LGIAsuper looks to appoint new CEO

LGIAsuper has announced that it is looking to appoint a new CEO, with David Todd, who currently holds the combined role of CEO and chief investment officer, set to focus his attention on the fund's $11 billion investment portfolio.

Todd has been LGIAsuper's CEO since July 2006. Prior to this he was the general manager investments for Reinsurance Australia/Calliden (1994 to 2004), general manager treasury for TNT (1983 to 1994) and held various accounting positions for Total, DuPont and ADC.

LGIAsuper has also announced the promotion of Eleanor Noonan to the role of chief of people and culture.

Commenting on the changes to the leadership team, chair, John Smith, said: "Under David's stewardship, funds under management at LGIAsuper have grown from $3 billion in 2006 to over $11 billion. His leadership helped LGIAsuper emerge from the Global Financial Crisis as one of Australia's best-performing super funds."

"With David focusing on investments, Ms Noonan shaping organisational culture and a new CEO to drive business growth, the Board believes LGIAsuper will be well-positioned to continue providing excellent service and consistent returns to the fund's growing 85,000-strong member base."

Todd will continue in the CEO role until the position is filled, the exact date of this is currently unknown.