15 February 2021
UniSuper, the $90b fund for the higher education and research sector, today announced that its Chief Executive, Kevin O’Sullivan will be stepping down later in the year, having served 8 years in the role.
In making the announcement, UniSuper’s Chair, Ian Martin, commented: “Kevin has led UniSuper with distinction over the last 8 years and the Board sincerely thanks him for his leadership, contribution and commitment over that period.
“Under Kevin’s leadership, UniSuper has consistently been recognised as one of Australia’s leading superannuation funds, ranked amongst the top five funds for investment performance, member satisfaction and advice services.
“Kevin is highly respected by UniSuper’s employees, members and university employers as well as by so many people in the superannuation sector. He has consistently “walked the talk” when it comes to putting Members’ interests first. His contribution to both to the superannuation sector and to UniSuper’s success was appropriately recognised by the Fund Executives’ Association last November, when he was named FEAL Fund Executive of the Year 2020.”
For his part, Kevin O’Sullivan said: “I have enjoyed incredibly my time at UniSuper. It’s been a real honour to lead this wonderful organisation and I’m very proud of the many successes achieved over that period, none more so than the way UniSuper navigated the COVID-19 environment in 2020.
“However, after almost 40 years in the work force and a very intense last 8 years, I’m looking forward to stepping back and adding more flexibility to my life, including spending more time with my wife.”
UniSuper has appointed global executive search firm, Egon Zehnder, to assist with the appointment of a successor to Mr O’Sullivan. Mr O’Sullivan will stay on until a successor commences.
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UniSuper is one of Australia’s largest superannuation funds, and is run solely for the benefit of its members. For more than 35 years, UniSuper has been managing super for people employed in the higher education and research sector. UniSuper currently invests around $95 billion on behalf of approximately 450,000 members.