Former chief executive Bill McMillin is due to return to TWUSUPER after the current chief executive, Paul Sayer, resigned from the position after less than a year in the role.
Sayer was the fourth chief executive at TWU Super in the space of two years, starting the role in late 2014. Debora Jackson, who took over from Bill McMillin in January 2013, left the fund towards the end of 2013 for personal reasons and was replaced by Frank Sandy as acting chief executive officer.
Chair of TWUSUPER, David Galbally, said with the fund’s head office based in Melbourne and Sayer’s family and interests outside of work based in Sydney, the demands of commuting, along with the travel involved in the role, had proved difficult.
“The board thanks Paul for his service and wishes him well in the future,” Galbally said.
Galbally also advised that former chief executive, Bill McMillin, will return to the role.
“The board is pleased that Bill, who has been assisting myself and the board in a consulting capacity, has agreed to return to the role of CEO in a full-time capacity.”