South Australian private sector fund, Statewide Superannuation Trust, has appointed a leading businessman as its new chairperson and a senior female union official to its board.
Statewide chief executive Francis Magill said a director with the fund since 2007, Nicholas Begakis, had now assumed the chairmanship while ACTU executive member Janet Giles had been appointed a director.
Begakis is the chairman of a South Australian food company and has experience in the manufacturing, merchant banking and corporate recovery sectors.
Magill said the appointments, together with that of Lindsay Oxlad as chairperson of the fund’s subsidiary, Statewide Financial Management Services, provided the organisation with strategic experience and leadership.
