As well as taking significant short-term restructuring steps to steer the group through those problems, Mr O’Malley developed a longer-term plan that enabled BlueScope to become the world’s largest producer of value-added flat steel products used in the building and construction sectors, serving Australia, New Zealand, the US and Asia.
The strategy also made BlueScope a globally cost-competitive producer of commodity steel products here at home, across the Tasman and in the US.
That was achieved only with the tripartite help and support of the company’s workforce and unions, the NSW Government and the Commonwealth Government to create the necessary conditions for the company to create a more sustainable financial future.
Leadership, accountability, strategic thinking, diversity and development have been hallmarks of Mr O’Malley’s career, dating back to his days in the early 2000s as CEO and Chief Financial Officer of TX Energy, a US electricity and gas retailer. That experience gave him detailed knowledge of the energy sector, especially in gas, coal, nuclear and wind-fired power generation.
Prior to that, he had roles with Deloitte in its corporate finance and consulting divisions, and in investment banking, after starting his career with KPMG as an auditor and tax consultant in the mid-1980s.
Since focusing his career on roles as an independent director, Mr O’Malley has also been appointed to the Board of supermarket giant Coles, who he joined in October 2020 and where he is also Chair of the Risk and Audit committee
Outside of work, Mr O’Malley spends time with his family, wife Catherine and their four children, He is also currently chair of the advisory council of Melbourne primary and secondary school St Kevin’s College and is a former trustee of the Melbourne Cricket Ground Trust.