In light of last month‘s news that NEXT had increased its profit forecasts yet again, we take a closer look at the company‘s chief executive Lord Simon Wolfson,
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At just 33 years of age, Lord Simon Wolfson was the youngest chief executive in the FTSE-100 when he took over at Next in 2001.
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Lord Wolfson was one of the first major businessmen to predict the economic crisis of 2008-09.
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Wolfson follows closely in the footsteps of his father, David Wolfson, who was the chairman of Next and also a Conservative life peer.
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In 2013, Wolfson gave away a £2.4 million bonus to staff who had been with Next since 2010.
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Wolfson is renowned for his visionary outlook on the future of the world. He is a supporter of fracking as ‘cheaper, cleaner energy‘ and also commissions a prize-fund worth £250,000 which is awarded for the design of an economically viable garden-like city.
