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Board of Directors

The Board of Directors consists of non-executive Directors Mr Stephen McQuillan, Professor Stuart Crozier and Mr Stephen King, together with company executives Mr Duncan Stovell (Managing Director) and Mr Clint Gouveia (Executive Director). Mr Stephen Denaro is Magnetica’s Company Secretary.


The Directors bring to Magnetica a broad range of public company, growth and manufacturing experience, together with expertise in diagnostic imaging and extensive technological understanding of MRI.

Steve McQuillan Non-Executive Director Magnetica MRI Systems OEM
Non-Executive Director 
Steve McQuillan

Steve joined Avingtrans as CEO in October 2008. Over the last twelve years, the market cap of Avingtrans has increased by more than a factor of 10, deriving from multiple acquisitions and disposals and consistent performance improvements, to build shareholder value.


Steve joined Avingtrans from Serco, where he had spent four years as a Director of the National Physical Laboratory and, then as the Managing Director of the Serco Defence Operations business. A graduate engineer, Steve started his career in the oil industry, working for Conoco in the North Sea.  A long period at Mars Inc followed, mostly at Mars Electronics, where Steve moved to France to run their Western European operations and ultimately became the general manager of the Swiss banknote recognition business, Sodeco. Subsequently, as sales director, Steve was part of the team that sold Marconi Instruments to IFR Inc., before spending the following six years at Oxford Instruments, as Managing Director of its Superconductivity Division.


Steve is currently a trustee director of the Institute of Export and was previously a non-executive director at EEF, the manufacturers’ organisation and at the UK Atomic Energy Authority.

Stuart Crozier Non-Executive Director Magnetica MRI Systems OEM
Non-Executive Director
Professor Stuart Crozier

Stuart has been Associate Dean (Research) in The Faculty of Engineering Architecture and IT at The University of Queensland for the past ten years.  He is an ATSE Fellow, a Fellow of The Institute of Physics (UK) and a Senior Fellow of ISMRM. He holds a PhD and higher Doctorate (D.Eng.) in Biomedical Engineering.


Stuart has published over 300 journal papers and holds approximately 30 patents in the field of medical imaging. He has supervised more than 37 PhD students to graduation in the field. In 2012, he was awarded the ATSE Clunies Ross medal for research with a societal benefit. His main contributions have been to the development of applications and engineering innovation in Magnetic Resonance Imaging (MRI). Several of his innovations have been adopted by industry with GE and Siemens licensing some of his patents. He is a Deputy Editor of Magnetic Resonance in Medicine.

Stephen King Non-Executive Director Magnetica MRI Systems OEM
Non-Executive Director
Stephen King

Steve was appointed as Finance Director and Company Secretary of Avingtrans in September 2002.  Before joining Avingtrans, he was at PricewaterhouseCoopers, where he was a Senior Manager in the Assurance and Specialist Transaction practice.  Stephen has a first-class degree in Mechanical Engineering.


He has extensive experience in M&A, having overseen over 20 acquisitions and two disposals to date for Avingtrans, as well as the establishment of the Chinese wholly-owned foreign enterprises, restructuring & turnaround of underperforming businesses, capital raising and reporting.

Duncan Stovell Managing Director Magnetica MRI Systems OEM
Managing Director
Duncan Stovell

Duncan has spent the last 12+ years living and working in Brisbane, having grown up and worked in the UK prior to moving to Australia. Duncan has a business and technical background, with over 20 years of experience gained from high-tech product commercialisation in a range of industries including MedTech, energy, mining, defence and satellite communications.


Duncan holds a number of qualifications, including an MBA from The University of Queensland and two technical degrees from Universities in the UK.  He is a graduate of the Australian Institute of Company Directors and a Chartered Engineer.

Clint Gouveia Executive Director Magnetica MRI Systems OEM
Executive Director
Clint Gouveia

Clint has worked within the superconducting magnet industry since 1987. He gained significant global commercial and technical experience via numerous customer-facing engineering and management roles whilst with Oxford Instruments, coupled with OEM account, product and project management. Clint joined Varian Inc. in 2006, taking responsibility for their superconducting magnet test facility and product output, generating approximately $80M of revenue per annum. By 2012 Clint was overseeing the entire manufacturing and test functions at Agilent’s Oxford campus, with approximately 100 reports.


Formerly Scientific Magnetics (SciMag) Director of Operations, Clint took over the role of Managing Director of SciMag in February 2018. Clint is a Chartered Scientist with the UK Science Council, holds a BSc with first-class honours and is a fellow of The Institute of Science and Technology. Clint also works as a volunteer, assessing Chartered Scientist Applications on behalf of the Institute of Science and Technology.

SteStephen Denaro Company Secretary Magnetica MRI Systems OEM
Company Secretary
Stephen Denaro

Mr Denaro has extensive experience in mergers and acquisitions, business valuations, accountancy services, and income tax compliance gained from positions as Company Secretary, Chief Financial Officer and Non-Executive Director of various public companies, and with major chartered accountancy firms in Australia and the United Kingdom. He provides Company Secretarial and Board services for a number of technology ASX listed and unlisted companies.


Mr Denaro has a Bachelor of Business in Accountancy, Graduate Diploma in Applied Corporate Governance, and is a member of the Institute of Chartered Accountants in Australia, and the Australian Institute of Company Directors.