Catholic Super announces new executive structure

Catholic Super announced a new leadership structure today, and CEO Frank Pegan will be leaving the fund.

Catholic Super Board Chair Danny Casey said that Mr Pegan had overseen a period of extraordinary growth at the fund, delivering strong and consistent investment performance for Catholic Super members.

The new leadership team has been established to drive Catholic Super forward while an international search for a new CEO is underway.

Under the new leadership structure, David O’Sullivan, Chief Risk Officer, will be Acting CEO and will lead the executive team.

The industry superannuation fund, which has $9.4 billion under management, embarked on a plan to review and reset its priorities in late 2017.

Board Chair Danny Casey said the new leadership team would deliver on the Board’s strategic priorities, which include maintaining the focus on outstanding service and returns to members and enhancing the Fund’s governance framework.

“The Board is confident the new team will continue to deliver the very strong financial performance members expect, while sharpening our focus on all aspects of governance,” Mr Casey said. 

“It’s a time of change on many levels for Catholic Super.  We are grateful for all that Mr Pegan has achieved, for the many members he has helped and for the extraordinary legacy he leaves at Catholic Super.”