Labour Union Co-operative Retirement Fund (LUCRF) Super CEO Greg Sword will step down from his position in June after eight years on the job.
He made the announcement this morning to give sufficient notice for a replacement.
“It is an appropriate time for me to step down as CEO as it provides an opportunity for the next generation of leaders to continue reforming the Australian financial services sector and maintain the important mission of the 'profit for members’ model,” Sword said.
“I will stop being a full-time CEO but I hope to continue working in the community for as long as I can.”
Sword became part of industry super 38 years ago when he began creating LUCRF Super in 1976. It was formally established in 1978 for members of the union and working people in general.
The fund has $4 billion funds under management with 185,000 members.
“Greg’s vision and determination started a transformation in the Australian economy that ensured superannuation extended to all workers and not just a privileged few,” LUCRF Super chairman Charlie Donnelly said.
Sword is a former national secretary of the National Union of Workers (NUW). He was recognised as a member of the Order of Australia in 2010.
