De La Rue chief executive banking on turnaround in company fortunes Vacher positive for future after overseeing changes at firm behind billions of the world’s banknotes 17 January 2021 • 5:00pm Clive Vacher has been hired to help turn around fortunes at De La Rue Credit : Bloomberg ‘It was a company in need of a good, old-fashioned, no-holds-barred turnaround,” says De La Rue boss Clive Vacher, explaining what attracted him to the business he has led since October 2019. My father was a commercial printer, so De La Rue had been on a pedestal for me,” says Vacher. […] De La Rue produces 6bn-7bn banknotes every year, including for the Bank of England Credit : Bloomberg Jobs have been cut, printing facilities rationalised from five to four and now De La Rue is able to bid on contracts it would have “previously walked away from”, says Vacher. […] We can now flex with the market and control our destiny rather than being a victim of it,” Vacher says. […] Predictions about the death of cash are overblown, according to Vacher, who unsurprisingly says he “loves to pay with cash”.
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