TWUSUPER chief executive, Paul Sayer, has resigned from the post, the industry super fund announced.
After less than a year in the role, Sayer left due to issues with commuting to and from Sydney and Melbourne.
TWUSUPER chairman, David Galbally, said "with the fund's head office based in Melbourne and Paul's family and interests outside of work based in Sydney the demands of commuting, along with the travel involved in the role, proved difficult."
Former CEO, Bill McMillin, will return to the role he resigned from also after less than a year for personal reasons.
"The board is pleased that Bill, who has been assisting myself and the Board in a consulting capacity, has agreed to return to the role of CEO in a full-time capacity," Galbally said.
Australian Ethical has named its new head of equities, who previously spent 12 years at Perpetual.
The country’s sovereign wealth fund has unveiled a flurry of changes to its leadership team, including the appointment of a key executive role.
With Damian Graham stepping into a new capacity within the $190 billion super fund ahead of his retirement, a global search is set to commence for his replacement.
Cbus has swiftly promoted Leigh Gavin to chief investment officer only months after naming him deputy, as the fund works towards growing in size and bringing its investment expertise in-house.