Australian Council of Superannuation Investors (ACSI) chief executive, Ann Byrne will step down from her position later this year.
ACSI president Gerard Noonan said Byrne's five years with the organisation supported its growth into a major force in corporate governance in Australia and bolstered super funds focus on the environmental and social impact of companies.
"Ann's direct style and her intellectual savvy are well known to many chairs and directors of the stock exchange's top 200 companies," Noonan said.
"She has been an articulate advocate on ESG issues for many years and has a deep understanding, on behalf of millions of super fund members, of the importance of improved corporate governance in Australia's corporate landscape."
Byrne has spent the past year involved in a major project to re-organise ACSI's governance and representative structure, Noonan said.
Byrne is former chief executive of UniSuper and Superannuation Trust of Australia (now AustralianSuper) and will continue in her role as elected member of the United Nations Principles for Responsible Investment (UNPRI) organisation, which she has held for three years, until October.
ACSI has started an international search for Byrne's replacement.
AustralianSuper has reported a 9.52 per cent return for its Balanced super option for the 2024–25 financial year, as markets delivered another year of strong performance despite the complex investing environment.
The profit-to-member super fund’s MySuper default option has returned 9.85 per cent for the financial year 2024–25.
Colonial First State (CFS) has announced solid double-digit returns for its MySuper balanced and growth equivalent funds during the financial year.
The super fund’s Future Saver High Growth option delivered an 11.9 per cent return for the financial year 2024–25, on the back of a diversified portfolio and actively managed investment strategy.