Full Name David Thieme Role Industrial designer | Name David Thieme Nationality American | |
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Occupation Designer, Oil Trader and former CEO of Essex Overseas Petroleum Corporation | ||
David Thieme (born in 1942) is an American designer, son of the artist and designer Anthony Thieme. He is best known for having been the former owner of the Essex Overseas Petroleum Corporation, the company that sponsored Team Lotus, between 1979 and 1981, and also the official entry for Porsche in the 1979 24 Hours of Le Mans.
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Education and affairs
Thieme studied industrial design at the Pratt Institute in Brooklyn. In 1973 he used the money that he had achieved with his work as a designer and founded Essex Overseas Petroleum Corporation, an oil trading company. Based in a room of the Hôtel de Paris Monte-Carlo in Monaco, the company was a one-man show, and was capable of making lots of money - some sources claim the firm was making about 70 million dollars of profit per year.
Motorsport connections
Thieme's passion for racing cars, and the fact that he struck up a friendship with Colin Chapman in 1978, brought him to Formula 1. Between 1979 and 1981 he became first a major sponsor and ultimately the main sponsor of Team Lotus. With major team presentation parties in 1980 and '81, in venues like the Royal Albert Hall, Thieme brought glamour and extravagance to motorsport, having even hired the Michelin starred chef Roger Vergé to cook for all his guests at the motorhomes. He is remembered for such parties to this day.
In 1979 Essex, also sponsored the official Porsche entries for the 24 Hours of Le Mans, but the two 936s, #12 (driven by Jacky Ickx, Brian Redman and Jurgen Barth) and the #14 (with Bob Wollek and Hurley Haywood) didn't finish the race, although the number 14 car took pole position and the number 12 car set the fastest lap.
Fraud charges and jail
In April 1981, David Thieme was arrested at an airport in Zurich because of accusations of fraud to the amount of $7.6 million from the bank Credit Suisse. After two weeks of investigation he was released on bail, which according to sources was $150,000 dollars and paid by Mansour Ojjeh. Subsequently the Essex empire collapsed and Thieme disappeared.
Personal life
According to what is stated Thieme now lives in Paris with his wife, the daughter of comedian André Pousse.