Board of Directors

MST’s board of directors and senior executives are Sydney based, and oversee MST’s global operations.

Gary Zamel


Founder & Director

Gary Zamel has been a private equity investor in technology, mining and industrial ventures for over 26 years. He is a founding member of the company and has established five technology start-up companies including Mine Site Technologies Pty Ltd and Benthic Geotech Pty Ltd (an under-sea drilling venture), Park Assist Pty Ltd and Nubian Water Systems Pty Ltd.

In 1989 Gary founded Jellinbah Resources Pty Ltd and he is a founder of the AGSM Centre for Innovation and Entrepreneurship at the UNSW. He has a Degree in Mining Engineering from the University of New South Wales. Gary is a Fellow of the Academy of Technology, Science & Engineering.


Phil McCarthy



Phil McCarthy is a company director and business advisor specialising in corporate strategy, value creation, acquisitions and divestment in technology, manufacturing, distribution and resources sectors.

His executive career spanned 36 years with Powercoal Pty Ltd, a large coal mining company, from which he retired in 2000 as the long serving CEO and Managing Director. Phil is a Fellow of Australian Institute of Company Directors and holds directorships with both listed public and private companies.



Mal McHutchison



Mal is a senior executive with domestic and global experience in leading organisations in the technology and services sector. He brings specific expertise in growing businesses operating in the private equity and public market environments. Mal has over 20 years experience working in the telecommunications, finance, technology and service sectors.

Most recently, he was Chief Commercial Officer at Glory Corporation (Nikkei listed) where he was accountable for the performance and management of all commercial operations outside of Japan (a business with revenues of ~$1Bn and staff of over 1,500 across 85 countries). Mal took this role after the successful sale of Talaris, a Carlyle Group backed technology and services firm to Glory Corporation for $1.05Bn in 2012.  He was part of original executive team who led the management buyout from De La Rue plc to The Carlyle Group in London during 2008 for $550m.

He is now retained by Macquarie Capital in the Principal Investments Group to assist across their portfolio of companies in Australia and New Zealand. Mal is an Economics Graduate who also has an MBA from the Australian Graduate School of Management.