Leigh Morrison is CEO of RYCO Hydraulics Pty Ltd, a global leader in fluid conveying technology.
RYCO products service a range of hydraulic applications across industries including mining, forestry, transport, construction, military, marine, oil and gas, and agriculture.
Leigh began work with the Victorian-based, family-owned company in 1977 and, after working in a number of senior management roles, was appointed CEO in 1988. During his time with the company, Leigh has been instrumental in its growth from a small, regional business with approximately $7 million in turnover to an industry leader with operations and distribution throughout the world and an annual turnover approaching $200 million.
Under Leigh’s leadership, RYCO has successfully built green-fields businesses in the USA and in China and has made several strategic acquisitions in other parts of the world. In 2019, RYCO entered into a merger with European based industry player, Manuli (post-merger combined revenues of approx. $800 million), creating a new industry leader with enhanced technology, a broader product offering, stronger manufacturing footprint, and a truly global reach. The merged group will be renamed ManuliRyco at the end of this year.
Leigh has direct experience across a range of functions including product development; manufacturing and supply chain; marketing and financial management.
An honours graduate in Mechanical Engineering from The University of Melbourne, Leigh is acknowledged as a leading authority on hydraulic hose and couplings and has personally led innovation investments that have resulted in major process control efficiencies, and world leading metal process developments in hydraulic couplings that have brought material waste levels down from 75% to 8%.
Leigh’s commitment to customer-driven marketing has helped build RYCO into a brand that is recognised for product quality, engineering excellence and reliability and unparalleled customer service. And his leadership style has retained the values and cultural strengths of a family-owned business as RYCO has continued to expand its reach and size.
Leigh’s commitment to tight financial controls and delivering targeted returns on investment has underpinned RYCO’s track record of sustained, profitable growth.
Leigh’s interests include outdoor adventure, snow skiing, remote fishing and celestial physics.