Industry fund LGIAsuper has appointed former McKinsey & Company senior implementation leader Kate Farrar as its new chief executive.
According to an announcement by LGIAsuper, Ms Farrar stepped into the role on Monday and brings with her more than two decades’ leadership experience.
Prior to her position at McKinsey & Company where she worked with clients to execute strategic, operational and organisational changes, she was the managing director of electricity retailer QEnergy for six and a half years.
Before that, she was executive director at RBS Morgans Limited, following nearly eight years at Ergon Energy as chief operating officer.
LGIAsuper chair John Smith said in the statement that the appointment of Ms Farrar ended an “extensive executive search”.
“With Kate leading the next stage of our growth, we expect to see a continued focus on innovation, while maintaining our commitment to improving the lives of our members in retirement,” Mr Smith said.
Former chief executive David Todd stepped down November last year and will move into the chief operating officer role.
“David joined LGIAsuper as CIO in 2005, taking on the CEO role as well a year later,” commented Mr Smith.
“David steered the fund through the GFC, oversaw the successful merger with City Super and was instrumental to our transition to a public offer fund in 2017.”