David McMurtry

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Sir David McMurtry
Born
David Roberts McMurtry

(1940-03-15) 15 March 1940 (age 83) [1]
Clontarf, Ireland
Education Mountjoy School
Known forChairman and co-founder, Renishaw plc
SpouseTeresa Adams
Children3

Sir David Roberts McMurtry, CBE FRS FREng FIMechE (born 15 March 1940) is an Irish-British billionaire, the co-founder and executive chairman of Renishaw plc, the UK's largest supplier of metrology equipment. As of October 2021, his net worth was estimated at US$1.3 billion. [2]

Contents

Early life

David Roberts McMurtry was born in 1940 in Clontarf, Ireland. [3] He was brought up in Dublin and educated at Mountjoy School (now the Mount Temple Comprehensive School) in Dublin. [4]

Career

McMurtry joined Bristol Aero Engines as an apprentice in 1958. [5] In 1966, following an acquisition, he found himself employed by Rolls-Royce plc where he became Deputy Chief Designer and Assistant Chief of Engine Design at Filton. [5] In 1973, while working on Concorde's engines, he designed his first trigger probe. [5] He worked on the Turbo-Union RB199 engine. [6]

In 1973, he joined his former colleague John Deer to set up Renishaw plc. [5] [2] The company floated on the Unlisted Securities Market in 1983, and gained a full listing the following year. [7] In 1987, McMurtry acquired the patents for his trigger probes from Rolls-Royce plc and began to exploit the patents himself. [5] In 1989, he became a Royal Designer for Industry. [8]

McMurtry was awarded the CBE in 1994 [9] and was knighted in the 2001 New Year Honours. [10]

McMurtry received an honorary doctorate from Heriot-Watt University in 1998. [11] In 2001, McMurtry was elected a Fellow [12] of the Royal Academy of Engineering. [12] In 2008, the University of Bath [13] awarded him an honorary doctorate. In 2011, he was elected a Fellow of the Royal Society. [14] He won the Institute of Physics Swan Medal and Prize in 2012. [15]

In 2018, McMurtry stepped down as chief executive of Renishaw and was replaced by marketing and sales director William Lee. [16]

On 2 March 2021, McMurtry, along with John Deer, indicated that they wished to dispose of their entire holdings in Renishaw, comprising some 53% of the shares, as 'we recognise that neither of us is getting any younger'. The Renishaw board then announced that it was launching a formal sale process for the entire company. [17] This process was terminated on 7 July 2021, the board concluding that none of the proposals met their objectives. [18]

Personal life

McMurty and his wife, Teresa, have two sons and a daughter. [19] He lives in Wotton-under-Edge, England. [2]

In 2001, McMurtry started work on Swinhay House. Now complete, the "£30m futuristic eco-house" appeared in an episode of the BBC television series Sherlock . [3]

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References

  1. ↑ Mosley, Charles, ed. (2003). Burke's Peerage, Baronetage & Knighthood (107 ed.). Burke's Peerage & Gentry. p. 2538. ISBN   0-9711966-2-1.
  2. 1 2 3 "Forbes profile: David McMurtry". Forbes.com. Retrieved 12 October 2021.
  3. 1 2 "David McMurtry". Independent.ie. 8 March 2015. Retrieved 13 April 2017.
  4. ↑ "Irish-born designer receives knighthood". Irish Times. 15 January 2001. Retrieved 14 April 2019.
  5. 1 2 3 4 5 "Renishaw: Biography". renishaw.com. Retrieved 22 March 2018.
  6. ↑ "End of an era for Renishaw". Business West. 4 March 2021. Retrieved 22 October 2022.
  7. ↑ "Our History". Renishaw. Retrieved 4 October 2023.
  8. ↑ New Year Honour for David McMurtry, EngineeringTalk.com, 9 March 2001.
  9. ↑ "No. 53863". The London Gazette (Supplement). 29 November 1994. p. 16701.
  10. ↑ "No. 56070". The London Gazette (Supplement). 30 December 2000. p. 2.
  11. ↑ "Heriot-Watt University Edinburgh: Honorary Graduates". Heriot-Watt University. Archived from the original on 18 April 2016. Retrieved 4 April 2016.
  12. 1 2 "List of Fellows". Archived from the original on 8 June 2016. Retrieved 21 October 2014.
  13. ↑ "Internal News". bath.ac.uk. 27 June 2008. Retrieved 22 March 2018.
  14. ↑ "Sir David Roberts McMurtry CBE FREng FRS". Royal Society. Retrieved 19 March 2012.
  15. ↑ "The Swan/Business and Innovation medal recipients". Institute of Physics. Retrieved 29 March 2016.
  16. ↑ "Co-founder of Britain's Renishaw to step down as CEO". Reuters. 24 January 2018. Retrieved 14 August 2020.
  17. ↑ "Renishaw PLC - Commencement of formal sale process" . Retrieved 16 March 2021.
  18. ↑ "Investegate |Renishaw PLC Announcements | Renishaw PLC: Update on Formal Sale Process & Current Trading". investegate.co.uk. Retrieved 25 July 2021.
  19. ↑ Inventor's Probing Mind Defies UK Industry Meltdown Archived 14 April 2017 at the Wayback Machine Investing News, 16 June 2005
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