Scyne Advisory has announced the appointment of experienced listed company director John Mullen as Chair of the Board, as it commences operations as an independent business today.
Mr Mullen, who is currently Chair of listed companies Brambles and Treasury Wine Estates and was previously Chair of Telstra, will join the Board of Scyne immediately.
After completing its sale to private equity group Allegro Funds last week, Scyne launches today as a specialist advisor to the public sector and public purpose enterprises, removing the conflicts in also advising the private sector.
Scyne committed to implementing ASX-standard governance following its separation, with an independent chair and non-executive directors. Mr Mullen will join Hon. Andrew Greenwood on the Scyne Board, as well Allegro representatives Co-founder Adrian Loader and Partner Fay Bou.
Scyne expects to appoint two further directors in the near future and is committed to having a high-performing and diverse board.
Mr Mullen brings extensive corporate leadership and governance knowledge to the Scyne Board. He was Chair of Telstra for seven years (stepping down in October 2023), and in addition to Chair roles with Brambles and Treasury Wine Estates, he is an independent non-executive director at Brookfield Infrastructure Partners. He is also Chair of the Australian National Maritime Museum.
During his executive career, Mr Mullen was the CEO of Asciano, the ASX-listed freight and ports operator (2011-2016) and DHL Express (2005-09), the global logistics group, and on the Board of Management of Deutsche Post group (2005-09).
“Scyne Advisory is a new business, already operating at scale, that is well positioned to disrupt the industry - the opportunity to be involved on its Board was too attractive to pass up. Allegro is assembling a strong and diverse Board to guide Scyne through its transition and, importantly, instil public company rigour into its leadership structure.”
“I’m looking forward to working with Scyne’s people – their knowledge and integrity are our core assets, and we’ll be focused on developing them. We are establishing a new, specialist model, unconflicted by the private sector, to advise governments, and support their delivery. It’s an exciting time to join this business.”
“Following the intensive work to separate the business, we’re delighted Scyne is now ‘open for business’. We committed to a new governance structure that we think is right for advising the public sector, and we’re confident John Mullen will be an excellent leader of a diverse board.”
“John’s experience as an ASX Board Chairman and executive leader speaks for itself. He will bring valuable governance disciplines, as well as his perspective and experience in leading organisations through transformation, which has previously required him to innovate and upend conventions in different industries. His insights and direction will be indispensable in transforming Scyne.”
