The chairman of building and construction industry super fund BUSSQ has stepped down after 27 years of chairing its trustee board.
BUSSQ chairman Bob Lette has served on the board from the fund’s inception in 1984 and he has been “crucial” in growing the $4.5 billion fund, said chief executive Linda Vickers in a statement.
“Under his stewardship we’ve dared to be different and it has paid off,” Ms Vickers said.
“As chairman, Bob’s strong focus on delivering outcomes for the fund’s 85,000 members and 14,000 employers has resonated throughout the organisation, and will leave a lasting legacy.
“We thank him for his contribution and guidance and the forward thinking the board has provided under his leadership, that has allowed the fund to keep on the front foot during decades of legislative change within the superannuation sector.”
Mr Lette has also been associated with Master Builders Queensland since 1971 and also spent over three decades advising on banking and finance law as a solicitor and partner in law firms.
He also currently holds chairman positions at wholesale investment fund The Infrastructure Fund.
The incoming chairman will be named at the next board meeting in December, with Mr Lette to step down on 31 December this year.
Commenting on his own departure, Mr Lette said he was “extremely proud” of his association with the industry fund.
“The focus of the fund is on delivering better outcomes for our members and it’s been an honour to contribute to this over so many years,” he said.