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Bracks to resign as Cbus chair for Federal Government appointment
Steve Bracks has signalled his intention to step down as chair of Cbus this September to pursue a Federal Government appointment as Australian-Consulate general in the US.
Bracks joined the board in early 2009 and helped successfully navigate the fund through a period of uncertainty, Cbus chief executive David Atkin said.
Bracks has also been the director of Cbus property was a former premier of Victoria.
The fund has built its infrastructure and property assets under Bracks including the recent 99 year lease of Port Botany and Port Kembla, the Port of Brisbane and Manchester Airport.
The industry fund will announce a replacement prior to Bracks official resignation.
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