EISS Super CEO resigns
The Energy Industries Superannuation Scheme (EISS Super) chief executive officer, Alexander Hutchison, has resigned.
In a statement, the fund acknowledged the significant contribution Hutchinson made to EISS Super. He was involved in ensuring members and employers' rights were protected during the restructuring of the electricity industry in NSW and also in bringing the funding position of the defined benefit fund back to a surplus.
EISS Super's chief financial officer, Lance Foster, will take on the role of acting chief executive officer.
“I am looking forward to taking some time out before considering what I want to do next. The timing is right for me and it's right for the fund," Hutchinson said.
In statements to the media, Hutchinson has also said the decision was brought forward by "a calculated smear campaign" , which was putting unbearable pressure on himself and his family. EISS Super, which failed the Australian Prudential Regulation Authority's (APRA) recent performance test, has come under fire for some of its sponsorship arrangements.
Chief executive officer