The former GM Holden executive director of corporate affairs, Alison Terry, has stepped in to fill a position on the AustralianSuper board.
The vacancy has been left by the sudden death of director Peter Thomas.
Terry has acquired widespread management and policy experience during 17 years with GM Holden, which included a period as general council, where she was involved in high-level public policy and government relations as well as the management of legal and regulatory exposures.
Terry also has experience in financial management, marketing and international business operations.
"The challenge is to keep strengthening the board and Alison's formidable expertise is consistent with this objective," AustralianSuper Board member and chief executive of Ai Group Heather Ridout said.
ASFA has urged greater transparency and fairness in the way superannuation levies are set and spent.
Labor’s re-election has reignited calls to strengthen Australia’s $4.2 trillion super system, with industry bodies urging swift reform amid economic and demographic shifts.
A major super fund has defended its use of private markets in a submission to ASIC, asserting that appropriate governance and information-sharing practices are present in both public and private markets.
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.