An executive restructure within big retailing industry superannuation fund, REST has resulted in the exit of five senior fund executives.
The superannuation fund’s staff were informed this week of a restructure resulting in the departures of Chief Financial Officer, Chris Stevens, General Counsel and Company Secretary, Paul Howard, General Manager, Transformation and Technology, Sandra Coleman, General Manager, Customer Service, Beth Parkin and General Manager, Strategic Relations, Craig Hobart.
The restructure comes less than 12 months after the appointment of Vicki Doyle as chief executive effective from May, this year and leaves General Manager, People and Culture, Trevor Evans and General Manager, Investments, Brendan Casey, remaining on the executive team.
Super Review has sought a formal statement from REST on the issue.
Doyle was formerly director of Superannuation, Retirement and Investments at AMP.
The fund has announced three executive-level appointments, including a new chief investment officer.
The super fund has tapped a former Vanguard and Plato Investment Management executive to lead its fixed interest team.
The firm has grown its wealth management team with an experienced distribution specialist.
The $36 billion fund has announced the appointment of an experienced public sector executive leader.
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