Local Government Super’s (LGS’) chief executive, Peter Lambert, has resigned after 10 years in the role.
LGA chair, Craig Peate, said Lambert had achieved significant growth and wide recognition of the fund’s leadership in responsible and sustainable investment.
“On behalf of the board I wish Peter all the best for his future endeavors,” Peate said.
Peate said the board had commenced recruitment to appoint a new chief executive.
Donna Heffernan has been appointed as acting CEO until a permanent replacement has been appointed.
“We are continuing to grow and perform well and have just achieved $10 billion in funds under management. With a stable and experienced team of senior executives in place the fund will continue to focus on delivering the best retirement outcomes for our members,” Peate said.