By Nick Hedley
legalsuper, an Australian retirement fund focused on the
legal community, has announced the departure of its CEO, Andrew Proebstl.
The fund, which manages A$5 billion (US$3.2 billion) on
behalf of 41,000 members, said in a statement it had engaged global executive
search company Odgers Berndtson to find a replacement. In the meantime, Trevin
Erichsen will serve as interim CEO.
“Proebstl had a lead role in the negotiation and
implementation of seven mergers of other legal sector funds which ultimately
lead to the creation of legalsuper,” the fund said.
Board chair Kirsten Mander said: “Andrew is widely
recognised as an advocate for smaller super funds being able to deliver strong
results to members and provide more personalised and customised products and
services to members.
“Andrew leaves legalsuper in a position of strength, with an
ambitious outlook for the future, where our size has meant we can do things
differently and be responsive to the current and future needs of our members.”
Proebstl, who will leave on 23 November after two decades
with the fund, said: “I’m very proud of the results the fund achieved during my
time as CEO, and I look forward to seeing how the business evolves from here.”