Ian Maxwell

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Ian Maxwell is a British businessman, and the sons of the media mogul the late Robert Maxwell.

Ian Maxwell's first involvement in his father's business was at Pergamon Press from 1978 to 1983. After a short time at the Prince's Charitable Trust, he rejoined the Maxwell business, this time at British Printing and Communications Corporation (later renamed Maxwell Communications Corporation).^[1]

Ian Maxwell was appointed Chairman Mirror Group Newspapers plc (MGN) following the death of his father on 5 November 1991.^[2] For the next month the group was the subject of speculation regarding its financial position. On 3 December Ian Maxwell and his brother Kevin Maxwell resigned from the board of Maxwell Communication Corporation and nine hours later resigned from MGN, following the disclosure that "many million" of pounds had been transferred from the Mirror Group pension fund to Robert Maxwell's private companies apparently without due authority.^[3] MGN announced "Because of increasing conflicts of interest, Ian Maxwell, chairman and publisher of MGN, Kevin Maxwell, and Michael Stoney, who has a major management involvement in the Maxwell private companies, have today resigned from the board of MGN and its subsidiaries and have also ceased their executive duties in the MGN Group."^[3]

[edit] References

^ "1991: Publisher Robert Maxwell dies at sea", On This Day, BBC News, 1991-11-05. Retrieved on February 7, 2007.
^ "MGN continues to achieve 'highly satisfactory' results: Ian Maxwell", AFX News, AFP-Extel News, 1991-11-07. Retrieved on February 7, 2007.
^ ^a ^b Nisse, Jason, Waterhouse, Rosie. "Maxwells quit Mirror board; Serious Fraud Office set to investigate transfer of pension funds to firms controlled by Robert Maxwell", The Independent, Independent News & Media, 1991-12-04, p. 1. Retrieved on February 7, 2007.