Wednesday 24 April 2019

Belgravia-based John Kennedy (69) decided to stand down from his position as executive chairman of UAE-headquartered oil rig builder Lamprell in 2017, a year in which the company cut 5,000 jobs. He had earned €31m when floating his oil services firm Wellstream in 2007. Four years later, GE bought the company for €1.3bn, netting Kennedy €22m.

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