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Top 100 : 2012
George Savvides, 55 Managing Director, Medibank Private, Melbourne Industrial engineer, University of NSW GEORGE SAVVIDES was appointed managing director of health insurer Medibank Private in early 2002. At the time of his appointment, Medibank was operating at a loss of $175 million, however once Savvides settled into the role the company re-established itself as a profitable business within four years, attracting record membership growth and expanding beyond health insurance to also offer health services. Now boasting a customer base of 3.7 million, Medibank s revenue has now sweltered to $5 billion/a. Savvides, whose previous term as Medibank managing director expired in March, was reappointed for another five years within the same month. Beyond Medibank, Savvides represents Australia as vice-president on the Council of Management for International Federation of Health Plans, is a member of the Australian Institute for Population Ageing Research and is chairman of Christian leadership group Arrow Leadership Australia. He has recently been reappointed as a director of World Vi- sion Australia and previously served for 12 years on both the World Vision Australia and World Vision International Boards. Julian Segal, 57 CEO and Managing Director, Caltex, Sydney Chemical engineer, Israel Institute of Technology, Israel JULIAN SEGAL'S time at Caltex over the past year has yielded its dif- ficulties and its triumphs. The only oil refining and marketing company listed on the Australian stock exchange, Caltex nonetheless recorded an after tax loss of $714 million for the 2011 full year, marking a 325% decline on its 2010 profit of $317 million. However, its final dividend remained almost unaffected, only dropping 2¢ from the previous year to reach 28¢. The company attributed its affected performance to the ongoing strength of the Australian dollar, lower refinery margins and increasing costs. While the refinery element of the business posed its complications, Segal said the success of its integrated transportation fuels business, which has recorded double-digit growth, is a cause for optimism. As a chemical engineer, Segal he values the analytical perspective granted to him by his engineering experience. "There is no doubt that a background in engineering builds the ability to think analytically and logically," he said. Mike Quigley, 59 CEO, NBN Co, Sydney Electrical engineer, University of NSW IN HIS capacity as the CEO of one of the largest engineering projects in Australian history, Mike Quigley has become as much a spokesperson as a leader for the federal government s $36 billion National Broadband Network (NBN). Under Quigley s leader- ship, NBN Co is entrusted with delivering high-speed broadband to every home, school and business in Australia by 2021. Over the 2011 financial year the company saw a total capital expenditure of $463 million, while the federal government contributed a little over $1 billion in equity to the company over the same period. An electrical engineer by education, Quigley said his background in engineering has provided him with experience which is helping him lead the rollout of the NBN. "Having a background in science and engineering stimulates a healthy respect for the need to constantly test one s beliefs and views against reality," he said. "After many years of designing and building products that need to operate in the physical world, one learns to be somewhat cautious of placing too much faith in untested conjectures. So in moving from the engineering to the management discipline it pays to bring along that healthy scepticism." 52 ENGINEERS AUSTRALIA | JUNE 2012 COVER STORY -- TOP 100