09 May 2017
The UniSuper Board has announced the retirement of Chairman Chris Cuffe at the end of his term, effective 30 June 2017. He has served as a Director of the $60 billion profit-for-member superannuation fund for over 10 years, with the last 6 years as Chairman.
The Board has appointed Ian Martin, who is currently a UniSuper director, as Chris’ successor.
“Chris has guided the Board through a transformative time within the business and we have benefitted enormously from his wealth of experience, insight and leadership. There has been extensive change within our fund and the broader industry over the last decade and we are in a much stronger position today due to Chris’ guidance and oversight,” said Kevin O’Sullivan, UniSuper’s Chief Executive Officer (CEO).
“My time at UniSuper has been dynamic and very fulfilling, and I wish the Board and executive team continued success in the future. I know that under Ian’s and Kevin’s leadership, the fund will continue to deliver strong performance, excellent service and ultimately better retirement outcomes for its members,” said Chris.
Chris will remain on the UniSuper Investment Committee as a non-director member.
Ian Martin joined the UniSuper Board as an Independent Director in April 2013. He was formerly CEO of BT Financial Group and Global Head of Investment Management of Bankers Trust Corporation, and is Chairman of Argo Investments Limited, Argo Global Listed Infrastructure Limited, and Vice Chairman, Asia Pacific of Berkshire Capital. He is also Chairman of the Wayside Chapel Foundation.
“I am very much looking forward to the opportunity to Chair the UniSuper Board and am honoured to be appointed to the role. I wish Chris continued success and extend my appreciation on behalf of the Board for his support and guidance during his term,” said Ian.
The Board also announced the appointment of new Independent Director, Mark Armour, effective 1 July. Mark brings with him a wealth of relevant experience. His appointment follows a distinguished executive career in funds management and financial services, both globally and in Australia, including as head of the European business of Invesco, CEO of Invesco Australia and CEO of Funds Management at AXA Australia.
“We welcome Mark to the Board and have no doubt he will bring a valuable global perspective to our discussions. Given Mark’s extensive experience and high regard within the industry, the Board unanimously supported his appointment as a Director and looks forward to the different perspectives he will bring to the Board,” said Chris.