Former deputy Victorian premier, James Merlino, has been appointed as chair of the board and independent director.
Merlino would join the Rest board following his 20-year career in the Victorian government. His variety of previous roles included deputy premier, minister for education, minister for mental health as well as minister for sport, recreation and youth affairs.
The former Victorian premier would bring his wide experience in economic and fiscal policy, stakeholder management and corporate governance to his new position.
Merlino would replace Kenneth Marshman, who would finish his position on 31 December, 2022.
On the new appointment, Marshman commented: “James is a fantastic addition to the Rest board and will be a tireless advocate for our members, ensuring their best financial interests continue to be at the heart of everything at Rest.”
Marshman had held the position of independent director since 2013 and additionally took on the role of independent chair of the board a year later.
As the fund experienced significant periods of growth, he made substantial contributions in navigating the board through corporate transformation.
“It has been a privilege to serve as the chair of the Rest board for the past nine years. Protecting and growing our members’ retirement savings has remained my light on the hill as has the diverse and changing needs of our members,” he said.
“I’m proud that in my time at Rest we have been able to offer greater assistance to members, ensuring as many as possible have access to the important support they need.”
Merlino expressed his excitement towards his new position, commenting: “Superannuation plays a vital role in the lives of all Australians and I look forward to supporting Rest members as they trust us to grow their super”.
