Spaceship CEO moves into product development role

Millennial-focused super fund Spaceship has announced that founder and chief executive officer Paul Bennetts will move into the newly-created role of chief product officer, as part of a "strategic strengthening" of the fund's management team.

While the search for a new CEO is underway, Spaceship chair Andrew Moore will assume the role of interim CEO.

Commenting on the changes, Moore said: "[Paul] has a unique talent for product development, most recently proven in the launch just one year ago of Spaceship's innovative Voyager investment platform. We want to harness Paul's flair for product development, ensuring he can focus his energy on giving the market what it wants. That will allow us to attract an experienced CEO to join the business, who can lead the Spaceship team and concentrate on accelerating our rapid growth."

Bennetts added: "Product development is my passion, and I firmly believe Spaceship has the capability and drive to continue developing a unique product offering, particularly for younger Australians who are not adequately serviced by the established players."