Future Fund Board of Guardians chair David Gonski expressed his thanks to Mr Burgess for his role in guiding the agency and the support provided to the board during his time with the fund.
“Mark has played an important role in leading the agency through its next stage of development and in the implementation of a number of important initiatives,” Mr Gonski stated.
“I respect Mark’s decision to return to the private sector at this time and we look forward to announcing a replacement to his position as the fund enters the next phase of its development.”
Mr Burgess said, with recent strong performance and the fund now fully invested, “I have decided to return to the private sector to bring my experience to that field”.
Mr Burgess joined the agency in 2011, and during his tenure, the fund has grown from $75 billion to over $89 billion, as outlined in its portfolio update this week, with total assets managed by the agency exceeding $100 billion.
Mr Burgess will remain in his role to facilitate a smooth transition to the new leadership of the agency, the Future Fund stated.
