British businesswoman (born 1959)
Penny Hughes
CBE
(born 1959) is a British businesswoman, and the chair of
IQ Student Accommodation
. She is the former chair of
Aston Martin
and
The Gym Group
.
Early life
[
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]
Hughes was born in
West Kirby
, the youngest of three daughters in a middle-class family.
[2]
Hughes was educated at
Birkenhead High School
.
[3]
[4]
While at the school she represented the county at
hockey
and
lacrosse
.
[3]
She earned a bachelor's degree in chemistry from the
University of Sheffield
in 1980.
[3]
[5]
Career
[
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]
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.
[6]
[7]
She has been a director of the
Bodyshop
,
GAP
,
Trinity Mirror
,
Next
,
Skandinaviska Enskilda Banken
,
Vodafone
and
Reuters
. She was a non-executive director of the
Royal Bank of Scotland Group
between 2010 and 2018 and a member of the boards remuneration committee.
[8]
She is a non-executive director of
Morrisons
,
Cable & Wireless
and
Home Retail Group
.
[3]
She is a trustee of the
British Museum
and president of the
Advertising Association
.
[7]
In February 2018, Hughes was appointed as the chair of
IQ Student Accommodation
, the UK's largest provider of student housing.
[9]
In September 2018, Hughes was appointed as the chair of
Aston Martin
.
[10]
In January 2020 it was announced that Canadian billionaire
Lawrence Stroll
would replace Hughes as chairman after purchasing a 25% stake in the company.
[11]
[12]
[13]
In July 2022, Hughes stepped down as chair of
The Gym Group
.
[14]
Honours
[
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]
She was appointed
Commander of the Order of the British Empire
(CBE) in the
2011 Birthday Honours
for services to the media industry.
[15]
[16]
Personal life
[
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]
She has two sons.
[17]
[2]
Notes
[
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]
- ^
West Kirby was part of Cheshire in 1959. It later became part of
Merseyside
upon the county’s establishment in 1974.
References
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]
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Retail banking
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Private banking
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Investment banking
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Asset finance
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Former businesses
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RBS
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Retail banks
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Other
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Board of directors
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Trade union
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