, an Anglo-Swiss multinational mining company, until its merger with Glencore in 2013. After leaving Xstrata, he formed the mining venture, X2 Resources,[4] and after making substantial donations, became the CEO and Treasurer of the British Conservative Party.

Sir Mick Davis
Chief Executive of The Conservative Party
Assumed office
27 June 2017
LeaderTheresa May
ChairmanSir Patrick McLoughlin (2017)
Brandon Lewis (2018)
Preceded byPosition established
Treasurer of the Conservative Party
Assumed office
27 June 2017
LeaderTheresa May
Deputy[3]Mike Chattey OBE[2]
ChairmanSir Patrick McLoughlin (2017)
Brandon Lewis (2018)
Preceded byAndrew Fraser
Succeeded byEhud Sheleg (2019)[1]
CEO of Xstrata PLC
In office
2001–2013
Succeeded byGlencore
Personal details
Born
Michael Lawrence Davis

(1958-02-15) 15 February 1958 (age 61)
South Africa
NationalityBritish/South African
Political partyConservative
Spouse(s)Barbara Davis
Children3
Alma materRhodes University
WebsiteParty website

Contents

Early life and educationEdit

Mick Davis was born to a South African Jewish family[5] on 15 February 1958. He was educated at Theodor Herzl School, Port Elizabeth, South Africa. He has a bachelor of commerce degree from Rhodes University and is a qualified accountant.[6]

CareerEdit

Davis was a senior manager with the accountants Peat Marwick Mitchell & Co from 1980–1986. Davis was an executive director of the South African state-owned Eskom, one of the world’s largest electricity utilities, before joining Gencor Ltd in 1994. He served as executive chairman of Ingwe Coal Corporation Ltd from 1995, until appointed in July 1997 as Chief Financial Officer and an executive director of Billiton plc. He served as Chief Executive of Xstrata from 2001[7] but left in 2013, after the company was taken over by Glencore. He subsequently formed the mining venture, X2 Resources, with former colleagues including former Xstrata finance director Trevor Reid and executives Thras Moraitis, Andrew Latham, Ian Pearce and Benny Levene.[4][8]

Davis has extensive capital markets and corporate transactions experience. During his career, he has raised almost US$40 billion from global capital markets and completed over US$120 billion of corporate transactions. Some of his successes are the creation of the Ingwe Coal Corporation in South Africa; the listing of Billiton on the London Stock Exchange;[9] the merger of BHP and Billiton into the largest diversified mining company in the world;[10] the initial public offering of Xstrata plc on the London Stock Exchange in 2002[11] and Xstrata's subsequent acquisitions of MIM Holdings[12] and Falconbridge Limited,[13] amongst others and most recently the successful merger of Xstrata and Glencore.[14] Early in 2015 he and his partners successfully closed the X2 Resources fund after raising almost US$6 billion from a combination of sovereign wealth, pension and private equity funds.[15]

Charitable workEdit

From 2009 to 2017 Davis was president of the council of members and chairman of the board of trustees of the Jewish Leadership Council of the United Kingdom,[16] the umbrella body of the largest Jewish charities and Institutions in the UK responsible for the strategic imperatives of UK Jewry. He is also Chairman of the Holocaust Memorial Commission of the United Kingdom.[17] He is a trustee of the Foundation and Friends of the Royal Botanic Gardens,[18] Kew, which supports the work of the Royal Botanic Gardens, Kew. Davis is also a member of the Brookings International Advisory Council[19] and a trustee of the Institute of National Security Studies.[20]

In February 2018 Davis came under criticism for allegedly participating in a cover-up in 2013 of alleged financial impropriety at the Jewish Leadership Council charity where he was Chair.[21][22][23] The Jewish Chronicle subsequently published parts of emails by Davis outlining his proposed resolution to have the CEO resign on the grounds of ill health and that he hoped the full details would not be leaked.[24][25]

PoliticsEdit

In 2016, Davis was appointed treasurer of the British Conservative Party.[26] In June 2017, he was also appointed CEO of the party.[27] In October 2017, commentator Iain Dale placed Davis at number 83 in 'The Top 100 Most Influential People on the Right'.[28]

In March 2018, along with David Brownlow, Davis donated money to pay Ben Bradley's legal bills resulting from Ben's tweet falsely accusing Jeremy Corbyn of "selling British secrets to communist spies in the 1980s".[29]

Personal lifeEdit

His wife Barbara is a solicitor.[18] They live in London with their three children, Sarah, Ronit and Eitan.[30][31]

HonoursEdit

In the 2015 Queen's Birthday Honours, he was appointed a Knight Bachelor 'for services to Holocaust Commemoration and Education'.[32]

He holds an honorary doctorate from Bar Ilan University.[citation needed]

ReferencesEdit

  1. ^ https://www.thejc.com/news/uk-news/ehud-sheleg-conservative-party-treasurer-1.464445
  2. ^ "Tories hit by exit of top fundraising marketer". campaignlive.co.uk. Retrieved 19 August 2018.
  3. ^ Westminster, Department of the Official Report (Hansard), House of Commons,. "House of Commons Hansard Debates for 26 Mar 2012 (pt 0001)". publications.parliament.uk. Retrieved 19 August 2018.
  4. ^ a b "X2 Resources secures a further $1bn of funds to expand mining business". Mining Technology. 16 October 2014. Retrieved 14 May 2015.
  5. ^ Jewish Chronicle: "JC Power 100 2014 - Mick Davis" September 10, 2014
  6. ^ "Mick Davis". Who's Who South Africa. Retrieved 15 November 2012.
  7. ^ Power, Helen; Helia Ebrahimi, Helia; Rowley, Emma (8 September 2012). "The Glencore-Xstrata war has turned friends into foes". The Daily Telegraph. Retrieved 3 September 2014.
  8. ^ "The Team :: x2 Resources". x2resources.com. Retrieved 31 March 2016.
  9. ^ Grimond, Magnus (19 June 1997). "Gencor to raise $1bn through Billiton split". The Independent. Retrieved 31 March 2016.
  10. ^ Parkinson, Gary (19 March 2001). "Billiton and BHP agree merger plans". The Daily Telegraph. Retrieved 31 March 2016.
  11. ^ Strydom, Martin (18 March 2002). "Xstrata IPO could raise £850m for coal deal". The Daily Telegraph. Retrieved 31 March 2016.
  12. ^ Batt, By Carolyn. "Xstrata to acquire MIM for £1.9bn". Telegraph.co.uk. Retrieved 31 March 2016.
  13. ^ "Xstrata wins Falconbridge battle". BBC News. 15 August 2006. Retrieved 31 March 2016.
  14. ^ Peston, Robert. "Glencore and Xstrata announce $90bn merger deal". BBC News. Retrieved 31 March 2016.
  15. ^ "Mick Davies' X2 Resources raises $5.6 billion". MINING.com. Retrieved 31 March 2016.
  16. ^ Jewish Leadership Council web-site, accessed on 4 April 2018
  17. ^ "Prime Minister's Holocaust Commission Report - Publications - GOV.UK". www.gov.uk. Retrieved 31 March 2016.
  18. ^ a b "Kew Foundation appoints new Trustees to the board" (Press release). Royal Botanic Gardens Kew. 15 May 2009. Retrieved 3 September 2014.
  19. ^ "International Advisory Council". The Brookings Institution. Retrieved 31 March 2016.
  20. ^ INSS. "The Institute for National Security Studies". INSS. Retrieved 31 March 2016.
  21. ^ Brown, David (9 February 2018). "Tory party chief comes under fire for 'covering up charity scandal'". The Times. London. Retrieved 12 February 2018.
  22. ^ Brown, David (10 February 2018). "Labour activist Jeremy Newmark resigns in row over charity expenses". The Times. London. Retrieved 12 February 2018.
  23. ^ Cooney, Rebecca (9 February 2018). "Regulator assesses allegations against ex-chief of Jewish Leadership Council". Third Sector. Retrieved 12 February 2018.
  24. ^ Harpin, Lee (22 February 2018). "Exclusive: Emails reveal extent of JLC's Jeremy Newmark cover-up". The Jewish Chronicle. Retrieved 23 February 2018.
  25. ^ Brown, David (23 February 2018). "Tory chief Sir Mick Davis accused of expenses cover-up". The Times. London. Retrieved 23 February 2018.
  26. ^ Goodman, Paul (22 September 2016). "McLoughlin announces new top CCHQ team – including a Vice-Chairman for Training | Conservative Home". Conservative Home. Retrieved 1 December 2017.
  27. ^ Wallace, Mark (27 June 2017). "Exclusive: McLoughlin appoints Chief Executive and Vice Chairman for Campaigning at CCHQ | Conservative Home". Conservative Home. Retrieved 1 December 2017.
  28. ^ Dale, Iain (2 October 2017). "The Top 100 Most Influential People On The Right: Iain Dale's 2017 List". LBC. Retrieved 1 December 2017.
  29. ^ "Ben Bradley MP, Mansfield - TheyWorkForYou". TheyWorkForYou. Retrieved 10 June 2018.
  30. ^ "Jewish Leadership Council:Mick Davis". Jewish Leadership Council. Retrieved 15 November 2012.
  31. ^ Wachman, Richard (14 February 2010). "Xstrata's big boss with bigger ambition". The Observer. Retrieved 3 September 2014.
  32. ^ "No. 61256". The London Gazette (Supplement). 13 June 2015. p. B2.