HESTA appoints former Federal Health Minister as Chair

HESTA has announced that the Hon. Nicola Roxon will become its new independent chair when Angela Emslie steps down from the role at the end of her term on 31 December 2018.

In welcoming Roxon, the HESTA Board acknowledged "the unique insights, skills and experience" and the "deep understanding of the health and community services sector" that she would bring to the $46 billion fund.

Roxon is currently chair of Bupa Australia and New Zealand, and the Cancer Council Australia, and is a director on the boards of Dexus and Lifestyle Communities.

She is also chair of the Accounting Professional and Ethical Standards Board and an Adjunct Professor within the College of Law and Justice at Victoria University, but will be stepping down from both these roles to focus on the HESTA chair position, the fund said.

In 2003, Roxon was the first woman in Australia to be appointed Attorney General and as Federal Health Minister she was responsible for the introduction of world-first plain packaging for tobacco products.

HESTA CEO, Debby Blakey, said of her appointment: "We are delighted to welcome Nicola to HESTA. Her rich experience in health and governance will be a huge asset as we continue to focus on being leaders in the superannuation sector and making a real difference to the financial future of our members."

In paying tribute to the contribution of Angla Emslie, who has been a director of HESTA for over 20 years and chair since 2010, Blakey added: "A true pioneer in responsible investment, Angela has been an inspiring leader and influential advocate for members and the industry fund sector. Angela's also been an incredible support and mentor to so many in the industry, including me, for which I am enormously grateful."