Ian Suttie
| Ian Suttie | |
|---|---|
| Born | 1945 Aberdeen, Scotland |
| 20252025 | |
| 💼 Occupation | |
| 👩 Spouse(s) | Dorothy (1971–) |
| 👶 Children | 1 son, 2 daughters |
Ian Suttie (1945-2025) was a Scottish businessman and philanthropist. He gave his name to the Suttie Centre, a £21 million building located at the Aberdeen Royal Infirmary, Foresterhill.
Biography
Suttie was born in Aberdeen in 1945 to Jack and Maisie Suttie. His father was a grocer, owning three shops, and his mother a hairdresser. He attended Robert Gordon's College, and later studied part-time at the University of Aberdeen. He met Dorothy in 1967, and married her in 1971 at King's College Chapel. He moved to Hastings in 1972, but returned to Aberdeen five years later to join the oil and gas sector, which was rapidly growing.
In 1988, as managing director of Petrocon, he led a buy-out of the company by management, supported by private equity. He also established First Oil Expro in 2001,[1] having bought a 0.91% stake in the Buchan oil field, which became the largest privately owned UK oil and gas company, at one point reaching a turnover of over £100 million, with just 7 employees. He faced controversy when he bought Richards Textiles in 2002, relocating it from its historic city centre site at the Broadford Works.[2] The company went into administration in 2004, and he was cleared of fraud charges in 2005.[3] Suttie gave just shy of £10 million towards the construction of the Suttie Centre, which opened in 2009.[4] He planned to convert the Broadford Works into an urban village, a project backed by the then Prince Charles, who visited the site in 2012.[5] In 2012, he was given an honorary degree by the University of Aberdeen. First Oil Expro went into administration in 2016, with overdue accounts,[6] prompting Suttie to sell a 15% stake in the company.[7][8] He eventually sold the company's stakes in five oil and gas fields to Zennor Petroleum, and the stake in the Kraken heavy oil field to Cairn Energy and Enquest after failing to find a buyer for the business.[9]
He passed away aged 80 after a long battle with dementia, survived by his wife Dorothy, three kids, and eight grandkids.[10]
References
- ↑ Brown, Rita (2016-01-10). "Ian Suttie's First Oil reportedly for sale as declining prices batter financial books". Press and Journal. Retrieved 2025-10-06.
- ↑ "Prince Charles's backing will boost regeneration of vast mill complex". The Scotsman. 2011-12-01. Retrieved 2025-10-06.
- ↑ "Leading Aberdeen entrepreneur Ian Suttie dies, aged 80". BBC News. 2025-10-06. Retrieved 2025-10-06.
- ↑ "Profile: Ian Suttie, tycoon with natural reserve". The Scotsman. 2011-10-01. Retrieved 2025-10-06.
- ↑ Alldritt, Derry (2025-10-06). "Heartfelt tributes as leading Aberdeen businessman Ian Suttie dies at 80". Press and Journal. Retrieved 2025-10-06.
- ↑ "Profits plunge at Aberdeen oil and gas tycoon's investment business". The Herald. 2016-02-18. Retrieved 2025-10-06.
- ↑ McCulloch, Scott (2016-02-22). "Oil tycoon Ian Suttie's First Oil Expro in administration". businessInsider. Retrieved 2025-10-06.
- ↑ Bloomberg (2016-04-08). "BNP among banks facing $172million loss after Suttie's First Oil fails - News for the Energy Sector". Energy Voice. Retrieved 2025-10-06.
- ↑ "Surrey firm completes purchase of First Oil Expro North Sea assets". The Herald. 2016-03-08. Retrieved 2025-10-06.
- ↑ "Leading Scottish businessman and philanthropist Ian Suttie dies after dementia battle". The Scotsman. 2025-10-06. Retrieved 2025-10-06.
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