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Two board directors step down from Cbus Super.
Two board directors have stepped down from Cbus Super, while one former deputy chair is to return.
Anne Donnellan and Frank O’Grady would both leave the fund’s board after a combined 20 years with Cbus.
Donnellan would be replaced by Australian Manufacturing Workers Union (AMWU) national legal co-ordinator, Abha Devasia, while Construction Forestry Maritime Mining Energy Union (CFMMEU) national construction secretary, Dave Noonan, would replace O’Grady.
Noonan had previously served as deputy chair of the fund but stepped down in January.
Chair, Wayne Swan, said: “As part of the original 1984 campaign that won superannuation for building workers and created the fund, Frank has helped guide the member first focus of not just Cbus, but industry funds in general.
“Anne has been a fearless advocate for members in her time as a director and alternate director. Her knowledge and experience of blue-collar members outside of the construction industry enabled her to make a valuable contribution to the board.”
Regarding the new members, Swan said: “Abha is an advocate at heart and I am excited to see her bring her passion for supporting migrant workers and culturally-diverse communities to the super sector.
“Dave has served as deputy chair of the fund and has a keen understanding of the fund’s operation and the outcomes it delivers for members. His expert contribution on our investment committee has long been valued by our investment leaders.”
Devasia would commence in January while Noonan would re-join the board in April 2023.
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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