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The Australian Business Executive Q1 2018 Presented by: www.RomulusBusinessServices.com Q1 2018 TheABE.com.au SIRTEX MEDICAL Innovative leaders in interventional oncology YOUNGCARE Transforming perceptions of disability housing LIONS CLUBS AUSTRALIA Digitisation and changing volunteering habits ASX GLOBAL MEDICAL DEVICE COMPANY POLYNOVO CEO Paul Brennan details their restructure, growth, and resurgence Plus: Canberra Quarterly • Barry Goldwater Jr. • Sports Mismanagement Make your budget work harder and keep your best people engaged Balancing employee rewards and your people budget can be a challenge. At Smartgroup, we partner with corporate and government organisations around Novated Leasing Australia to deliver cost-effective employee remuneration Salary Packaging and benefit services, while finding significant cost savings through workforce modelling and asset optimisation. Payroll Solutions Fleet Management Talk to us about how we can help you achieve cost-effective, high-performing remuneration Employee Share Plans and benefits for your organisation. Workforce Management smartgroup.com.au | 1300 665 855 Contents REGULARS 5 Publisher’s Note 6 News in Review FEATURES COLUMNS 10 COVER: PolyNovo (ASX:PNV) 32 Keith Topolski CEO Paul Brennan on their innovative Sports club mismanagement and polymer technology that has made them communities in crisis a global medical device company 34 Matt Versi 14 Sirtex Medical (ASX:SRX) It’s not just business. It’s personal CEO Andrew McLean on delivering 36 Paul Smith effective oncology treatments through 7 questions to answer before deciding innovative small particle technology you want to be a board director 19 Youngcare 38 Darren Woolley CEO Anthony Ryan on facilitating unity Why B2B companies should focus on between government, corporations and marketing and sales, not sales and individuals within the disability space marketing 23 Lions Clubs Australia 40 Senka Pupacic How the organisation is going digital to Get the most out of google’s search adapt to the needs of a new generation of capabilities volunteers 42 Ron Manners 28 Australasian Body Corporate What would Shakespeare think of our Management mining industry? Director Chaz Burdett on his competitive edge in the stata management industry 44 Barry Goldwater Jr. The former US Congressman on President Trump’s first year and more 47 Michael Keating’s Canberra Quarterly What’s happening in the nation’s capital 4 The Australian Business Executive - Q1 2018 The Australian Business Executive A division of Romulus Rising Pty Ltd ABN: 77 601 723 111 Publisher’s w: www.TheABE.com.au t: (02) 8091 1410 Note e: [email protected] Publisher Jesse Landry speaks Welcome to our first edition of 2018 with some Jesse Landry regularly with industry new and exciting things going on. leaders. He has career Writers experience in the Firstly, our podcast interviews will be available on Nicholas Paul Griffin North American, youtube making them easier and more accessible. Josh Wells UK, and Australian As we continue to digitize the business this will take Raul Betancourt markets and is both a our interviewee profiles to a whole new audience board director and committee member. beyond our subscribers. Search youtube for Editorial Contributors TheAbe.com.au Rosemae Aquino Raymond Dicipolo I’ve also launched Landry.audio for my Jessy Camus conversations with professionals that go beyond the scope of Australian business personalities. If Design & layout you’d like to find out more, head to youtube and Rebecca Hamerton search for Landry.audio. Bien Swinton Jr. This year you’ll also start to see more regular guest Web & Digital contributors appearing in our publication and Mark Holanda website (www.TheABE.com.au). This content is being specifically designed to address the business and management issues our readers want to know more about. On a personal note my baby daughter was recently born and I am looking very much forward to having Presented by: her around as I work on The Australian Business www.RomulusBusinessServices.com Q1 2018 TheABE.com.au Executive. Daddy loves you very much Aurelie. SIRTEX MEDICAL Innovative leaders in interventional oncology YOUNGCARE Transforming perceptions of disability housing LIONS CLUBS AUSTRALIA Digitisation and changing volunteering habits ASX GLOBAL MEDICAL DEVICE COMPANY POLYNOVO CEO Paul Brennan details their restructure, growth, and resurgence Plus: Canberra Quarterly • Barry Goldwater Jr. • Sports Mismanagement J. Landry Publisher Published quarterly, The Australian Business Executive (The ABE) provides an in depth view of business and economic development issues taking place across the country. Featuring interviews with top executives, government policy makers and prominent industry bodies The ABE examines the news beyond the headlines to uncover the drivers of local, state, and national affairs. All copy appearing in The Australian Business Executive is copyrighted. Reproduction in whole or part is not permitted without written permission. Any financial advice published in The Australian Business Executive or on www.TheABE.com.au has been prepared without taking in to account the objectives, financial situation or needs of any reader. Neither The Australian Business Executive nor the publisher nor any of its employees hold any responsibility for any losses and or injury incurred (if any) by acting on information provided in this magazine. All opinions expressed are held solely by the contributors and are not endorsed by The Australian Business Executive or www.TheABE.com.au. All reasonable care is taken to ensure truth and accuracy, but neither the editor nor the publisher can be held responsible for errors or omissions in articles, advertising, photographs or illustrations. Unsolicited manuscripts are welcome but cannot be returned without a stamped, self-addressed envelope. The publisher is not responsible for material submitted for consideration. The ABE is published by Romulus Rising Pty Ltd, ABN: 77 601 723 111. The Australian Business Executive - Q1 2018 5 News In Review An overview of the business news taking place in Australia Bayswater Power Station upgrade secures tender process for the works and has contracted additional energy supply for NSW Toshiba as the principal contractor for the project. GL will spend more than $200 million and Bechtel Awarded Hail and Ghasha FEED contract create 90 jobs during work to upgrade and Amaintain the coalfired Bayswater Power Station echtel, a global engineering, procurement, and in Muswellbrook, a key part of our NSW Generation construction leader, has been awarded a front- Plan. Bend engineering and design (FEED) contract The upgrade is among the investments being for work on the Hail and Ghasha sour gas fields in the made by AGL to replace the 1000 megawatt capacity Emirate of Abu Dhabi, United Arab Emirates. shortfall AEMO identified could follow the repurposing “The Hail and Ghasha project is one of the largest of our Liddell plant in 2022. sour gas recovery projects that Abu Dhabi National The Bayswater upgrade will improve the power Oil Company (ADNOC) is developing to ensure a station’s capacity and efficiency, providing enough more sustainable and economic gas supply,” said Joe energy for up to 100,000 homes - increasing electricity Thompson, Bechtel’s General Manager, Downstream supply without increasing coal consumption or and Chemicals. “The Bechtel team is looking forward emissions. to working with ADNOC on this important project, applying our expertise in high hydrogen sulphide AGL Macquarie General Manager Kate Coates, content gas processing,” NSW Parliamentary Secretary for the Hunter Scot MacDonald and Member for Upper Hunter Michael Bechtel is a global leader in the integrated design, Johnsen today announced that the project will procurement, construction, and project management now be assessed by the Department of Planning & having successfully completed more than 50 major Environment. oil and gas field developments as well as 110 gas processing plants. Ms Coates said AGL is investing more than any other energy company in Australia to increase Caltex finalises investment in SEAOIL (Philippines) electricity supply and help put downward pressure on prices. altex Australia has announced that the “By replacing the original turbines with modern acquisition of a 20 percent equity interest in turbine technology, Bayswater will have an additional CSEAOIL Philippines Inc. (SEAOIL) had been 100MW capacity, which is enough energy for up to finalised. 100,000 average Australian homes,” Ms Coates said. This follows the announcement of the proposed “This extra electricity supply will be generated investment and a strategic partnership with SEAOIL on without the need for additional coal use, and therefore 21 December 2017, to manage the supply of fuels via without additional emissions. Caltex Australia’s fuel trading and shipping business, Ampol Singapore. Subject to approvals, the upgrade works are expected to commence by February 2019 and span four Caltex Australia’s Executive General Manager years, with Bayswater’s four turbine sets proposed to of Fuels & Infrastructure Louise Warner said, “The be replaced during planned unit maintenance outages. prospects available for both companies through this new partnership are exciting. As two independent “This will ensure all Bayswater’s upgraded businesses with shared values and a strong alignment turbines are fully operational by 2022. of interests we believe we are exceptionally well placed “The project will also create 90 jobs for the to meet our
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