History of the Beaverbrook Foundation

Air Vice Marshal Lord Beaverbrook

Maxwell William Humphrey Aitken, Third Baron Beaverbrook

Lord BeaverbrookBusiness Career:
From 1972 to 1978 Lord Beaverbrook worked for Beaverbrook Newspapers starting as a management trainee and ultimately rising to General Manager of the Sunday Express. Since 1978 he has served as a director of the Aitken/Beaverbrook Family Office, overseeing a diversified investment fund, specialising in real estate for many years, and more recently in oil and gas, and insurance. At that time he founded VenTech Investments Inc. (Canada) as a start-up venture business and served as Executive Chairman. In 1995 Lord Beaverbrook founded MARK Telecom, one of the first of the new ‘switchless re-sellers’ in the UK. This interest in the Telecom industry led to the formation of Highway One AG, a broadband, multimedia, data transport company of which he was Chairman until 1999 when it was sold to the Spanish company Telefonica in 2001. From 2000 to 2007 he was Chairman of Net Integration Technologies Inc of Toronto, now part of IBM. He continues to run various enterprises controlled by the Beaverbrook/Aitken Family Office.

Key dates:  
29 December 1951 Birth in London
1986-1988 Lord in Waiting and Whip in the House of Lords
1990-1992

Treasurer of the Conservative Party and the European Democrat Union
2004

Appointed Honorary Air Commodore, Royal Auxiliary Air Force
2009

Appointed Honorary Inspector General
Royal Auxiliary Air Force, Air Vice-Marshal
2016

Appointed Commandant General, Royal Auxiliary Air Force
 
Educated:
Cheam School
Charterhouse
Pembroke College, Cambridge
 
Family:
married to Susan Angela More O’Ferrall. They have four children:
The Honourable Maxwell Francis Aitken
The Honourable Alexander Rory Aitken
The Honourable Charlotte Susanna Aitken
The Honourable Sophia Violet Angela Aitken

Political Career

After becoming a member of the House of Lords in 1985, Beaverbrook was appointed a Lord in Waiting and Government Whip in 1986.

He served as Deputy Treasurer of the Conservative Party during the Thatcher years from 1988 to 1990 and was appointed Treasurer in 1990.

Royal Auxiliary Air Force

Lord Beaverbrook was appointed Honorary Air Commodore of 4624 (County of Oxford) Movements Squadron, Royal Auxiliary Air Force in July 2004. In October 2009 he was promoted to be Honorary Inspector General, RAuxAF, in the rank of Air Vice-Marshal. In May 2016 he was appointed to the new post of Commandant General RAuxAF, with attendance at the Air Force Board.

Other Interests

Lord Beaverbrook was a director of the British Racing Drivers Club from 2006 to 2008. He is currently a director of the British Powerboat Racing Club, and through his involvement, the annual Cowes-Torquay-Cowes race that his father created has been revitalised in recent years. He remains active in various charities and is currently a Vice President of Ambition UK (formerly National Association of Boys’ Clubs) having been Chairman from 1988 to 1992. He is a patron of London's Air Ambulance and was a Member of the Council of the Homeopathic Trust from 1987 to 1992. He was appointed Chairman of the Beaverbrook Foundation in 1985 on the death of his father, having been a Trustee since 1974.

His sporting interests include International Motor Racing (winning the European Sports and GT Car Championship in 1998), and Powerboat Racing in offshore marathon events (Winner Harmsworth Trophy 2004, 2nd overall in Cowes-Torquay-Cowes 1979). He also has a passion for historic cars, and has been a regular entrant in the Tour de France Auto and the Goodwood Circuit Revival.