VicSuper has switched the roles of deputy chair Wayne Kayler-Thomson and chairman Christine Stewart.
Chief executive Michael Dundon indicated the new chairman, Mr Kayler-Thomson, has been key to the fund’s potential merger with First State Super.
The two funds are now in a due diligence phase and expect to make a final decision on the consolidation by the end of the year. If it goes ahead, they will be looking to form one of Australia’s largest superannuation and advice businesses in 2020.
Mr Kayler-Thomson has served as deputy chair at the fund since 2017 and has also been a director for 10 years.
“Wayne is committed to continuing to deliver great outcomes for our members and has a key role in leading our ongoing merger discussions with First State Super,” Mr Dundon said.
“We’re pleased to welcome Wayne as our new chair at such a pivotal time for our fund. He’s an accomplished professional with extensive experience and a strong understanding of the fund and the needs of our members and employers.
“I would also like to thank Christine for her dedicated contribution to VicSuper as the outgoing chair, and look forward to working with her in her role as deputy chair.”
The company said Mr Kayler-Thomson has extensive leadership experience in the private and public sectors as a strategic business adviser and not-for-profit board director.
Currently, Mr Kayler-Thomson is also the deputy chancellor of Victoria University and chairman of Great Ocean Road Regional Tourism.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
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