James Smillie, chairman of Stratstone, made Lyons aware of this situation in 1965.[145] Lyons responded by preparing a Daimler-ised version of the upcoming Jaguar 420 and presenting it to Smillie and Stratstone managing director John Olley. Lyons asked the Stratstone executives what it should be called; Smillie suggested "Sovereign" while Olley suggested "Royale". Despite Lyons stating his preference for "Royale" at the meeting, the company decided on "Sovereign" two months later.