Christian Super has announced the immediate departure of chief executive Peter Murphy, with the fund’s board preparing to search for a replacement.
Mr Murphy began in the role almost a decade ago, and Christian Super chair Neville Cox thanked him for his “longstanding and faithful” service in the role.
“Under Peter’s leadership, Christian Super grew from $400 million to $1.2 billion, and has consistently experienced first quartile membership growth,” Mr Cox said.
“Peter has also built around him a highly skilled and professional staff team to deliver quality service to our members.”
There is presently no replacement for Mr Murphy, with the current executive team managing “day-to-day responsibilities” until the board is able to find a new chief executive.
A spokesperson for Christian Super said the fund hopes to appoint a new chief executive as soon as possible, and expects to have found an appropriate replacement by July or August.
The board said it supported the funds current direction “as it seeks to continue serving its members”.