(August 2, 2013) – Tony Lally, the Sunsuper chief executive, has decided to step down from his position after six years of service.
Lally is believed to want to pursue a career as non-executive director. Bruce Wilson, the current chief financial officer, has been appointed interim chief executive until a replacement is announced.
“We will be looking for a new chief executive internally and externally, but we aren’t in a great rush. We want to make sure that we appoint another great CEO,” Sunsuper Chairman Graham Heilbronn told Financial Standard.
Heilbronn added that Lally’s departure had not been a surprise for executives at the super, and that he understood why Lally wanted to move on.
Lally started his tenure as Sunsuper chief executive in April 2007, and has overseen funds under management growing from A$11 billion to A$24 billion today.
Sunsuper was also named Super Fund of the Year in 2012 and 2013, and Pension of the Year in 2009, 2010, and 2011 by SuperRatings and Money magazine under Lally’s reign.
A keen cyclist, having represented Australia in the 1980 Moscow Olympics, Lally will continue to support Sunsuper through fulfilling key roles at the Sydney and Perth Ride to Conquer Cancer events, according to SuperReview.
Related Content: To Outsource, or Not to Outsource – That is the Australian Question and Super Year for Super Funds