Larry R. Marshall
Larry Marshall | |
---|---|
![]() Dr. Larry R Marshall | |
Chief Executive of the CSIRO | |
In office 15 January 2015 – 30 June 2023 | |
Preceded by | Megan Clark |
Succeeded by | Doug Hilton |
Personal details | |
Born | Larry R. Marshall Sydney, Australia |
Education | Macquarie University (Ph.D) |
Larry R. Marshall FAICD FTSE is an Australian CEO, author and innovator who invented and commercialized the "eyesafe laser" enabling lasers to be used safely around humans,[1] and the semiconductor green laser which cures blindness in diabetics.[2] He founded 6 tech companies in the USA, delivered two IPOs[3] and is the longest serving CEO of the CSIRO, departing June 2023.[4] He currently Chairs American Chamber of Commerce, and Fortescue Innovation.[5]
Education
[edit]Born in Sydney Australia, he graduated from Macquarie University in 1988 with a PhD in physics,[6] doing research with J. A. Piper on Nonlinear Optics & Lasers.[7][8]
Research
[edit]In the United States he researched parametric oscillators,[9] diode laser-pumped solid-state lasers,[10] fiber lasers,[11] and laser stabilization.[12] Marshall published 100 papers.[13] He invented the "eyesafe laser" for LIDAR,[1] the single-frequency solid-state blue laser for submarine imaging,[14] the highest efficiency frequency-doubled laser,[15] UV 289nm laser for detection of biological weapons,[16] the intra-intra-cavity OPO for widely tunable IR medical lasers,[17] and the semiconductor green laser for Ophthalmology.[2]
Following his PhD work, Marshall lived in the United States where he spent time at Stanford University, founded 6 startups over 26 years,[18] and registered 20 US patents[19] which were the basis for his startups.[20]
Career
[edit]He was Australian Top 10 Digital Entrepreneur,[21] one of Australia's 10 most influential people in Tech,[22] an inaugural STEM Champion of Change,[23] & co-founded the following startups & VC Funds:
Light Solutions (CEO) invented semiconductor green laser curing blindness in diabetics, merger with Iris Medical created Iridex IPO’d on Nasdaq.[24]
Iriderm invented laser to treat Telangiectasia, was acquired by Nasdaq:CUTR[25]
AOC (Chair) created Optoelectronics for Cable TV, now public company in China[26]
Translucent (CEO, Chair) invented Silicon laser, formerly thought impossible, acquired by ASX:SLX, share price rose 10x post acquisition.[27]
Lightbit (CEO) invented optical chip enabling Telecom across USA in a single hop, acquired by Corelux.[28]
Arasor (MD, co-Chair) enabled wireless HD streaming video while Netflix was still mailing DVDs, IPO’d by Marshall[29]
Venture Capital firms Main Sequence,[30] Blackbird,[31] The Renewable Energy Fund,[4] Southern Cross Venture Partners.[32]
He is a Federation Fellow,[33] a Fellow of AICD,[34] AIP,[35] and FTSE.[36]
He is a published author, a book "Invention to Innovation" which teaches scientists to build companies,[37] and sits on the boards of ASX:FMG,[38] ASX:NAN,[39] ANU,[40] Great Barrier Reef Foundation.[41]
CSIRO
[edit]Marshall’s vision was for CSIRO to become an innovation catalyst to solve "Australia's Innovation Dilemma" he cites as a life mission.[37]
He reversed CSIRO’s 30y decline, created $10B more value that any prior CEO, and took CSIRO 80% of the way to Net Zero.[42] He doubled the female leadership of CSIRO, and credits Diversity for doubling the value created by CSIRO annually,[43] doubling the morale of its staff & their safety, and doubling its public Trust making it the most trusted iconic brand in Australia.[44]
He narrowed CSIRO’s focus to solving Australia’s 6 National Challenges: Health, Environment, Food, Energy, Future Industry, & National Security.[45] He created a National Missions program to solve these challenges, but opposite to EU Missions which are funded by government, his are funded primarily by Industry.[46]
He led CSIRO’s first acquisition, NICTA & created Australia’s largest AI group Data61;[47] created the ON Program, a National science accelerator that outperformed the famous US iCorps accelerator;[48] and raised the first VC Fund in Government, Main Sequence, now a $1B fund supporting scientist CEOs.[48]
Criticism
[edit]Marshall was subject to intense political criticism throughout his leadership of CSIRO:
When he was announced as CEO, he was asked about his inspiration for innovation, and cited the lengths farmers go to for water, including dowsing : "When I see that as a scientist, it makes me question, 'is there instrumentality that we could create that would enable a machine to find that water?"
Australian Skeptics awarded him Bent Spoon award for "the most preposterous piece of paranormal or pseudoscientific piffle".[49][50]
In 2016, CSIRO deployed a water detection device as described by Marshall, and mapped underground aquifers, but the Australian Skeptics refused to withdraw their award.[51]
His narrowing of CSIRO’s focus required a 350 person reduction, including 60 climate scientists which drew intense criticism from scientists & the Australian Labor Party, & Greens,[52] including:[53][54]
3,000 signature petition from scientists across 60 countries[55]
Editorial in New York Times titled “Australia turns its back on climate science”[58][59]
50+ articles by Peter Hannam criticizing the changes[60]
2016 election promise by Labor to reverse Marshall’s changes[61]
Intense Public criticism of Marshall by famous scientists John Church,[62] Tony Haymet,[63] Andy Pitman,[64] and Senators Kim Carr, Janet Rice, Whish-Wilson said his position was "untenable", "his strategy failed", and he was "going down in flames".[65][66][67]
It was later shown that Marshall did not cut funding to climate science, but the prior leadership lost $20M of funding before Marshall arrived.[68] Despite the initial redundancies, Marshall grew CSIRO by 1,000 people, its first growth in 30y.[42][43][44]
In the midst of climate criticism, media reported he was being sued by angry shareholders in Arasor, which he had left 10y earlier.[69]
Marshall took Arasor public in 2006, and exceeded revenue expectations in 2006 and 2007,[70][71] making ASX:ARR one of the most successful tech IPOs of that time.[72] He left in 2007 and 5 years later in 2011 all the Directors were named in a speculative lawsuit launched by a litigation fund International Litigation Partners.[73][74] In a failed claim it had been alleged that Arasor's Directors produced misleading prospectuses.[75] The case gained notoriety when it failed to show misstatements and was rejected,[76] but then plead market based causation[77] which does not require either damages or specific misstatements.[78] The case was closed in 2018 with no actions against any director,[79] but one of the plaintiffs was subsequently sued over "inflated claims".[80][81] International Litigation Partners was itself sued by the Australian Tax Office for tax evasion,[82] and its founder Paul Lindholm charged with resisting arrest.[83]
References
[edit]- ^ a b "An Efficient Eyesafe Source at 1.59 μm", L.R. Marshall, R. Burnham, J. Kasinski, Advanced Solid State Lasers, OSA, vol. 6, pp. 271–276 (1990).
- ^ a b "Diode Pumped Solid-State Lasers in Ophthalmology" L.R. Marshall, LEOS'97, San Francisco, CA (1997)
- ^ "iTWire - CSIRO marshals venture capitalist as new CEO". itwire.com. Retrieved 7 May 2024.
- ^ a b Milman, Oliver (9 October 2014). "CSIRO appoints Larry Marshall as new chief executive". The Guardian. Retrieved 8 August 2022.
- ^ https://www.csiro.au/en/news/All/News/2023/June/WEHIS-PROFESSOR-DOUG-HILTON--APPOINTED-AS-CSIRO-CHIEF-EXECUTIVE.
{{cite web}}
: Missing or empty|title=
(help) - ^ "Larry Marshall | LinkedIn". LinkedIn. Retrieved 8 August 2022.
- ^ L. R. Marshall and J. A. Piper, Transient stimulated Raman scattering in lead vapor, IEEE J. Quantum Electron. 26, 1098–1104 (1990).
- ^ L. R. Marshall and J. A. Piper, Accumulation of Raman gain between closely spaced pulse pairs, Opt. Lett. 1345–1347 (1990).
- ^ L. R. Marshall and A. Kaz, Eye-safe output from noncritically phase-matched parametric oscillators, JOSA B 10, 1730–1736 (1993)
- ^ L. R. Marshall, J. Kasinski, and R. L. Burnham, Diode-pumped eye-safe laser source exceeding 1% efficiency, Opt. Lett. 21, 1680–1682 (1991).
- ^ L. R. Marshall, Fiber stub end-pumped laser, US Patent 5,663,979 (1997).
- ^ L. R. Marshall et al., Pulsed laser with passive stabilization, US Patent 5,982,789 (1999).
- ^ https://www.osapublishing.org/search.cfm?q=larry marshall&meta=1&cj=1&cc=1 https://ieeexplore.ieee.org/search/searchresult.jsp?queryText=larry%20marshall&rowsPerPage=50 http://www.laserfocusworld.com/archives.html http://spie.org/app/search/browse?Ntt=larry+r+marshall&Dy=1&Nty=1&Nrpp=20
- ^ "All-Solid-State, High Power, Diode-Pumped 455 nm Laser" L. R. Marshall, Proceedings of Lasers '91, MD5 (Society for Optical & Quantum Electronics, 1991).
- ^ Highly Efficient TEMoo Operation of Side-Pumped Nd:YAG Lasers" L.R. Marshall, A. Kaz, R.L. Burnham, Opt. Lett., 17, pp. 186–189 (1991).
- ^ Highly Efficient, All Solid-State 290 nm Source", L.R. Marshall & A. Kaz, CLEO '94, post deadline paper, Anaheim, CA (1994).
- ^ Noncritically phase-matched Degenerate 4μm OPO", A.Kaz & L.R. Marshall; OSA Proceedings on Advanced Solid State Lasers (1994) Vol. 20 pp. 443–446, Advanced Solid State Lasers, Salt Lake City, UT, Feb 7–10 (1994).
- ^ "Dr Larry Marshall". people.csiro.au. Retrieved 2 October 2015.
- ^ "Google".
- ^ The Sydney Morning Herald, October 2014
- ^ SmartCompany (14 June 2007). "Our top 10 digital entrepreneurs". SmartCompany. Retrieved 28 May 2024.
- ^ Howarth, Brad (28 September 2015). "Australia's 10 most influential people in tech". SmartCompany. Retrieved 28 May 2024.
- ^ "Champions of Change STEM". Champions Of Change Coalition. Retrieved 18 June 2024.
- ^ Jones, Dow (17 February 1996). "Iridex's Initial Offering". The New York Times. ISSN 0362-4331. Retrieved 28 May 2024.
- ^ Corporation, IRIDEX. "Cutera and IRIDEX Announce Acquisition of IRIDEX' Aesthetic Business Unit". www.prnewswire.com. Retrieved 28 May 2024.
- ^ www.bloomberg.com https://www.bloomberg.com/profile/company/3780312Z:US. Retrieved 28 May 2024.
{{cite web}}
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(help) - ^ Matters, Energy (27 May 2009). "Silex To Acquire Australian BP Solar Panel Plant". Energy Matters. Retrieved 18 June 2024.
- ^ "Lightbit Announces Pure-Optical Processor Chip". Laser Focus World. 11 March 2003. Retrieved 28 May 2024.
- ^ "Arasor to hire more local talent". Australian Financial Review. 14 March 2007. Retrieved 28 May 2024.
- ^ Riley, James (3 November 2017). "Larry Marshall's Main Sequence". InnovationAus.com. Retrieved 7 May 2024.
- ^ "Good luck, rich parents and Canva: how Blackbird made millionaires". Australian Financial Review. 22 October 2023. Retrieved 7 May 2024.
- ^ Moses, Asher (4 June 2012). "300: the small Aussie force willing to risk all". The Sydney Morning Herald. Retrieved 7 May 2024.
- ^ "Macquarie University Staff News". www.mq.edu.au. Retrieved 18 June 2024.
- ^ "Dr Larry Marshall - AICD". www.aicd.com.au. Retrieved 19 June 2024.
- ^ "The Australian Institute of Physics - Public Fellows List". aip.org.au. Retrieved 19 June 2024.
- ^ ATSE (13 December 2016). ATSE 2016 New Fellow: Dr Larry Marshall FTSE. Retrieved 19 June 2024 – via YouTube.
- ^ a b Invention to Innovation.
- ^ "Fortescue board bolstered by ex-CSIRO boss Larry Marshall". 26 August 2023.
- ^ "Board of Directors | Nanosonics". www.nanosonics.com. Retrieved 7 May 2024.
- ^ "Dr Larry Marshall | Australian National University". www.anu.edu.au. 24 July 2023. Retrieved 7 May 2024.
- ^ "Dr Larry Marshall". Great Barrier Reef Foundation. Retrieved 7 May 2024.
- ^ a b "Making net zero a reality". CEDA. Retrieved 31 May 2024.
- ^ a b Riley, James (16 June 2023). "The exit interview: Larry Marshall has no regrets". InnovationAus.com. Retrieved 31 May 2024.
- ^ a b "Why Larry Marshall turned down a job extension at CSIRO". Australian Financial Review. 19 June 2023. Retrieved 31 May 2024.
- ^ CSIRO. "Long serving CSIRO Chief Executive Dr Larry Marshall to conclude third and final term June 2023". www.csiro.au. Retrieved 31 May 2024.
- ^ Wolff, Helen (12 July 2023). "Dr. Larry R. Marshall". CSIROpedia. Retrieved 31 May 2024.
- ^ CSIRO. "CSIRO's Data61 delivers for Australia in its first year of operations". www.csiro.au. Retrieved 31 May 2024.
- ^ a b Riley, James (3 November 2017). "Larry Marshall's Main Sequence". InnovationAus.com. Retrieved 31 May 2024.
- ^ "CSIRO head keen to expand water research". Australian Broadcasting Corporation. 19 October 2014.
- ^ "Bent spoon for CSIRO head". Australian Skeptics Inc. Retrieved 6 February 2016.
- ^ "CSIRO chief retains award for dodgy science". ABC listen. 9 July 2016. Retrieved 28 May 2024.
- ^ "CSIRO climate science cuts a test for Turnbull: Greens". Australian Greens. Retrieved 25 March 2016.
- ^ Scientists Protest Cuts and Commercialization at Australian Climate Center, By Michelle Innis, New York Times, Feb. 27, 2016
- ^ Backlash against CSIRO's 'cowboy' chief Larry Marshall; As Larry Marshall signals cuts to various programs, CSIRO staff say he is either out of his depth or has questionable motives – or both. By Martin McKenzie-Murray, The Saturday Paper, Feb 20, 2016
- ^ CSIRO chief defends climate research cuts as staff weigh up industrial action; Larry Marshall says there will be no net loss of staff over two years as international climate scientists condemn the cuts, by Michael Slezak, Guardian, 8 February 2016
- ^ Senator Lisa Singh (23 February 2016), CSIRO Cuts – Adjournment Speech, retrieved 24 March 2016
- ^ Australian Greens http://greens.org.au/news/vic/csiro-ceo%25E2%2580%2599s-climate-science-cuts-cast-doubt-its-future. Retrieved 25 March 2016.
{{cite web}}
: Missing or empty|title=
(help) - ^ The Editorial Board (4 March 2016). "Australia Turns Its Back on Climate Science". The New York Times. ISSN 0362-4331. Retrieved 24 March 2016.
- ^ "'Deplorable misunderstanding': New York Times criticises CSIRO cuts". ABC News. 4 March 2016. Retrieved 24 March 2016.
- ^ 'Maybe I'm naive': CSIRO's Larry Marshall tries again to explain deep staff cuts, Peter Hannam, The Sydney Morning Herald, February 11, 2016
- ^ Hutchens, Gareth (12 June 2016). "Labor promises CSIRO $250m to reverse Coalition's funding cuts". The Guardian. ISSN 0261-3077. Retrieved 3 June 2024.
- ^ "'Climate will be all gone' as CSIRO swings jobs axe, scientists say". The Sydney Morning Herald. 4 February 2016. Retrieved 24 March 2016.
- ^ Jones, Roger (4 February 2016). "CSIRO cuts to climate science are against the public good". The Conversation. Retrieved 24 March 2016.
- ^ Pitman, Andy (5 February 2016). "CSIRO boss's failed logic over climate science could waste billions in taxes". The Conversation. Retrieved 24 March 2016.
- ^ Hamilton, Clive (4 February 2016). "CSIRO is poised to slash climate research jobs – experts react". The Conversation. Retrieved 24 March 2016.
- ^ "CSIRO cuts: Without climate modelling, we won't be able to adapt". ABC News. 5 February 2016. Retrieved 24 March 2016.
- ^ CSIRO. "Correcting the Public Record on Changes at CSIRO". www.csiro.au. Retrieved 24 March 2016.
- ^ "A hidden agenda? Larry Marshall and the CSIRO's climate scientists". ABC listen. 6 June 2016. Retrieved 31 May 2024.
- ^ Shanahan, Leo (14 July 2015). "CSIRO head Larry Marshal sued over technology firm collapse". The Australian. News Ltd. Retrieved 23 March 2016.
- ^ "Seize the moment". Australian Financial Review. 24 February 2007. Retrieved 3 April 2024.
- ^ "Arasor makes strong debut on ASX". The Sydney Morning Herald. 25 October 2006. Retrieved 3 April 2024.
- ^ "Arasor to hire more local talent". Australian Financial Review. 14 March 2007. Retrieved 3 April 2024.
- ^ "Class Actions in Australia: 2015 in Review | Martindale.com".
- ^ A, Moogy. "Collapsed IT company attracts strong interest from potential buyers". SmartCompany. Retrieved 23 March 2016.
- ^ Thompson, Renee (13 July 2015). "CSIRO chief taken to court by shareholders of collapsed ASX listed business". SmartCompany. Retrieved 23 March 2016.
- ^ Boggs, Squire Patton (2 December 2015). "Australian Full Federal Court Recognises Market-Based Causation". Restructuring GlobalView. Retrieved 3 April 2024.
- ^ "Causation (law)", Wikipedia, 5 August 2023, retrieved 3 April 2024
- ^ "Elliott, Jacob --- "Goodbye Caveat Emptor: Market-Based Causation In Australian Shareholder Class Actions" [2023] UNSWLawJlStuS 4; (2023) UNSWLJ Student Series No 23-4". classic.austlii.edu.au. Retrieved 3 April 2024.
- ^ Caason Investments Pty Limited v Cao (No 2), 16 April 2018, retrieved 3 April 2024
- ^ Caulfield, Christine (16 May 2023). "'Silly case' between class action applicant, funder settles". Lawyerly. Retrieved 3 April 2024.
- ^ Bolza, Miklos (28 August 2020). "'Completely unsatisfactory': Arasor class action applicant hit with costs for 'overstated' claims". Lawyerly. Retrieved 3 April 2024.
- ^ "ATO sues International Litigation Partners for $7.4m tax". 7 August 2014.
- ^ "Banker in DUI scuffle with police". 4 April 2011.