John Francis Harcourt Baring, 7th Baron Ashburton (2 November 1928 – 6 October 2020), was a British merchant banker who served as chairman of British Petroleum from 1992 to 1995. Lord Ashburton also sat on the boards of Jaguar Cars,

Dunlop Rubber Dunlop Ltd. (formerly Dunlop Rubber) was a British multinational company involved in the manufacture of various natural rubber goods. Its business was founded in 1889 by Harvey du Cros and he involved John Boyd Dunlop who had re-invented and ...

, and Royal Insurance.

Family

He was the oldest son of Alexander Baring, 6th Baron Ashburton, and Doris Harcourt. His maternal grandparents were

Lewis Harcourt, 1st Viscount Harcourt Lewis Vernon Harcourt, 1st Viscount Harcourt (born Reginald Vernon Harcourt; 31 January 1863 – 24 February 1922), was a British Liberal Party politician who held the Cabinet post of Secretary of State for the Colonies from 1910 to 1915. Lord ...

, and Mary Ethel Burns, daughter of Walter Hayes Burns of New York City, granddaughter of

Junius Spencer Morgan Junius Spencer Morgan I (April 14, 1813 – April 8, 1890) was an American banker and financier, as well as the father of John Pierpont "J.P." Morgan and patriarch to the Morgan banking house. In 1864, he established J. S. Morgan & Co. in L ...

and niece of American banking magnate

J. P. Morgan John Pierpont Morgan Sr. (April 17, 1837 – March 31, 1913) was an American financier and investment banker who dominated corporate finance on Wall Street throughout the Gilded Age. As the head of the banking firm that ultimately became known ...

Marriages and children

First marriage

On 25 November 1955, Baring married Susan Mary Renwick. She was a daughter of Robert Renwick, 1st Baron Renwick, and his first wife Dorothy Mary Parkes. They had four children: * Lucinda Mary Louise "Lucy" Baring (born 20 October 1956). Married Michael John Wilmot Malet Vaughan, second son of John David Malet Vaughan, 8th Earl of Lisburne. They have three children: Emma, Sophie and Edward. * Mark Francis Robert Baring, 8th Baron Ashburton (born 17 August 1958). Married Miranda Caroline Wright. They have four children: Aurea, Frederick, Patrick and Flora. * Rose Theresa Baring (born 7 December 1961). Married Barnaby Rogerson. They have two daughters: Molly and Hannah. * Alexander Nicholas John "Zam" Baring (born 15 February 1964). Married Lucy Caroline Fraser, daughter of General David Fraser and Julia Frances Oldridge de la Hey. They have four children: Olive, William, Anna and Alfred. Lord Ashburton and his first wife received a divorce in 1984.

Second marriage

Following his divorce, Lord Ashburton remained single for three years. In 1987, he married Sarah Cornelia Spencer-Churchill, a daughter of John George Spencer-Churchill and Angela Mary Culme-Seymour. Her paternal grandparents were John Strange "Jack" Spencer-Churchill and Lady Gwendoline Theresa Mary Bertie. Jack Spencer-Churchill was a son of

Lord Randolph Churchill Lord Randolph Henry Spencer-Churchill (13 February 1849 – 24 January 1895) was a British statesman. Churchill was a Tory radical and coined the term 'Tory democracy'. He inspired a generation of party managers, created the National Union of ...

and his wife

Jennie Jerome Jennie Spencer-Churchill (; 9 January 1854 – 29 June 1921), known as Lady Randolph Churchill, was an American-born British socialite, the wife of Lord Randolph Churchill, and the mother of British prime minister Sir Winston Churchill. Earl ...

. He was also a brother of

Winston Churchill Sir Winston Leonard Spencer Churchill (30 November 187424 January 1965) was a British statesman, soldier, and writer who served as Prime Minister of the United Kingdom twice, from 1940 to 1945 during the Second World War, and again from ...

, Prime Minister of the United Kingdom. The second Lady Ashburton is a director of ''Borderline'', and has three children from a previous marriage. These are Peregrine Crewe, Emma Crewe (married to Nicholas Vester, they have two children, Cleo and Scarlet) and Bel Crewe (who has two children, Jack Badger and Molly Megan). Lord Ashburton had no children from his second marriage.

Career

Lord Ashburton received his education at

Eton College Eton College () is a public school in Eton, Berkshire, England. It was founded in 1440 by Henry VI under the name ''Kynge's College of Our Ladye of Eton besyde Windesore'',Nevill, p. 3 ff. intended as a sister institution to King's College, ...

and

Trinity College, Oxford (That which you wish to be secret, tell to nobody) , named_for = The Holy Trinity , established = , sister_college = Churchill College, Cambridge , president = Dame Hilary Boulding , location = Broad Street, Oxford OX1 3BH , coordinates ...

. He served in the board of directors of several companies. The following list may not be complete: * He was a director of

Trafford Park Trafford Park is an area of the Metropolitan Borough of Trafford, Greater Manchester, England, opposite Salford Quays on the southern side of the Manchester Ship Canal, southwest of Manchester city centre and north of Stretford. Until the l ...

Estates from 1964 to 1977. * He was a director of Royal Insurance from 1964 to 1982. * He was a director of Pye Holdings from 1967 to 1979. * He was Chairman of the Board of the

Barings Bank Barings Bank was a British merchant bank based in London, and one of England's oldest merchant banks after Berenberg Bank, Barings' close collaborator and German representative. It was founded in 1762 by Francis Baring, a British-born member ...

from 1974 to 1989. The Bank had been founded by his ancestor Francis Baring in 1762. * He was invited several time

to the annual meeting of the

Bilderberg Group The Bilderberg meeting (also known as the Bilderberg Group) is an annual off-the-record conference established in 1954 to foster dialogue between Europe and North America. The group's agenda, originally to prevent another world war, is now defi ...

. * He was a director of Dunlop Holdings from 1981 to 1984. * He was a director of BP from 1982 to 1992. * He was a director of the Bank of England from 1983 to 1991. * He was a director of the Barings

public limited company A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be fre ...

from 1985 to 1989. * He was Chairman of the Board of BP from 1992 to 1995.

Death

Lord Ashburton died at his home on 6 October 2020, aged 91. He was succeeded in the barony by his son

Mark Mark may refer to: Currency * Bosnia and Herzegovina convertible mark, the currency of Bosnia and Herzegovina * East German mark, the currency of the German Democratic Republic * Estonian mark, the currency of Estonia between 1918 and 1927 * F ...

Honours and arms

John Baring was appointed a

Commander of the Royal Victorian Order The Royal Victorian Order (french: Ordre royal de Victoria) is a dynastic order of knighthood established in 1896 by Queen Victoria. It recognises distinguished personal service to the British monarch, Canadian monarch, Australian monarch, o ...

(CVO) in the 1980 Birthday Honours, knighted as

Knight Bachelor The title of Knight Bachelor is the basic rank granted to a man who has been knighted by the monarch but not inducted as a member of one of the organised orders of chivalry; it is a part of the British honours system. Knights Bachelor are th ...

in the

1983 New Year Honours The New Year Honours 1983 were appointments by most of the Commonwealth realms of Queen Elizabeth II to various orders and honours to reward and highlight good works by citizens of those countries, and honorary ones to citizens of other countries ...

and promoted to Knight Commander of the Royal Victorian Order (KCVO) in the 1990 New Year Honours. He succeeded to the Barony of Ashburton on 12 June 1991, and became a

Knight of the Garter The Most Noble Order of the Garter is an order of chivalry founded by Edward III of England in 1348. It is the most senior order of knighthood in the British honours system, outranked in precedence only by the Victoria Cross and the George ...

in 1994 – one of the rare cases where both father and son were appointed to this order.

Arms

References

External links

{{DEFAULTSORT:Ashburton, John Baring, 7th Baron 1928 births 2020 deaths People educated at Eton College English bankers English people of American descent Knights Commander of the Royal Victorian Order Knights of the Garter

John John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Secon ...

BP people Fellows of Trinity College, Oxford

Eldest sons of British hereditary barons Ashburton