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Cbus announces board changes

By Reporter
3 minute read

The super fund has confirmed replacements for two of its retiring board directors.

Cbus Super has confirmed the two directors who will join the industry super fund’s board following the retirement of Anne Donnellan and Frank O’Grady.

Ms Donnellan will be replaced by AMWU National Legal Coordinator Abha Devasia and retiring CFMMEU national construction secretary Dave Noonan will replace Mr O’Grady.

In a statement, Cbus chair Wayne Swan thanked Ms Donnellan and Mr O’Grady for their years of service and dedication to the super fund. He said that the pair had been “exceptional advocates” for the best interests of Cbus members for almost 20 years combined.

“As part of the original 1984 campaign that won superannuation for building workers and created the fund, Frank has helped guide the member first focus of not just Cbus, but industry funds in general,” said Mr Swan.

“Anne has been a fearless advocate for members in her time as a director and alternate director … Her knowledge and experience of blue-collar members outside of the construction industry enabled her to make a valuable contribution to the board.”

According to Mr Swan, the appointments of Ms Devasia and Mr Noonan will bring experience and fresh skills to the board. The Cbus chair said that he was excited to see Ms Devasia bring her passion for supporting migrant workers and culturally diverse communities to the super sector.

“Abha shares Anne’s passion and commitment for member outcomes and has a deep understanding of the issues workers face across blue-collar industries,” Mr Swan said.

“She has a keen interest in governance through her work at the AMWU, her experience from service on government and NGO boards, and her insights and approach will provide value to the fund.”

Ms Devasia will commence her term on the board in January next year.

Meanwhile, Mr Swan said that Cbus was pleased to welcome back Mr Noonan to its board, who he described as one of Australia’s most accomplished super fund trustees.

“Dave has served as deputy chair of the fund and has a keen understanding of the fund’s operation and the outcomes it delivers for members. His expert contribution on our investment committee has long been valued by our investment leaders,” he said.

“Most importantly, Dave takes the obligation for directors to question and provide challenge seriously.”

Mr Noonan will rejoin the Cbus board in April next year.