LGIAsuper is seeking a new chief executive officer to head its expanding executive team, following its successful transition to a public offer fund earlier this year.
The current CEO and chief investment officer, David Todd, is set to focus solely on the fund’s $11 billion investment profile once a new CEO is appointed. He has been CEO of the fund since 2006.
The fund has also created a new executive position, chief of people and culture, to which they have promoted head of human resources Eleanor Noonan.
LGIAsuper chair, John Smith, believes that the fund’s fast expansion this year combined with its transition to digital platforms means that the time is right for a renewed and expanded leadership team.
Smith said that the changes will help LGIA better serve its members going forward.
“With David focusing on investments, Ms Noonan shaping organisational culture and a new CEO to drive business growth, the board believes LGIAsuper will be well-positioned to continue providing excellent service and consistent returns to the fund’s growing 85,000-strong member base,” he said.
Todd will continue as CEO until the position is filled.