Nick Scheele Involved in Bid for Jaguar and Land Rover
The affable Brit is merely “helping out an old friend” at this point
By Brendan Moore
Sir Nick Scheele, retired president of Ford, is working with Ripplewood Holdings regarding the acquisition of Jaguar and Land Rover, according to industry newspaper Automotive News.
Ripplewood Holdings is a private equity group and is one of the bidders for Jaguar-Land Rover. Scheele retired from Ford in 2005, and also has direct experience running Jaguar in the 1990’s. Ripplewood partner and former Chrysler president Tom Stallkamp sought out Scheele specifically because of his experience with Ford and Jaguar, and, because of his personal relationship with Scheele, which dates back 30 years when they were both young executives at Ford.
Quoting from the Automotive News article, Scheele said the role will just be advisory.
He said “not in a month of Sundays” is he willing to take an operational role should Ripplewood take over the luxury brands.
“I’m not interested in getting back full time, no way,” said Scheele, 63. “It’s just that I’ve known Tom Stallkamp for many, many years. He and I worked in Ford purchasing together 30 years ago.Already, some are talking about a face-off between Sir Nick and former Ford CEO Jacques “Jac the Knife” Nasser for Jaguar and Land Rover. Nasser-led One Equity Partners is believed to be another of the half-dozen or so outfits bidding on the British brands.
Scheele’s take on a rivalry: “I think that would be more than a slight exaggeration.”
Talk of a rivalry between Jac Nasser and Nick Scheele is a complete fantasy, to say the least. What relations Scheele and Nasser have are infrequent and very friendly; there is no personal animosity there, and no professional animosity, either.
Scheele could be invaluable to Ripplewood as they proceed with their bid for the two British brands. The contest for the two British automotive icons has heated up unexpectedly since bidding was opened by Ford last month.
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