Sunsuper’s chief executive, Scott Hartley, has announced he will depart the super fund following the appointment of a successor, as he was looking for a new challenge following leading the fund’s immense growth over the last five years.
Hartley said the decision to leave had been “agonising”, but that the time was right for both him and Sunsuper. Since he took on the role in late 2013, the fund had grown from a $25 billion fund with one million members to having over $66 billion in funds under management (FUM) and 1.4 million members.
Sunsuper’s chair, Andrew Fraser, delivered glowing praise for Hartley’s reign: “Scott and I have recently been discussing his plans and I know he has wrestled with this decision, but having achieved his ambitions for Sunsuper, I do understand his eagerness to take on a new challenge.”
“Whoever secures his services will be the beneficiary of one of Australia’s most capable chief executives,” he added.
“I’m pleased he will be staying on as CEO as we undertake a selection process to support a smooth transition. Scott’s commitment to continuing to serve will support the organisation into its next phase of success.”
Egon Zehnder would lead the selection process for Hartley’s replacement.