Industry superannuation fund CareSuper’s deputy chair Terence Wetherall has stepped up to the position of chair, with board director Julie Bignell taking his place.
According to a statement by CareSuper, Mr Wetherall will take up the mantle of outgoing chair Cate Wood as she steps down from her position.
Mr Wetherall, who joined the board three years ago and became deputy chair in 2017, has experience serving on the boards of other companies such as the New South Wales Business Chambers as well as TCW Consulting.
He has also been the president of the Wollongong Chamber of Commerce as well as the Illawara Business Chamber.
Ms Bignell was appointed a director of the industry fund in 2018 and currently serves on the board of the Australian Council of Superannuation Investors and Austin Health.
She is also a former branch secretary of the Central and Southern Queensland Branch of the Australian Services Union.
The statement from CareSuper noted Ms Wood’s time serving on its board.
“Our thanks are extended to outgoing chair Cate Wood who will continue to serve on the CareSuper board for the remainder of her directorship term.
“Cate has made an outstanding contribution to CareSuper throughout her tenure as director and particularly as chair,” it said.
She led a number of initiatives to strengthen the super fund’s governance practices and additionally strove to increase outcomes for super members outside of the board, which saw her named Australian Institute of Superannuation Trustee of the Year in 2017, according to the statement.
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