Long-serving BUSSQ chair and director, Bob Lette is stepping down from his positions after three decades.
The big Queensland industry fund announced on Monday that Lette would be stepping down after 33 years on the trustee board, 27 of them as the chairman.
The fund said Lette had served on the board since its inception in 1984 and had been crucial in building it towards being a $4.5 billion fund.
BUSSQ chief executive, Linda Vickers said Lette had ensure a strong focus on delivering outcomes for the fund’s 85,000 members and 14,000 employers.
Lette steps down on 31 December with a new chairman to be announced following the fund’s December board meeting.
The $16 billion fund has teamed up with a retirement income product specialist to give its members more confidence to spend in retirement.
The super fund-owned institutional investment manager has appointed an internal candidate as its next head of operations.
The $91 billion fund has doubled down on its data security, alongside enhancing its investment strategy, with two key appointments.
The Albanese government has appointed Jim Craig as a member of the Future Fund Board of Guardians for a five‑year term.