Hostplus has appointed Damien Frawley as independent chair, replacing David Elmslie who has reached the end of his term after 15 years.
Frawley said it was a great honour to be selected as chair and extended his appreciation to the board for the privilege.
“Hostplus is responsible for the retirement savings of more than 1.5 million members which brings with it enormous responsibility,” he said.
“I am committed to ensuring that Hostplus’ focus on delivering superior member outcomes in their best financial interest, which has underpinned the Fund’s 35-year history, continues to guide the board’s actions and decisions.”
Hostplus co-deputy chairs, Tim Lyons and Craig Laundy, said the fund was delighted by Frawley’s appointment and that it would add incredible depth and breadth of experience to the board.
Laundy said: “Damien will no doubt bring valuable perspectives to the Hostplus board especially in relation to investments and effectively managing growth in an increasingly competitive marketplace. His depth and breadth of experience across financial, government and not for profit sectors will serve our members very well.”
Hostplus chief executive, David Elia also welcomed the appointment and took the opportunity to pay tribute to Elmslie’s leadership over the last 15 years.
“I am delighted to welcome Damien to Hostplus. His rich experience will be a huge asset as we continue to focus on making a genuine difference to the financial futures of our members. I’m excited by his addition to an already impressive Board of Directors,” Elia said
“I’d also like to pay tribute to the outgoing chairman David Elmslie who has made an enormous contribution to Hostplus. Throughout his time, he has diligently and faithfully served the Hostplus board, the fund, and the interests of all contributing employers and members.
“To have had David advocating for both our members and our employers and leading our Fund from strength to strength for so many years, has been truly invaluable.”