Media Super CEO steps down

Media Super’s chief executive officer (CEO), Graeme Russell, will step down from his role on 9 April, 2020, after seven years at the helm.

The industry superannuation fund said Russell would continue as a strategic adviser until his retirement on 1 July, 2020.

It said Russell and the board had agreed to a transitional arrangement to help Russell focus on recovery after a recent serious illness.

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His position would be filled by chief operation officer, Tony Griffin, who was acting CEO while Russell took time off last year for his illness.

Russell said it had been a great privilege to be CEO of the fund.

"I think it's disappointing that government and the regulators don't understand the important contribution that industry-specific super funds make to their industries, beyond superannuation", he said. 

"We're about to see that clearly, as funds like Media Super step-up to support members and companies struggling through the current economic dislocation and job losses.”

Media Super chairperson, Gerard Noonan said Russell’s work was a driving force behind the fund’s “spectacular reversal of investment performance in recent years”.

"With Media Super's small investment team and supported by our Board, Graeme has been instrumental in single-mindedly recommending strategies - and executing them - to push our performance into the winner's circle," Noonan said.

"Graeme is now well into recovery but has decided to ease back on work commitments."

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