Ian Roper Taylor (7 February 1956 – 8 June 2020) was a British businessman and philanthropist who was chairman and CEO of The Vitol Group, the world's largest independent energy trader. He was also the majority shareholder in Harris Tweed Hebrides, the primary producer of Harris Tweed cloth, which he helped to rescue in 2005.[2][3][4]
Taylor joined Shell shortly after graduating in 1978.[10][11] Within a year he had been sent to Venezuela as a trading representative.[2] He also performed roles in operations and trading.[11] In 1982 he became a crude and products trader, based in Singapore,[2] before moving in 1985 to Vitol Group,[2] a Dutch-owned energy and commodities company, with headquarters in Switzerland, which employs more than 5,440 people[12] in 40 offices worldwide.[13] Taylor spent seven years as a London-based manager for Vitol before moving back to Singapore as managing director of Vitol Asia in March 1992.[2] He set up a global crude oil trading team[10] and was involved in the formation of many international operations for the company.[11]
In June 1995, he was appointed CEO of Vitol Group, and held the position until March 2018, when he was replaced by Russell Hardy.[2][14][15] The company has undergone considerable expansion and now trades more than 7 million barrels of crude oil and related products every day and ships more than 350 million tonnes of crude oil and products each year.[16] With 2016 revenues of $152 billion,[16] Vitol is the world's biggest independent oil trading company.[17][18][13] In 2015 it was the world's ninth biggest corporation by revenue[6]
In addition to its trading activities, Vitol has stakes in five refineries worldwide, with a total refining capacity of 390,000 barrels a day, and has 15.9 million cubic metres of owned storage capacity.[13] In 2013 Vitol purchased the Immingham Combined Heat and Power plant in Lincolnshire for an undisclosed price. The giant gas-power plant, subsequently valued at £733m,[19] is the company's only major UK operation.[6]
Taylor was a non-executive director at Fortune Oil PLC, a position he held beginning in 1996. He served as an executive director of the same company from 1993 to 1996.[11] He was a director of Wimbledon Cafés Ltd and Wimbledon Restaurants Ltd.[20] He was a director of Weybourne Ltd, Weybourne Investment Holdings, Rosehill GP Ltd, Taypey Ltd and Allegro Enterprises Ltd.[20] He was a member of the advisory board of Stonehage Fleming Private Equity Ltd.[10]
Harris Tweed
In 2005, at the request of former Labour Party minister Brian Wilson, Taylor rescued the historic clothing brand Harris Tweed from the brink of collapse,[2] purchasing the derelict Shawbost mill on the Isle of Lewis for a reported £500,000, rebranding it as Harris Tweed Hebrides and investing a further £2 million into turning the business around.[21] Today, the company has a staff of 80, as well as providing employment for 130 self-employed home-based weavers,[2][3] and has a global customer-base that includes such brands as Chanel and J.Crew.[22]
In 2013, Harris Tweed Hebrides was named UKFT Textile Company of the Year,[23] and in 2015 it was Scottish Exporter of the Year for 2015. It has also won awards for outstanding contribution to style and fashion.[24]
Philanthropy
Vitol Foundation
Vitol began making charitable grants in 2002, and in 2006 the Vitol Foundation was established, with Taylor as its first chairman. Its declared purpose is to enable children living in deprivation to escape the cycle of poverty and reach their potential in life. Vitol employees are encouraged to identify projects that could benefit from the Foundation's support. Since 2006 the Vitol Foundation has funded over 2,000 projects, with a combined value of about £160 million, in 124 countries around the world.[25] In 2011 it received Save the Children's inaugural Outstanding Emergency Partner award.[26]
Taylor Family Foundation
In February 2007, Ian and Tina Taylor established the Taylor Family Foundation to increase the effectiveness of their charitable giving. The Foundation's main objectives are to advance education and promote the arts, especially by providing children and adults with access to training, tutoring and performances in the disciplines of drama and dance. It also tries to provide sports and recreational facilities for underprivileged young people.[27]
In addition to the work of his foundations, Taylor provided his services on a voluntary basis to a number of artistic institutions. In September 2016 he was appointed chairman of the Board of Trustees of the Royal Opera House (ROH). He had been chair of the ROH's Development Committee since 2013. He and his wife (who is an honorary director) were particularly associated with the ROH's programme of Schools Matinées, which allowed young people to attend performances at heavily subsidised prices, funded by the Taylor Family Foundation.[30][31]
Taylor was on the development board of the Victoria and Albert Museum and served on the board of Rambert Dance Company (formerly Ballet Rambert) from 2009 to 2014. He was also an honorary member of the Tate Foundation, supporting the creation of the Taylor Digital Studio at Tate Britain; and was a founder member of the Vitruvian Group, an international philanthropy circle that supports the work of the choreographer Wayne McGregor.[2][32] In 2015, Taylor gave a keynote speech at Dance UK's conference, "The Future: New Ideas, New Inspirations", discussing the importance of supporting dance education to ensure the sector's future talent.[33][34][35]
Other causes supported by the Taylors included UNICEF and the cancer charity Momentum.[36] "I'm a great believer in creating wealth so you can distribute it", Taylor told The Daily Telegraph in 2015.[6]
Personal life
Taylor met his future wife, Cristina Alicia Hare, in 1979, in Venezuela, where he was posted by his first employer, Shell.[6][37]
Taylor described himself as feeling "proudly Scottish"[9] although his accent suggested North West England.[6] He supported Manchester City.[2] A keen patron of the arts and an active philanthropist, he lived mainly in London but also had a home in Scotland.[6]
