Chapter Four

Transfield's rapid expansion and growth brought to the fore a number of problems that, previously, had not confronted management. The most serious one was the need to properly finance its activities. Refinancing, as Transfield did in 1992-93, brought stability to operations. The organisation also required a more sophisticated structure with delegated authorities provided to senior management, as well as an expanded Advisory Board with external Directors.

In successfully addressing these issues, amongst others, Marco and Paul transformed the company into a modern industrial organisation which won plaudits from the business and professional community alike. Marco was awarded the Professional Engineer of the Year Award - Sydney Division in 1996 and an AM for services to the engineering industry in 1998.


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Prime Minister Paul Keating visits Transfield’s Seven Hills factory. Franco explains the operation.