Home Money Poppy Gustafsson receives gong and company bosses are knighted in New Year’s honors list

Poppy Gustafsson receives gong and company bosses are knighted in New Year’s honors list

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Cyber ​​services: Poppy Gustafsson, who had already obtained an OBE in 2019, was yesterday awarded a CBE for her

Former HSBC boss Noel Quinn, former Rolls-Royce chief executive Warren East and Darktrace founder Poppy Gustafsson are among the business leaders to receive awards in the New Year Honors list.

Quinn has been knighted in recognition of his contribution “to financial services and net zero emissions”.

The HSBC veteran, who worked for the bank for 37 years, shocked the city when he stepped down from the top job this year after taking the reins in 2020.

He oversaw a transformation of the lender that included cutting 35,000 jobs and propelled it to record profits last year.

And he fought an attempt by Chinese insurer Ping An, a major shareholder, to break up the 159-year-old bank.

Announcing his retirement in April, Quinn, 62, said he would have a period of “rest and relaxation” before moving into a portfolio career, which means taking on a series of boardroom management roles.

Cyber ​​services: Poppy Gustafsson, who had already been awarded an OBE in 2019, was yesterday awarded a CBE for her “services to the cybersecurity industry”

East, who led Rolls-Royce for seven and a half turbulent years, has been knighted for his “services to the economy and net zero”. He was awarded a CBE in 2014.

His tenure at the engineering firm included the Covid-19 pandemic, which dealt a blow to the aircraft engine maker’s finances.

East, who was previously chief executive of computer chip maker Arm, also led the business through a major corruption investigation related to fraud that occurred before he joined.

The businessman, 63, resigned in 2022, saying it was the right time to leave as Rolls-Royce was at “a crossroads.”

He has since been appointed chairman of UK air traffic services provider NATS and sits on the board of semiconductor company ASML.

Gustafsson, who was awarded an OBE in 2019, was yesterday awarded a CBE for “services to the cybersecurity industry”.

In 2013 he co-founded Cambridge-based Darktrace, which uses artificial intelligence in software to protect organizations from online threats.

Gustafsson founded Darktrace after a two-year stint at Autonomy, the technology company run by the late British billionaire Mike Lynch.

She served as chief executive until September, when she resigned ahead of a £4bn private equity takeover of the company.

The following month, Gustafsson – one of the best-known figures in the UK technology sector – was appointed as the Government’s Investment Minister.

Other City figures recognized at the annual awards include the chairwoman of engineering firm Babcock, Ruth Cairnie, who is being knighted, and the chairman of investment manager M&G, Edward Braham, who will be knighted. The chairman of the London Stock Exchange Group, Don Robert, has been awarded a CBE.

Richard Price, managing director of Marks & Spencer, where he oversees its clothing, home and beauty ranges, has been appointed MBE.

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