Michelle Jablko, lawyer, investment banker, executive and soon Transurban chief executive, has been open about who she is and what she does.
There are other things that those that have worked closely with her aren’t sure about: whether she’s a good poker player, or just playing a good host when she invited clients at Greenhill – another investment bank she worked at – to a Glamour in the Slammer card night at the Cell Block Theatre in Sydney’s Darlinghurst alongside her colleague Roger Feletto in 2015.
And no holiday in Italy this year. She’s been to the United States for Transurban – twice – and is heading there again for a third time next month to see investors. “It’s been fully focused on Transurban, I haven’t yet had a break ... so I’ll have to just learn that Italian online,” Jablko says. Another points out that, at Transurban, the step-up to chief executive may not be as big as it seems – Jablko has managed a big team, dealt with stakeholders and the tollroad operator is heavily reliant on financial engineering. “It [the challenge] is more about filling Scott’s shoes than filling the role ... it’s a financially engineered entity, all about balance sheet, basis points and how they hold their capital together ... she’s run big teams.
Of note: Jablko’s ability to read the room. Perhaps there’s no better example than her decision to leave ANZ – where, supporters say, she would have been a real contender for CEO in time – for Transurban where there was a more immediate shot at the top job. When she left, in 2020, it wasn’t clear how long Shayne Elliott would choose to stick around. He is still there.
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