Life beyond the turnaround: Insights from a career in and post-insolvency

03/07/2025

Based on his presentation at the 2025 ARITA National Conference with Jason Preston RITF, Executive Chair & Partner, McGrathNicol, this article explores the key phases of Lindsay Maxsted’s professional journey, drawing extensively on his own reflections to reveal insights into crisis management, boardroom dynamics, and the changing face of the restructuring profession. His story offers not only a retrospective on a remarkable career but also enduring lessons for the next generation of leaders.

Lindsay Maxsted stands as one of Australia’s most respected figures in corporate leadership and governance, having forged a career that spans nearly five decades across auditing, insolvency, executive management, and high-level board directorships. From his early years at Peat, Marwick, Mitchell—now KPMG—through to board positions on Westpac, Transurban, and BHP, Maxsted has consistently demonstrated the power of integrity, adaptability, and strategic thinking. His career is defined by a seamless evolution across sectors and leadership positions, while being grounded in a deep commitment to doing what is right for organisations, stakeholders, and the broader public interest.

A career forged through opportunity and integrity

Lindsay Maxsted’s distinguished career in professional services, corporate restructuring, and board leadership is a testament to the long-term value of principled decision-making, deep domain expertise, and the courage to embrace change. His journey from auditor to insolvency practitioner, from CEO of KPMG to Chair of Westpac and Transurban, and on to director of BHP, reveals how technical skills and ethical leadership can shape not only a professional legacy, but also the institutions that underpin Australia's economy.

Read the full article (Members only).

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