Prime Super CEO to depart

31 October 2023
| By Laura Dew |
image
image
expand image

Prime Super chief executive, Lachlan Baird, is to depart the $6.7 billion fund after 18 years.

Baird has been CEO at the fund since 2005 and led the profit-to-member fund through three mergers and will leave on 1 December 2023. 

Remo Memmolo, chief operating officer, will take on the role of Interim CEO following Baird’s departure and while an independent recruitment process is undertaken. He has been at Prime Super since 2015 
 
Prime Super chair, Nigel Alexander, said: “He leaves an impressive legacy with Prime Super in a strong position as we look to the future and deliver a well-considered and forward-looking strategy in a period of industry change.”

Baird said: “As Prime Super enters the next phase of its evolution, it does so with an enviable record and an excellent reputation among our partners and industry peers.

“I will leave the organisation knowing it is in great shape for the future.”

Prime Super was formed in 1996 through the amalgamation of four regional super funds and now looks after more than 143,000 members. 

The fund was recently a finalist at Super Review’s annual Super Fund of the Year Awards in the Smooth Ride category.

Read more about:

AUTHOR

Add new comment

The content of this field is kept private and will not be shown publicly.

Recommended for you

sidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

2 months 1 week ago
Kevin Gorman

Super director remuneration ...

2 months 2 weeks ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

2 months 2 weeks ago

In an address to the G20 Economic Ministers Forum in Brazil last week, the Treasurer spoke of weak economic growth as the balance of risks in the economy shifts slowly aw...

3 days 10 hours hence

The $125 billion fund has welcomed a senior Morningstar executive for a new policy and advice role....

11 hours hence

Ausbil’s Global SmallCap team looks at this generational change in power markets and discovers opportunities for unrecognised growth in global small-cap markets.The world...

4 years 1 month ago