Sir Iain Maxwell Stewart (1916–1985) LLD (Strathclyde), BSc, MINA, MINE, MIMEch.E was a Scottish industrialist with a strong interest in modernising industrial relations.
Sir Iain Maxwell Stewart LLD (Strathclyde), BSc, MINA, MINE, MIMEch.E | |
|---|---|
 Sir Iain M Stewart in 1968. | |
| Born | 1916 |
| Died | 17 December 1985 (aged 68–69) |
| Education | Lorreto School, Edinburgh |
| Occupation | Scottish Industrialist |
| Parent(s) | William Maxwell Stewart, Jessie Brown |
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Background
editStewart was a son of William Maxwell Stewart (1874–1926) who was one of three brothers with Alexander William Stewart (1865–1933) and Frederick Charles Stewart (1879–1950). William and Alexander worked in the Clydebank shipyard of J&G Thomson & Co Ltd, later John Brown & Company, while Frederick became an electrical engineer. In 1901 the three brothers formed their own Glasgow-based company, Thermotank,[1] which successfully pioneered heating, cooling and ventilation systems, including the 'Punkah Louvre' and 'Thermo-Reg Louvre', fitted in ships, aircraft, trains and buildings.[2]
Fully qualified as a ventilating engineer, Iain M Stewart – now a Lieutenant in the Fife & Forfar Yeomanry – married in November 1941, at Troon, Margaret Jean Walker, only daughter of chemical manufacturer Brigadier-General James Workman Walker and of Jane Stevenson, Redburn House, Irvine.[3] They set up home in Lochbrae House, Bearsden and had four children.
Career
editThermotank
editWhen Frederick died a bachelor in 1950, the Thermotank business interests passed to his then 34-year old nephew, Iain, the surviving son of William.[4] In 1959, Iain Stewart also became chairman of a holding company, Hall-Thermotank Ltd, formed after a merger with Dartford-based J & E Hall.[5]
With its headquarters in Helen Street, Govan, the pioneering heating, cooling and ventilating Thermotank Ltd group of companies in Glasgow soon had branches and agencies world-wide. Clients included shipping lines, navies, railway companies, airlines, major offices, hotels and commercial firms, including the processing and transporting of liquids and high volume goods. He promoted the integration and joint working of employees and management.[6]
Industrial relations
editStewart was president of the Institution of Engineers and Shipbuilders in Scotland during which period he founded the biennial Marlow lectures, which commenced in 1964.[7] The name of the lectures derived from the Marlow Declaration of 1963.[8] Stewart was the seventh of 26 signatories ("from the churches, the boardrooms, the trade unions and the teaching profession") of those who met in Marlow over 15 months between November 1961 and February 1963 to discuss social and industrial relations. The Declaration was considered a clear statement of the problems then facing industry.[9] It talked about an ethical approach to business and social issues, stating that industry had five responsibilities, to employees, to shareholders, to consumers, to local community and to the nation.[10] It held that "the most valuable asset of any organization is best measured by the skill, knowledge, loyalty, enthusiasm and goodwill of those whom it employs, and those with whom it does business."[11]
Sir Iain M Stewart gave the Institution of Engineers and Shipbuilders the substantial sum of £10,000 to underwrite the aptly-named Marlow Lectures, an important event in Scotland's calendar.[12] Stewart gave the Fifth Marlow lecture in 1972, titled "Redundancy – the Scrap Heap or a New Job Opportunity?",[7] The printed paper published in October 1972 by IESIS, Glasgow, of 156 pages includes the full Marlow Declaration at pages 48 to 54 [13]
A keen golfer (later captain of The Royal and Ancient Golf Club of St Andrews, 1972–1973),[14] Stewart was a golfing partner with actor Sean Connery,[15] a connection which led to the latter directing and presenting his own film,[16] The Bowler and the Bunnet in 1967.[17][18][16] The film described the Fairfield Experiment, a new approach to industrial relations carried out at the Fairfield Shipbuilding and Engineering Company, Glasgow during the 1960s, initiated by Stewart, and supported by George Brown, the First Secretary in Harold Wilson's cabinet, in 1966.[19][20] The company was facing closure, and Brown agreed to provide £1 million to enable trade unions, the management and the shareholders to try out new ways of industrial management.[21][22] As Fairfield (Glasgow) Ltd, the first ship delivered was a bulk carrier named Atlantic City, in February 1967, when Stewart said the Fairfield experiment was working as a proving ground for industrial relations.[23]
Honours
editStewart was knighted in the 1968 Birthday Honours.[24] In April 1975, he was awarded an honorary Doctor of Laws degree by the University of Strathclyde.[25]
Directorships
editIn addition to the Thermotank companies Stewart was a long serving director and eventual vice-chairman of Scottish Television (STV). Its founder Roy Thomson, 1st Baron Thomson of Fleet became a major investor in Fairfields (Glasgow) Ltd, as did Sir Iain M Stewart. To support the innovations at Fairfields STV's personnel department and some journalists moved their base to Govan from the Theatre Royal HQ of STV in Hope Street, Glasgow.[26]
He also served as a director of many other companies including Babcock & Wilcox, Eagle Star Insurance, British Caledonian Airways of which he became deputy-chairman, retiring in 1984 one year before his death, British Airways, National Commercial Bank of Scotland, Royal Bank of Scotland, Dorchester Hotel owned by the family of Sir Robert McAlpine, Radio Clyde, and Lyle Shipping Co Ltd of which he became chairman.[27]
Sean Connery, Sir Iain M Stewart and F1 world racing champion Sir Jackie Stewart formed the Scottish International Educational Trust in 1970, which continues today.[28] Stewart bequeathed funds for the Sir Iain Stewart Foundation, which also continues today.[29]
Death
editSir Iain Maxwell Stewart died at his home in December 1985.[30]
References
edit- ^ Information taken from a Thermotank Ltd brochure "Thermotank, 50 Years of Air Conditioning Heating and Ventilating". Thermotank Ltd Brochure. 1951
- ^ Information from a Thermotank technical brochure, "The Punkah Louvre", c. 1935
- ^ Scotlandspeople November 1941
- ^ "Frederick C. Stewart obituary". The Scotsman. 17 March 1950.
- ^ Miller, Harry (1985). Halls of Dartford 1785–1985. London: Hutchinson Ltd. pp. 147–166. ISBN 9780091584900.
- ^ ″Blowing Hot and Cold: Thermotank and the Story of Air Conditioning at Sea″ by Ian Johnston, published 2024, by Pen & Sword Books Ltd.
- ^ a b "Marlow (Scotland) Lectures". www.iesis.org. Institution of Engineers and Shipbuilders in Scotland. Retrieved 1 March 2018.
- ^ Reproduced in Fogarty, Michael Patrick (1963). Working Together; a Commentary on the Marlow Declaration. Catholic Social Guild. Retrieved 4 April 2022.
- ^ Lord Ampthill in "Industrial Disputes: debated on Wednesday 21 July 1965". Hansard (Volume 268). Retrieved 4 April 2022.
- ^ Gilchrist, R R (2018). Managing for Profit: The Added Value Concept. Routledge. p. 13. ISBN 9781351343473.
- ^ Francis, Ronald D; Murfey, Guy (2015). Global Business Ethics: Responsible Decision Making in an International Context. Kogan Page. pp. 16–17. ISBN 9780749473969. Retrieved 4 April 2022.
- ^ Ships & Shipbuilders: Pioneers of Design and Construction by Fred M Walker, published in 2010
- ^ IESIS Paper no 1371 Fifth Marlow Scottish) Lecture, 11th October 1972
- ^ Mallon, Bill; Jerris, Randon (2011). Historical Dictionary of Golf. Scarecrow Press. p. 720. ISBN 9780810874657.
- ^ Naughtie, James (2020). On the Road: Adventures from Nixon to Trump. Simon and Schuster. ISBN 9781471177439.
- ^ a b "Bowler and the Bunnet, The (1967)". www.screenonline.org.uk. BFI Screenonline. Retrieved 2 March 2018.
- ^ Connery, Sean (27 February 2011). "Sir Sean Connery exclusive: The Clyde yard that shaped my politics ... and its Tory boss who introduced me to golf". Herald on Sunday. Retrieved 4 April 2022.
- ^ Galbraith, Russell (4 November 2020). "Sean Connery: An enduring myth". Scottish Review. Archived from the original on 21 March 2023. Retrieved 4 April 2022.
- ^ Whatever Happened at Fairfields?, by Sydney Paulden and Bill Hawkins, published by Gower Press, 1969.
- ^ Walker, Fred M (2010). Ships & Shipbuilders: Pioneers of Design and Construction. Pen and Sword. ISBN 9781783830404.
- ^ Dudgeon, Piers (2012). Our Glasgow: Memories of Life in Disappearing Britain. Headline. ISBN 9780755364466. Retrieved 14 March 2018.
- ^ Gascoigne, Steven; Whiteside, Noel (2009). "The promotion of capabilities in Sweden: a case study of the contraction of shipbuilding in Gothenburg". International Journal of Sociology and Social Policy. 29 (11–12): 587–598. doi:10.1108/01443330910999032.
- ^ Leadbetter, Russell (10 October 2018). "THOSE WERE THE DAYS – 1967: Important step for the Fairfield experiment". Herald Scotland. Retrieved 4 April 2022.
- ^ United Kingdom list: "No. 44600". The London Gazette (Supplement). 31 May 1968. pp. 6299–6331.
- ^ "Honorary Graduates". StudyLib.net. Retrieved 4 April 2022.
- ^ Theatre Royal: Entertaining a Nation by Graeme Smith, published in 2008
- ^ Whatever Happened at Fairfields? by Sydney Paulden & Bill Hawkins, published in 1969
- ^ "The Scottish International Education Trust – Supporting Excellence in Need". Retrieved 29 March 2023.
- ^ "Sir Iain Stewart Foundation – Funding Scotland". Retrieved 29 March 2023.
- ^ "Scottish Industrialist Dead of Gunshot Wounds". AP News. AP. 18 December 1985. Retrieved 4 April 2022.