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How CSL went from ‘bloated bureaucracy’ to $145b global behemoth

How CSL went from ‘bloated bureaucracy’ to $145b global behemoth

When Brian McNamee took on the top job at Commonwealth Serum Laboratories, the government-run entity was barely worth the land it was built on.

Yolanda RedrupRich List Editor

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hen a young go-getter named Brian McNamee took the reins in 1990 at what would one day become Australia’s third-largest listed company, the now global biotech giant CSL was barely worth the land its facilities were built on.

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Yolanda Redrup
Yolanda RedrupRich List EditorYolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com

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Original URL: https://www.afr.com/companies/healthcare-and-fitness/how-csl-went-from-bloated-bureaucracy-to-145b-global-behemoth-20230303-p5cp5y