About Hugh Morgan (businessman)
Hugh Matheson Morgan, is an Australian businessman and former CEO of Western Mining Corporation. He was President of the Business Council of Australia from 2003 to 2005. The Howard government appointed him to the board of the Reserve Bank of Australia in 1996, where he remained until 2007. He also was the Founding Chairman of Asia Society Australia. After Bill died in the 1970s, Sir Arvi Parbo took Hugh under his wing and in 1976 made him Australia's youngest executive director. Morgan was first appointed to the Reserve Bank of Australia in 1981, but was not reappointed after a speech delivered in 1984 attracted criticism for his characterisation of Aboriginal Australians. Morgan's nuclear industrial development plans stalled after the Labor party won the 2007 Federal election. In 1996, Morgan made the decision to spend $1.25 billion expanding the Olympic Dam mine in the far north of South Australia.
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