Less than 18 months after his appointment, Local Government Super (LGS) chief executive, David Smith, has resigned, with deputy CEO Donna Heffernan stepping up as acting CEO.
When asked for confirmation by Money Management of the move, LGS said: “We confirm David Smith has resigned from the role of chief executive officer at Local Government Super. The Board, with full confidence, has appointed the deputy CEO, Donna Heffernan, as acting CEO.
“The Board is committed to delivering the best retirement outcomes for the members of LGS, and to reaching its strategic goal of $15 billion in FUM by 2021.This growth strategy will continue to be implemented by the LGS Board and the leadership team.”
Heffernan would bring over 30 years’ industry experience to the role, including 15 in roles specialising in compliance and governance within the superannuation industry.