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NEWS

Wayne Clark: A Legacy of Leadership and Growth in the Building Industry Credit Bureau

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After an illustrious career spanning over four decades, Wayne Clark, the esteemed Executive Director of the Building Industry Credit Bureau (BICB), will be bidding farewell to his professional journey on June 30th, 2023. As an influential figure in the credit industry, Wayne’s extensive experience and remarkable contributions have left an indelible mark on the BICB and the building and construction sector as a whole.

Previous Positions

In April 1982, Wayne assumed the role of Business Manager at Clayfield College. His expertise and dedication quickly propelled him to greater heights, leading him to serve as the State Credit Manager at Corinthian Industries Qld Pty Ltd from January 1990 to September 1999. Following this, Wayne took on the position of Credit Manager QLD & NT at Coates Hire from September 1999 to August 2001, where he continued to showcase his exceptional leadership skills.

In 2001, Wayne embarked on a new venture by establishing his consulting business, RM Business Solutions. His firm offered a wide range of services, including turnaround assistance and the development of credit policies for a diverse range of industries. Notably, in 2011, Wayne was engaged by a consultant to MLA to participate in the completion of a feasibility study to find new markets for Australia’s Northern Beef industry. This critical task was a response to the Australian government’s decision to ban livestock exports to South East Asia. This was a very challenging exercise, however the study played a pivotal role in shaping the industry’s future during a challenging time.

Building Industry Credit Bureau

Wayne’s path intersected with the Building Industry Credit Bureau in July 2012, marking the beginning of a remarkable journey that spanned almost 11 years. During his tenure at the BICB, Wayne achieved numerous milestones and demonstrated exceptional leadership that propelled the organization to new heights.

One of Wayne’s proudest achievements was his successful completion of a feasibility study in 2013, which paved the way for the BICB to become a national entity. Wayne’s relentless efforts and dedication led to the nationwide launch of the BICB in the second half of 2014. Throughout this period, Wayne travelled extensively, promoting the organisation, and attracting members from various regions across Australia, including Victoria, New South Wales, the Australian Capital Territory, South Australia, Tasmania, the Northern Territory, and Western Australia. This expansion marked a turning point for the BICB, as it experienced unparalleled growth under Wayne’s astute leadership.

In 2014, Wayne’s innovative mindset and commitment to streamlining processes resulted in improvements to the loading of the members’ Debtors Aged Trial Balances (ATB) data into the BICB system. These enhancements enabled BICB’s national expansion and enhanced the efficiency of the BICB’s operations.

Rebranding of BICB for the future

Wayne’s influence extended beyond operational enhancements. He played a pivotal role in overseeing two rebrands of the BICB during his tenure, with the latest being the introduction of the colourful umbrella logo and the design of a new website. Wayne’s dedication to continuously improving the organization’s image and branding was a testament to his commitment to excellence.

BICB new logo
BICB logo – rebranding for the future

Development of Risk Tracker

A couple of years ago, Wayne along with Patrick Schweizer of Alares Systems, were discussing how it would be beneficial to have a tool that addressed the building and construction industry’s pressing need for effective credit risk management based solely on data from this sector. With their extensive experience and understanding of the building and construction sector, they recognised the critical importance of reliable and up-to-date information in mitigating risks and ensuring sustainable business operations for BICB members. From this, Risk Tracker was born.

Risk Tracker Logo

Risk Tracker has marked a significant milestone in the credit risk management landscape available to BICB members. Wayne and Patrick created a data-driven solution which leverages the vast members data held by BICB along with court action data and provides unparalleled insights to enable members to make informed decisions. This has been a significant achievement for both Wayne and Patrick, they should both be proud that, from a small seed of an idea in a conversation a couple of years ago, Risk Tracker was developed and has matured into the insightful product that it is today.

Trusted industry expert

Recognised for his vast knowledge and expertise, Wayne has been sought after for interviews and is a trusted industry expert on the building and construction sector in Australia. His wealth of statistical data and insightful opinions have been instrumental in shaping discussions surrounding the industry within the BICB membership. Wayne’s contributions have not only elevated the BICB’s profile but have also contributed to a greater understanding of the challenges and opportunities within the sector.

Wayne’s outstanding achievements and commitment to the BICB have played a pivotal role in the organisation’s growth and success over the past 11 years. His strong relationships with Building and Construction Industry suppliers are a testament to his expertise and professionalism, earning him the respect and admiration of his peers.

As Wayne Clark steps away from his role at the helm of the BICB, the organisation reflects upon his remarkable contributions with gratitude and admiration. His legacy as a visionary leader and his unwavering dedication to the building and construction industry will continue to inspire future generations. The Building Industry Credit Bureau and its members express their heartfelt appreciation for Wayne’s exceptional leadership and wish him a joyful and fulfilling retirement.

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