Long-serving director departs Prime Super

$3.5 billion fund, Prime Super has confirmed to Industry Moves the departure of long-serving independent director, Trevor Dixon, effective June 2017.

Dixon was first appointed to the Prime Super board in April 2004 following the fund's merger with the Australian Hardware and Timber Industries Superannuation (AHTIS) Plan.

During his term with Prime Super, Dixon was both the deputy chair of the fund, from 28 August 2013 until his departure, and the chair of its investment committee.

His successor is former Commonwealth Bank Group Super chief investment officer, Gerard Parlevliet, effective 22 July 2017.

Commenting on Dixon's departure, Prime Super chief executive officer, Lachlan Baird, said: "Trevor was comfortable with stepping down from the Board on the appointment of Gerard Parlevliet given the investment and broad superannuation expertise Gerard would bring."

He added: "Trevor oversaw improvements in the Funds investment performance to be now delivering top quartile investment returns over one, three, five and seven years, and so leaves a strong legacy."