Adam Parr

Parr in 2011

Adam Parr (born 26 May 1965)^[1] is a British businessman known for his pioneering in fields from Formula 1 to investment to NGOs. He is the former CEO and chairman of Williams Grand Prix Holdings PLC, from November 2006 until 30 March 2012^[2][3] Parr began his career working for BZW and moved to Rio Tinto before studying and practising public law. He later returned to Rio Tinto as assistant to the Chief Executive and chairman before being appointed CEO of Williams F1 in 2006. Since leaving Williams in 2012, Parr has been involved in business and not-for-profit activities. He is a director of Cosworth Limited and the Cherwell School Academy Trust. He also works with Sported. Parr is currently involved the work of Walk Free Foundation, the movement to end modern slavery.

Early life and education

Parr was born in London in 1965. He attended Jesus College, Cambridge, graduating in 1987.

Career history

Parr began his career with the investment bank Barclays de Zoete Wedd. Having spent some time in Japan before university, his interest in the country led him to Japanese equities and trading. He was relocated to Japan as an equities analyst focusing on heavy industrial sectors such as iron and steel. In Japan he became acquainted with Anglo-Australian mining group Rio Tinto and, on his return to the UK, was seconded to Rio Tinto by BZW to help with mergers and acquisitions. He then joined Rio Tinto full time, firstly as personal assistant to the head of exploration and then as assistant to the general manager of the Palabora copper mine in South Africa.

Parr took an extended sabattical to study Law. At the Bar, he practised in the areas of public law, appearing in cases up to the Court of Appeal. He successfully represented the former chief executive of Westminster City Council, in his appeal against a £30 million fine in the Dame Shirley Porter "gerrymandering" case.

In 1998 Parr returned to Rio Tinto as assistant to the chairman and chief executive. His main focus was to improve industrial safety in Rio Tinto's operations. Following a global study, he helped establish a safety programme for the Group's 30,000 staff.

Over the following years injuries fell significantly. Parr then took up a series of increasingly senior executive posts during six years in Australia, firstly managing Rio Tinto's extensive port and infrastructure in the remote Pilbara region, then running its Western Australian salt operations. Finally, he served as president and chief commercial officer of Rio Tinto Minerals, a group with operations in Europe, the Americas, Australia and Asia. Parr first met Frank Williams, in 2000.

In January 2014, he was appointed to the Board of Cosworth, a high performance engineering firm based in Northampton.^[4][5]

Formula One career

In November 2006 Parr was appointed chief executive officer of Williams F1, replacing departing CEO Chris Chapple.^[6] Parr was chairman of Williams Grand Prix Engineering Limited from July 2010 to March 2012, responsible for the day-to-day running of the team, whilst Frank Williams remained Team Principal and majority shareholder of the company. Parr was known during his tenure for his green innovation – bringing hybrid technology to the fore of Williams.^[7]

Graphic memoir

Parr has released a graphic memoir, entitled The Art of War: Five Years in Formula One, detailing his time as CEO of Williams F1.^[8]

Sported

Parr was named chief executive of Sported in April 2013. The foundation was set up in 2008 by Sir Keith Mills, donating £10 million to inspire disadvantaged young people.^[9] Following the London 2012 Summer Olympics, Sported became "the UK's leading sports foundation dedicated to securing the legacy of London 2012"^[10] He stood down as chief executive of Sported at the end of 2013 but remains a member of the fundraising committee.

The Walk Free Foundation

Adam Parr works with The Walk Free Foundation, which aims to eliminate modern slavery by 2020. The movement brings together research, social and cultural change, legislative and governmental backing and the procedures of big businesses. Parr is particularly involved with their business engagement. ^[11]

References

External links

• Adam Parr's personal website