Episode 37 - Turnaround merchant
Malcolm is the Chief Executive of the SA Fire and Emergency Services Commission and Chair of the SAFECOM Board, to which the State Emergency Service, Metropolitan Fire Service and Country Fire Service report.
He joined the publicly listed Coates Hire in 2003 as CEO, and oversaw a period of rapid and sustained growth as the company consolidated its position in the Australian equipment rental market as well as rationalising their overseas operations. In early 2008 Coates was acquired by a consortium comprising Carlyle and National Hire. Malcolm was appointed to lead the merged group which ranks as a global leader in the equipment rental sector and managed the integration before stepping down in July 2008.
In September 2008 he was appointed as the CEO of Futuris Corporation which changed its name to Elders Limited in April 2009. During his tenure he initiated a significant business restructure and change in strategic direction, focussing the group operations on its core agribusinesses. This was achieved despite the company being under significant pressure with an over-geared balance sheet and constrained working capital.