Matthews inducted into FBA's Hall of Fame

04 September 2019

Matthews Australasia has been inducted into Family Business Australia’s Hall of Fame. The announcement was made during the Awards Dinner at The Family Business Conference in Melbourne last night.

Lester Nichol, chairman of Matthews Australasia, said staff throughout the company were delighted.

“As founder of this business, I feel immense pride in Matthews Australasia being recognised in this way. Every single employee plays an important role. A good analogy is an engine: every part needs to work properly, and together, for success. That’s what we have at Matthews. The fact it’s a family business just makes that all the more special.”

Matt Nichol is Matthews Australasia’s regional sales manager and part of the second generation in the business along with his brother Ben, who is the company’s supply chain and procurement manager. Left to Right: Matt, Lester and Ben accept the award for Matthews.

Matt said, “The Hall of Fame citation recognises the achievements of families who are managing businesses that are both respected and successful. Family businesses account for nearly 70% of all businesses in Australia;

those of us who are involved in these businesses know the significant role they play in our community, society and indeed the economy, and this induction certainly recognises all that.”

The FBA said that key to Matthews’ induction this year was their highly regarded brand and product offering that reflects quality, value and integrity, along with professional governance, all of which reflects the standards that FBA upholds in a family business. Another aspect was their best-practice transition plan, which they began planning out several years ago. Mark Dingley, who joined the company in 1994 in customer service, worked alongside the family to take over as CEO, which he did in June 2017. Supported by a talented and diverse Board, the plan meant Matthews was always stably managed, and the transition was smooth. The plan also ensures they have the optimal mix of experience, knowledge and fresh ideas. FBA said this approach also set the business apart.

Matt continued, “I am part of the FBA’s Victoria-Tasmania Committee, so I know just how important all these points are. As a company, we are truly honoured to be inducted into the FBA Hall of Fame and recognised for our achievements.”

Lester Nichol said, “The Hall of Fame is a highly esteemed peer commendation, with previous inductees all being outstanding family businesses of various sizes from across Australia. Matthews is very proud to now be part of this.”