After nearly 25 years as CEO, Paul Perreault is stepping down. This is what he learnt from a decade running one of Australia’s biggest companies.
from the Melbourne headquarters of the biotech behemoth on his 66th birthday earlier this week.“It’s one of those things I look back and think: ‘Gee, I really wish that had worked out’,” the CEO who calls Park City, Utah home, says.
“There were tears. These people have been waiting for decades for this, we have to execute precisely and it’s an important new therapy that will change people’s lives forever.”“I didn’t replace myself as president of CSL Behring [Perreault’s role when he was appointed CEO]. I said: ‘I’ve been doing this. I’ve already got a team, I can manage this.’ I probably took on a little too much coming in.
“He said: ‘But you’re the CEO.’ I said: ‘Yeah, my job is not to sell you stock. If you want to talk about the strategy, the portfolio, where we are headed and you like what you hear then please buy the stock. But if not, I’ve got plenty of shareholders.’ He was shocked and said: ‘I’ve never heard a CEO say that’.
“I come from one of eight kids, so I’m used to being around a lot of people, talking to people and arguing with people.”“I never had a plan to become a CEO. One thing that helped me in this role was that I had a lot of different roles coming up. I was in operations, I did some finance, I did sales and marketing.
“I’ve taken my wife and the kids to patient events to let them know what I do,” he says. “To say ‘look how important this is, we are saving lives’, so that when dad’s away they know this is why I’m doing what I do.Advertisement
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