Mr Dransfield is currently a non-executive director of the Australian Financial Complaints Authority (AFCA) and Hollard Insurance and was formerly the chief executive of Insurance Australia for the Suncorp group.
He also served as a board member and chair of the Insurance Council of Australia and New Zealand.
"We are very pleased to have secured someone from outside the superannuation industry who will provide impartial leadership of the diverse board," said chair of the ASFA board nominations committee, Chris Davies, said.
“He is equipped with deep functional expertise in marketing, sales, distribution, corporate/government affairs, product manufacturing, operations and IT which will position him well as the superannuation industry navigates substantial changes to the global economy, industry consolidation, community expectations, regulatory frameworks and the associated complexity.”
Mr Dransfield will replace current ASFA independent chair Michael Easson who will retire from 22 February 2022.
Mr Davies thanked Mr Easson for his efforts over the past six years.
“He has made a valuable contribution during a period of significant legislative and regulatory change for the industry – providing leadership and guidance in dealing with a range of complex issues, including ensuring the voices of consumers and the broader ASFA membership are heard,” he said.
“We wish him well for his future endeavours.”