Four new trustees at Hostplus
Four trustees will join the board of industry fund Hostplus after four previous trustees reached their tenure limit.
The fund said the directors had reached their maximum permitted board tenure under the governance framework. This consisted of three employers, three employees and three independent directors.
Stepping down was Peter Collins, independent director; employer directors Mark Robertson and Mark Vaile; and Neil Randall, an alternative employer director.
There had previously been calls for Vaile, the chair of Whitehaven Coal, to step down from the board due to his links to the coal industry.
Joining the board in their place would be David Attenborough, Craig Laundy, Janet Whiting and Brian Kearney.
Attenborough was chief executive of Tabcorp; Laundy was former minister for small and family business, industrial relations and deregulation; Whiting was partner at Gilbert and Tobin Lawyers; and Kearney was the former chief executive of the Australian Hotels Association.
Hostplus chair, David Elmslie, said: “This is an important time for Hostplus, as we continue to grow and develop and realise scale benefits so that we can work diligently to manage and grow our members’ superannuation savings so they can look forward to a dignified retirement.
“I am very pleased that David, Craig, Janet and Brian will be joining our board, and their collective abilities and expertise ensure that our fund remains well placed to continue to deliver outcomes that are in the best financial interests of our members, and particularly as we enter a period of unprecedented reform and transformation in our retirement income system.”
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
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