CFO departs Rest following restructure

Chris Stevens
CHRIS STEVENS
Retail Employees Superannuation Trust - Chief Financial Officer
DEPARTURE
Retail Employees Superannuation Trust
RETAIL EMPLOYEES SUPERANNUATION TRUST
Date: December 2018
Position: Chief Financial Officer

Rest has announced that the role of chief financial officer, held by Chris Stevens since 2008, has been made redundant.

Prior to joining Rest, Stevens worked in the custody division of JPMorgan in Sydney for 14 years.

Stevens' is one of five redundancies following a restructure of the executive team that also saw the creation of two new roles: group executive, employer and industry engagement, awarded to Deborah Potts; and group executive, people and change, awarded to Trevor Evans.

These two roles are the first of a total of six newly-created group executive roles that will lead Rest's new internal working groups: employer and industry engagement, people and change, product and operations, innovation and transformation, corporate services and member engagement. Recruitment is underway for the remaining roles, with announcements due in the coming weeks and months, the fund said.

Vicki Doyle, Rest's chief executive officer, said: "The formation of the new working groups under the leadership of interdependent Group Executives will drive outstanding member experience and enable collaborative and end-to-end oversight of member and employer engagement, design and product and operations execution."

In acknowledging Stevens' contribution, Doyle added: "Chris has provided excellent financial oversight to Rest, which has grown considerably over the ten years he has been with us."

Leaving the $51 billion fund in addition to Stevens are: Craig Hobart, general manager, strategic relations; Sandra Coleman, general manager, transformation and technology; Beth Parkin, general manager, customer service; and Paul Howard, general counsel and company secretary.