UniSuper chief executive Terry McCredden has announced he will step down as head of the fund later in 2013.
McCredden's five-year contract ends in July although he will stay on until September to facilitate the smooth transition to Stronger Super and a new chief executive, who will be recruited through a specialist sub-committee of the board, according to UniSuper chairman Chris Cuffe.
"Terry has led the organisation with distinction over the past five years, growing its assets under management by around $10 billion; effecting significant changes to the organisation's capability and culture, systems and processes; and responding to a range of challenges, including regulatory change," he said.
Cuffe also commended McCredden for the enhancements to UniSuper's financial planning arm.
Executive search firm Russell Reynolds will partner with UniSuper to conduct the search for a new chief executive.
