Newspaper article Evening Gazette (Middlesbrough, England)

Man Who Met the Challenge; North-East Business Executive of the Year Winner John Clough, 48, Chief Executive, Eaga Plc, Newcastle

Newspaper article Evening Gazette (Middlesbrough, England)

Man Who Met the Challenge; North-East Business Executive of the Year Winner John Clough, 48, Chief Executive, Eaga Plc, Newcastle

Article excerpt

Byline: John Clough

IN 1990, John Clough set up Eaga with a couple of like-minded colleagues. He had his own special reason to take the plunge, though even he never guessed Eaga would grow into the success it is today.

In June this year Eaga floated on the main market of the London Stock Exchange.

Within weeks it had been admitted to the prestigious FTSE-250 index of companies, and is now the leading green support services organisation.

Working with national and devolved governments, utility companies, local authorities and social housing providers, Eaga's key focus is on protecting the environment, by cutting residential carbon emissions and increasing energy efficiency, and addressing social issues primarily through eradicating fuel poverty.

Since 1990 Eaga has helped lift several million people out of fuel poverty and improved living conditions and lowered fuel bills in some five million homes.

It now improves energy efficiency in over 1,000 homes a day and fits or repairs a central heating system every minute of each working day.

While Eaga is an important North-East-based plc, its path to the stock market was markedly different from that of most other companies - reflecting its unique story and John's leadership style.

The first 10 years were spent as a non-profit distributing organisation, leading government-funded efforts to improve the living conditions of vulnerable families.

In 2000 Eaga became an employee-owned partnership, adopting a structure very similar to the John Lewis model.

By 2004 expansion had begun to quicken following its first major acquisition and the way was clear for a successful and unique flotation.

Under Mr Clough's guidance, however, the core values underpinning Eaga as a true partnership - treating all stakeholders including staff, customers and communities with integrity, respect and enthusiasm - remain at the very heart of the new Eaga plc.

The partnership approach has been carried into the plc environment. At float more than 51% of the company remained in employee hands and the largest single shareholder remains the Eaga Partnership Trust, which holds a 37% stake for the ongoing benefit of all Eaga employees.

While the North-East Business Executive of the Year recognises it, Mr Clough, like many other finalists is quick to point out that successful teams create successful businesses. But, what of the man himself?

Mr Clough grew up in Bedlington, son of a Northumbrian miner. He was educated at Bedlington Grammar school and Newcastle University. As a National Coal Boardmanager in 1990 he was forced to shut his plant at Hebburn in South Tyneside that cost 330 families their livelihoods.

He also, he recalls, had a hand in the overall plan that led to closure of pits in the region. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.