Independent chair named for Local Government Super
The board of Local Government Super (LGS) has named its first independent chairperson, Kyle Loades, along with an independent director, Sandi Orleow.
In a statement, LGS said the appointments enhance the diversity of experiences for the board and will help provide fresh perspective and direction for the organisation.
Loades has leadership and digital transformation experience from his past in organisations including NRMA, Credit Union Australia as well as roles with community organisations.
Said Loades of the appointment, “I’m honoured to be appointed LGS’ first independent Chair, and to work with a Board and a leadership team who are committed to delivering great member outcomes.”
Member outcomes will be the key focus for Loades and the new board. “Achieving the best possible retirement outcomes for members will continue to be the focus of the current and future Board and leadership teams,” said Loades.
Outgoing chairperson Bruce Miller will remain on the board as deputy chair.
The change comes after the $12 billion superannuation fund amended its constitution in June in response to meeting APRA’s expectations.
The fund is still without a permanent CEO following the resignation of David Smith in January. Donna Heffernan has been in an acting capacity since January.
Local Government Super is one of a handful of funds who have made commitment to being fully ethical in their investing decisions.