The ‘wonder boy” of Britain’s car industry , Mr Alick Dick, has reached the top job in the Standard – Triumph International Company. For Mr Dick, now managing director, is to become managing director and chairman , says the company’s annual report.
The present chairman, seventy-year – old Lord Tedder, who had a serious illness recently, is retiring as chairman, but will stay with the company as president. Mr Dick, 44, is now not only the youngest managing director in any of Britain’s big car making firms . . . he is also the youngest chairman.
He was the “brain” behind the revolutionary and successful Triumph Herald car. He joined the Standard company in Coventry at the age of eighteen as an apprentice .
The annual report was Lord Tedder’s last job as chairman. In it he warn s the Government that the car industry may not be able to keep up exports unless restrictions on hire purchase are eased at home. Lord Tedder says competition in all export markets is becoming more intense, and adds: “Unless we can work from a stable and profitable home base, it will become increasingly difficult to maintain or expand our foothold in overseas markets.”
In the year which ended last August Standard-Triumph International produced 139,032 cars, and made a profit of £2,104,000.