Rest has welcomed a new chief financial officer (CFO) and director to its board, with both commencing in the new year.
Joining the $75 billion superannuation fund as Melbourne-based CFO from 22 January 2024, John O’Sullivan will lead Rest’s finance and investment operations team.
In his role, he will oversee financial strategy, management and reporting, valuations, actuarial, portfolio governance, taxation, and investment operations.
O’Sullivan brings more than two decades of experience in super, banking, and insurance. Most recently, he worked at EY for over 15 years as a director and an associate partner.
The new CFO also dealt closely with Rest over the past five years as a consultant before joining the fund.
Commenting on the appointment, Vicki Doyle, Rest chief executive, said: “John’s deep experience and knowledge is a welcome contribution to Rest as we continue to focus on delivering the best possible retirement outcomes for our nearly 2 million members.
“I’m extremely pleased that John is bringing his wide industry experience and skill to Rest as we embark on the next phase of our mission to make the experience of super simple for our members.”
O’Sullivan commented: “I look forward to contributing to members’ positive outcomes through my leadership of the finance and investment operations function at Rest.”
The fund has also farewelled board director Michael Tehan who finishes his term on 31 March 2024 after joining in 2017.
Mitchell Worsley has been appointed in his place who will take over on 1 April 2024.
The new board director has over 15 years of experience advocating for working Australians at the Shop, Distributive and Allied Employees’ Association as an industrial officer.
James Merlino, chair of the Rest board, welcomed Worsley: “As a highly respected member advocate and industrial relations expert, he will bring new and valuable perspectives to the board’s focus on helping members achieve their personal best retirement outcomes.”
The chair also thanked departing Tehan for his service to the fund and its members for more than six years.
Worsley said: “It’s a great honour to be joining the Rest board. Rest is unique in that it represents more than a million members under the age of 30 and 1 million women.
“I look forward to bringing my skills, experience, and perspectives to the Rest board’s focus on championing the best financial interests of Rest’s nearly 2 million members.”