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The key person at Northamber (LSE:NAR) does not yet have a Board seat. Alexander Phillips has been working for the family company for six years and my guess is that he, his sister and mother will have control over the company through a 63% holding. It’s worth taking a look at Alex’s background.
Alexander Phillips
After graduating with an BSc in Management from LSE in 2007 he signed on for an International Management MSc at LSE, gaining his second degree in 2008. While on that course he studied for one term at NYU Stern School of Business.
He was then a management consultant with Monitor Group helping many firms for five years. Here are some of his projects,
- Middle East Real Estate Development. Scanned the market to identify potential opportunities and partners for a high-profile real estate development. Created business plans for 12 component businesses.
- Embedded consumer-driven approach to innovation for a large consumer healthcare firm. Systematically prioritized their innovation pipeline to help focus investment. Identified brand potential of a new product by analyzing consumer appeal. Identified priority consumers and potential opportunities stemming from unmet needs
- Consumer Healthcare. Helped a client understand the global OTC market including key opportunities by both market and category and the capabilities required to address these.
- Consumer Healthcare. Refined positioning strategy for an underperforming product.
He was interviewed on ChannelWeb in 2016
What is your least favourite task during the working day?
I love my work [at Northamber] so it’s hard to answer this. I’m extremely passionate about what we are doing and am usually one of the first in and last out but despite that still find the work day is never long enough to get everything done that I want to.
If you won the big one on EuroMillions, what would you do?
I’m a huge travel fan so that would definitely be something I would do a lot more of.
What is your worst habit?
I’m a bit of a workaholic; luckily my team is used to getting emails with ideas from me at weird times of the day or night.
My impression about Alex (with limited knowledge about him – if you know him or about him please add a comment)
Alex is a trained management consultant, exposed to years rational critical thinking processes with regard to strategic positions. He also works too hard and would rather be travelling.
Will he have the same drive to persist with this proven loss-maker as his father? I doubt it. Perhaps he is about to make a breakthrough on Northamber’s profitability. If so, that’ll be great for him and other shareholders – and for the staff. Then all the long days in the office will be worth it. What are the odds?
There are three directors.
John Phelim Henry, 57, Operations Director
John Henry joined Northamber’s sales department in 1992, and later became general manager, and so has seen good times and bad. He is likely to be concerned about his friends and work colleagues should there be a rapid downsizing. He was promoted to Operations Director in 2012 and has experienced nothing but Northamber operating losses since then.
Remuneration of £87,000 in both 2018 and 2019. Holds no shares in Northamber.
During 2019 the company paid £13,300 (20
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