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.
The local super industry now commands more than $4 trillion in assets, boosted by impressive quarterly returns.
The industry fund has upped its investment in start-ups, helping to unlock the benefits of innovation and emerging technologies.
The chair of the Future Fund has slammed critics of the sovereign wealth’s new mandate as “factually incorrect”.
Super Review understands the Division 296 legislation could be facing the chopping block, with Labor said to be struggling to secure support ahead of the final sitting week of the year.