Stephen Fitzpatrick
| Stephen Fitzpatrick | |
|---|---|
| Born | Belfast, Northern Ireland, United Kingdom |
| Residence | Gloucestershire, England, United Kingdom |
| Nationality | British |
| Alma mater | Edinburgh University |
| Occupation | Businessman |
| Title | Managing director |
Stephen Fitzpatrick is a British businessman who founded the Ovo Energy company, and currently owns the Manor Motorsport racing team.
Fitzpatrick, a former trader for JP Morgan,[1] founded Ovo Energy in 2009 to challenge the United Kingdom's big six energy suppliers.[2] Ovo Energy supplies gas and electricity to domestic customers, and offers an electricity tariff consisting of 100% renewable energy.
Fitzpatrick became involved in the former Marussia F1 team, which was operated by Manor, after they had entered administration at the end of the 2014 Formula One season.[3] Fitzpatrick secured an investment of £30 million,[1] and re-built the team run by Graeme Lowdon and John Booth after some of its assets had been auctioned off to repay the debts.[3] Manor exited administration in February 2015, securing a position on the 2015 entry list, and former Sainsbury's executive Justin King joined as interim chairman.[4]
References
- ↑ 1.0 1.1 Johnson, Daniel (5 March 2015). "Manor owner Stephen Fitzpatrick throws in £30 million of his own money to save beleaguered team". Telegraph.co.uk. Telegraph Media Group. Retrieved 6 March 2015.
- ↑ Macalister, Terry (27 July 2014). "Ovo Energy founder extracts £2m for house purchase". TheGuardian.com. Guardian Media Group. Retrieved 6 March 2015.
- ↑ 3.0 3.1 Noble, Jonathan; Beer, Matt (4 March 2014). "Manor worth saving, says new investor Stephen Fitzpatrick". Autosport.com. Haymarket Media. Retrieved 6 March 2015.
- ↑ Benson, Andrew (5 March 2015). "Manor Marussia aim to be ready for start of F1 season". BBC Sport. BBC. Retrieved 6 March 2015.
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