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Heat's investors are Hugh Morgan (Hugh Morgan is the Chairman of the Heat Board), Alan Chang, Michael Story, Ashley Waugh, Lyndsey Cattermole, Ruth Richardson Clark and Clare Lubrano Di Diego, all of whom bring financial strength and expertise to the group.
HUGH MORGAN
Leading Australian businessman Hugh Morgan is the former CEO of Western Mining Corporation and former President of Business Council of Australia (2003-2005). The Howard Government appointed him to the Board of the Reserve Bank of Australia where he was the Director for 14 years.
Currently, he is the Principal of First Charnock, Chairman of the Order of Australia Association Foundation Limited, Trustee Emeritus of The Asia Society (New York), Patron of Creativity Australia, and Patron of The Song Room, Chairman of the JNF Environmental Scholarship Fund and President of the National Gallery of Victoria Foundation.
Morgan is a past Executive Committee Member of the World Business Council for Sustainable Development and past Co-Chair of the Commonwealth Business Council.
MICHAEL STORY
Senior Vice President Operations Development of Ascent Pharmaceuticals, Michael Story is an expert in pharmacy with vast experience across brand development, market development and major pharmacy retail chains.
Prior to Ascent Pharmaceuticals, Story was General Manager for My Chemist/Chemist Warehouse taking the business from $120million to $900million. He was also imperative to the success of Sigma Pharmaceuticals over a 10 year period, increasing revenue and profit, and implementing the structural change from cooperative to ASX listed.
Story was responsible for the development of generic pharmaceutical business into new South East Asia markets, new products coming off patent and niche products with distribution opportunities. He also developed and managed strategic partnerships with Pfizer, Merck Sharp Dome, Glaxo and Lunbeck.
ASHLEY WAUGH
Ashley Waugh’s most recent role as Managing Director of National Foods boasted a company turnover of $3billion. National Foods is the largest supplier to both Coles and Woolworths, and the brand portfolio includes household names including King Island Cheese, Yoplait, Pura Milk, Berri Juice and Just Juice.
Waugh has strong expertise in corporate governance, acquisitions, brand development, sourcing and overall strategic management. He was educated at London Business School, Duke University (The Fuqua School of Business) and Massey University.
LYNDSEY CATTERMOLE
At age 25, Lyndsey Cattermole founded Aspect Computing, the largest Australian Software and Services Company, going on to be a major force in Australian ICT with 1300 employees. She remained as the Managing Director from 1974 to 2003, before selling the business to KAZ Group Limited.
Cattermole has been at the forefront of the Australian IT Industry including the Australian Computer Society, the Prime Minister’s Science and Engineering Council, the Federal Government Electronic, Electrical and Information Industry Board, and the Multimedia Advisory Committee. She has also held many board and membership positions on a range of government, advisory, association and not for profit committees. In particular, she formed the Murdoch Children’s Research Institute, one of Australia’s largest biomedical research institutes.
Cattermole is currently a non-executive Director of Treasury Wine Estates, Tatts Group and PaperlinX Limited. She also holds directorships with the Melbourne Theatre Company, the Victorian Major Events Company, MPH Agriculture and Melbourne Rebels Rugby Union.
With a Bachelor of Science from the University of Melbourne, Cattermole is a Fellow of the Australian Computer Society.
RUTH RICHARDSON CLARK
For over two years, Ruth Richardson Clark has been the CFO of The Heat Group. With a distinguished career across FMCG and professional services spanning a period in excess of 20 years, Richardson Clark commenced her career in the NSW Public Service. After joining a small chartered accounting public practice, she moved to Panel Kerr Forster (a second tier Chartered Accounting Firm) as an auditor. During this time, Richardson Clark worked on the National Foods Group account and was then offered a position at National Foods.
Richardson Clark moved to Melbourne and after eight years with National Foods, joined ERG Group, another listed company with offices in Australia and throughout Europe. After two years as Group Financial Controller in Australia, she took a role as the European Financial Controller based in Brussels. Richardson Clark then returned to Australia and commenced with The Heat Group.
CLARE LUBRANO DI DIEGO
Lubrano Di Diego has been the Marketing Director of The Heat Group for almost a year. She knows the Australian cosmetics market intimately and has worked through all levels.
Lubrano Di Diego spent over 10 years with L'Oreal working in the Consumer Products and Professional Products divisions, and has valuable experience with L’Oreal, Maybelline and Garnier. Prior to this, Lubrano Di Diego worked on national and international accounts at the Publicis Advertising Agency in Paris for almost 10 years. Her fluent French is a great asset with the Heat distributed brand Bourjois, as well as her industry and strategic knowledge across all brands.
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