Energy Super’s appointment of three new general managers is part of a restructure to help grow the business with a focus on strategic direction and technology.
Michael Abbott, Phil McCarthy (both formerly of QSuper) and David Beal have been appointed to the newly-created roles at the $6 billion industry super fund.
Abbot has been appointed to the positon of general manager of strategy. His duties include working with the investment team to make sure the super fund has the right investment options and investment structures for members, and developing a plan of action for long-term growth with both the super fund’s memberships (currently 14,000) and funds under management.
“Probably the largest component of fund growth is potentially through some sort of merger or alliance with another superannuation fund. We’d be looking to other funds in the industry, so potentially other energy funds in Australia, or funds outside of that sector that ultimately will give us economies of scale,” Abbott said.
Abbot also saw potential for growth through traditionally aligned employers, and potentially in the emerging renewable energy sector.
McCarthy as general manager of member engagement and development, will focus on operational aspects, such as ensuring the super fund is providing members with the right level of support through the call centre and working to deliver appropriate information to employers.
Meanwhile, general manager of digital transformation and analytics, Beal’s duties will include delivering member-centric business improvement programs and boosting the fund’s digital footprint.
Energy Super chief executive Robyn Petrou said the new roles were introduced as part of its recent internal restructure and would maintain the fund’s commitment to putting its members first.
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“Energy Super’s priority is, and always will be, to protect our members’ best interests, and these new managerial roles will further streamline our existing operations,” she said.
“With almost 70 years’ combined experience across the energy, finance and government sectors – Michael (Abbott), Phil (McCarthy), and David (Beal) bring substantial expertise in member service delivery and communication, technology and strategic growth.
“All three have already immersed themselves in Energy Super’s member-centric operations and we are looking forward to seeing continued growth in each area of the fund.”