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Luke Sayers

From Wikipedia - Reading time: 8 min

Luke Sayers
AM
NationalityAustralian
OccupationBusinessman

Luke Sayers AM[1][2][3] is an Australian businessman. He is the former CEO of scandal-ridden[4][5][6][7] firm PwC Australia.[8][9] Since 2012 Sayers has served on the board of the Carlton Football Club and became its President on 17 August 2021.[10][11]

Early life

[edit]

Sayers grew up in country Victoria, the middle son in a family of three children.[12]

Luke was enrolled in Coomoora Secondary School, a state school in Melbourne's south-east.[12] After graduating, he then attended Monash University studying business accounting and information systems.[13]

Business career

[edit]

Sayers had joined PwC's (then called Price Waterhouse) technology audit team as a summer vacation intern in 1991. Eventually working in many divisions of the organisation, he worked in Washington D.C. for a number of years.[12] Sayers then was chosen to serve as CEO of PwC Australia for eight years.[14]

Sayers later became the executive chairman of Sayers Group, which is a Melbourne-based investment and advisory company.[15]

AVP Conflict of Interest Scandal

[edit]

In 2018 Sayers, whilst serving as CEO of PwC Australia was connected to conflict of interest issues and an investigation related to a personal investment in Australian Visa Processing (AVP).[16][17] AVP was a company part-owned by PwC that was submitting a tender to redesign and run Australia's visa processing system that is potentially worth billions of dollars, which would result in a significant financial advantage for its investors including Sayers.[18] Managing partner of firm strategy and ASEANZ Consulting Sammy Kumar, who was also a close friend to Sayers,[16] and government and public sector leader, Tony Peake were also investors.[19]

This investment led to a "storm inside the firm",[20] with interjection by PwC Global and a review by PwC Australia of its personal investment policy for partners.[21] The option to invest had not been offered to all partners or even the entire firm and was kept to a limited group of individuals.[22] A review was announced around the way partners make personal investments.[23][24] This was seen as a factor in ending Kumar’s ambitions to follow Sayers as PwC’s Australia CEO.[16]

Frydenberg Endorsement Controversy

[edit]

In 2022 the Inclusion Foundation, an organisation where Sayers serves as Chairman[25] of was linked to a political endorsement[26][27][28] of Sayers’ close personal friend Josh Frydenberg.[29][30][31][32] The advertising endorsement by Sayers’ wife Cate Sayers of Frydenberg featured the headline 'why I am voting for Josh Frydenberg', describing Cate Sayers as “founder, Inclusion Foundation”.[33] The ads were later withdrawn, because the Australian Charities and Not-for-profits Commission does not allow such ads.[34][27] A similar endorsement by then Guide Dogs Victoria CEO, Karen Hayes, led to Hayes being stood down and an internal investigation by Guide Dogs Victoria.[35]

PwC Tax Scandal

[edit]

Sayers has been repeatedly linked to the PwC Tax Scandal having served as CEO during the period of time the unauthorised disclosures by Peter Collins took place.[36][37][38]

Sports Administration career

[edit]

Carlton Football Club

[edit]

Sayers joined the board of directors at the Carlton Football Club in 2012.[39] On 28 April 2021 it was announced that the board of the club unanimously elected Sayers as president-elect, at a board meeting to take over the role at the end of the 2021 season.[40] In June 2021 Sayers in his role as president-elect, during the transition period, also initiated a panel that consisted of Carlton Football Club CEO Cain Liddle with external panel members Matthew Pavlich, Geoff Walsh and Graham Lowe to lead an independent external review into the club’s football department operations in the wake of poor on-field results in the 2021 season due to disappointment of expectations.[41]

Sayers officially became the President of Carlton Football Club on 17 August 2021, just one round before the end of the 2021 season,[15] after previous club president Mark LoGiudice stepped down from the role early.[42] The completion of the independent external club review, led by Sayers also led to a clean-out at the club with substantial changes to the club's administration and football department.[43]

On 10 September 2021 Sayers also stated:

“We are entering a reset phase for our football club, and while we have built a strong platform in a business sense, the ability to ensure our on-field position matches, our off-field one is an area that must be addressed,”.[44]

Sayers appointed outgoing Geelong Football Club CEO Brian Cook as the CEO of the Carlton Football Club as one of the substantial personnel changes to the club's administration to replace Cain Liddle, after Liddle was sacked from his position as CEO of Carlton as one of the outcomes of the completion of the independent external review that the club had undertaken, where it was determined by the club, that the gaps between on and off-field performance were too large for Liddle to maintain his position as CEO.[45][44][46] Sayers on the appointment of Cook said in a statement:

"Cook’s ability to deliver a sustained level of high performance across every facet of a football club made him the perfect person to take the Blues forward, This is a significant pillar of the Club’s ‘reset’ strategy, whereby our football club is striving to bring in the best available people with strong leadership, who thrive on building and driving a high-performing culture, That is exactly what Carlton needs to take our next, significant step, and nobody fits that criteria better than Brian Cook. While our club is in a strong position off the field, we intend to take this to another level, by being proactive and innovative and Brian, as CEO, will play a pivotal role in leading that approach".[47]

The club review led by Sayers also led to the sacking of David Teague as Carlton Football Club senior coach, when Sayers said in a statement “After careful consideration was taken and the necessary time to absorb the findings of the review... it was made clear that the decision needed to be made to part ways with David Teague”,[48] after Sayers further stated "it was identified in the review, that there had been confusion associated with the game plan at times and on-field, the team has underdelivered in its ability to consistently defend, win the contest and apply pressure".[49] Also, the club review led by Sayers found that Teague's coaching methods and gameplan were supported by only 30 percent of the club's players and the club's staff.[49] The club review led by Sayers then led to the appointment of Michael Voss as the Carlton Football Club senior coach, as one of the other substantial personnel changes to the club's football department, when Sayers said in a statement "After a thorough and considered selection process, Voss's credentials and vast experience in football made him the right person for the job,".[50]

Order of Australia

[edit]

In 2019 Sayers was made a Member of the Order of Australia for his significant service to business, to people with a disability, and to the community.[51]

References

[edit]
  1. ^ "Australia Day honours: PwC's Luke Sayers made Member of the Order of Australia". Australian Financial Review. 28 January 2019. Retrieved 22 April 2020.
  2. ^ "Australian Honours and Awards Friday 5 April 2019" (PDF).
  3. ^ "Australian honours". Lens: Pioneering research stories, commentary and opinion told by leading academics – Monash University. 24 October 2019. Retrieved 22 April 2020.
  4. ^ "Australian authorities allege PwC is 'deliberately hiding' tax scandal report". www.ft.com. Retrieved 10 February 2024.
  5. ^ Fildes, Nic. "Australian authorities allege PwC is 'deliberately hiding' tax scandal report".
  6. ^ Nilsson, Anton (13 July 2023). "The mystery of the vanishing robodebt report and a 0.03% hit to PwC's revenue". Crikey. Retrieved 10 February 2024.
  7. ^ "PwC tax scandal: former PwC boss Luke Sayers explored selling consulting business". Australian Financial Review. 11 October 2023. Retrieved 10 February 2024.
  8. ^ "Deloitte, EY, KPMG, PwC reject audit, consulting break up threat". Australian Financial Review. 22 May 2018. Retrieved 22 April 2020.
  9. ^ "PwC Australia CEO Luke Sayers on leadership challenges". ACUITY. Retrieved 22 April 2020.
  10. ^ "Sayers becomes the 31st President of the Carlton Football Club". 17 August 2021. Retrieved 4 November 2021.
  11. ^ "A new look for the Carlton Board". carltonfc.com.au. Retrieved 22 April 2020.
  12. ^ a b c King, Agnes (8 September 2016). "How PwC boss Luke Sayers embraces disruption". Australian Financial Review. 9 Entertainment. Retrieved 17 May 2023.
  13. ^ "Alumni make their marks in business". Monash University. 21 March 2012. Retrieved 17 May 2023.
  14. ^ "Luke Sayers AM". Retrieved 15 December 2021.
  15. ^ a b "Sayers becomes the 31st President of the Carlton Football Club". 17 August 2021. Retrieved 15 December 2021.
  16. ^ a b c Kitney, Damon (29 July 2022). "Sayers' right hand man opens up". The Australian.
  17. ^ "PwC Australia to review partner investments after global intervention". Australian Financial Review. 16 July 2018. Retrieved 26 June 2023.
  18. ^ "Home Affairs $1bn visa platform outsourcing riddled with IT risks". iTnews. Retrieved 26 June 2023.
  19. ^ Sainsbury, Michael; West, Michael; West, Michael Sainsbury and Michael (13 August 2019). "Mate Versus Mate: Inside ScoMo's billion-dollar visa privatisation". Michael West. Retrieved 26 June 2023.
  20. ^ "Tension lingers at PwC over visa investments". Australian Financial Review. 19 September 2018. Retrieved 26 June 2023.
  21. ^ "Tension lingers at PwC over visa investments". Australian Financial Review. 19 September 2018. Retrieved 26 June 2023.
  22. ^ "PwC Australia to review partner investments after global intervention". Australian Financial Review. 16 July 2018. Retrieved 26 June 2023.
  23. ^ "PwC Australia to review partner investments after global intervention". Australian Financial Review. 16 July 2018. Retrieved 26 June 2023.
  24. ^ "Accountants can invest in consulting clients, raising conflict fears". Australian Financial Review. 17 July 2018. Retrieved 26 June 2023.
  25. ^ "From foundation to evolution: Sayers looking ahead". carltonfc.com.au. 11 January 2023. Retrieved 27 June 2023.
  26. ^ Khawaldeh, Khaled Al; Butler, Josh (20 April 2022). "Josh Frydenberg says he has pulled election ads after Guide Dogs Victoria complaint". The Guardian. ISSN 0261-3077. Retrieved 27 June 2023.
  27. ^ a b Silva, Kristian; Bogle, Ariel (20 April 2022). "Guide Dogs Victoria launches investigation after CEO publicly endorses Josh Frydenberg". ABC News. Retrieved 27 June 2023.
  28. ^ Brook, Stephen; Hutchinson, Samantha (21 April 2022). "Election flyers pose more questions than answers". The Age. Retrieved 27 June 2023.
  29. ^ Dexter, Rachael (21 April 2022). "Frydenberg to remove Scouts from campaign material". The Sydney Morning Herald. Retrieved 28 June 2023.
  30. ^ Danckert, Sarah (2 June 2023). "Twin troubles: PwC and Carlton give business heavyweight the blues". The Sydney Morning Herald. Retrieved 27 June 2023.
  31. ^ Harcourt, Tansy (2 June 2023). "Former PwC boss Luke Sayers promises to co-operate with investigations".
  32. ^ Johnston, Matt (10 March 2023). "How passion and drive made Carlton president Luke Sayers a leader". The Herald Sun.
  33. ^ "Frydenberg spruiker handed record grants". The Klaxon. 30 April 2022. Retrieved 27 June 2023.
  34. ^ Massola, Sumeyya; Ilanbey, James (20 April 2022). "Guide dogs charity to investigate CEO's public pitch for Josh Frydenberg". The Age. Retrieved 27 June 2023.
  35. ^ "'Extremely disappointing': Guide Dogs Victoria stands down CEO over public support for Josh Frydenberg". ABC News. 26 April 2022. Retrieved 27 June 2023.
  36. ^ "The former boss of PwC united all sides of politics in an hour by embodying Alan Bond's infamous phrase". ABC News. 15 October 2023. Retrieved 10 February 2024.
  37. ^ "PwC chiefs play pass the parcel". Australian Financial Review. 12 October 2023. Retrieved 10 February 2024.
  38. ^ "Blues urged to stand down Sayers over PwC crisis".
  39. ^ "Carlton joins Collingwood and Essendon with consultant chairs". 4 May 2021. Retrieved 15 December 2021.
  40. ^ "Timing of Blues presidency announcement questioned". 28 April 2021. Retrieved 15 December 2021.
  41. ^ "Carlton to launch external review of football department". 7 June 2021. Retrieved 15 December 2021.
  42. ^ "Blues review: New Carlton president Luke Sayers to release summary of findings to members". 18 August 2021. Retrieved 15 December 2021.
  43. ^ "Carlton Football Club statement: President's letter to members". 25 August 2021. Retrieved 15 December 2021.
  44. ^ a b "Carlton's tumultuous off season continues with Cain Liddle sacked". 11 September 2021. Retrieved 13 January 2022.
  45. ^ "The New Carlton". 8 December 2021. Retrieved 13 January 2022.
  46. ^ "'Completed all personnel changes': Carlton part with CEO Liddle". 10 September 2021. Retrieved 13 January 2022.
  47. ^ "Cook takes reins at Carlton". 17 September 2021. Retrieved 24 January 2022.
  48. ^ "Carlton President Luke Sayers says Blues expect 'to make finals in 2022' after sacking David Teague". 25 August 2021. Retrieved 24 January 2022.
  49. ^ a b "David Teague sacked by Carlton: Carlton president Luke Sayers had secret talks with coaching candidate Ross Lyon". 27 August 2021. Retrieved 24 January 2022.
  50. ^ "Carlton confirms AFL great Michael Voss as coach". Australian Broadcasting Corporation. 22 September 2021. Retrieved 21 January 2022.
  51. ^ "Australia Day honours: PwC's Luke Sayers made Member of the Order of Australia". 29 January 2019. Retrieved 13 January 2021.
Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/Luke_Sayers
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