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Local Government Super appoints Independent Chair and Independent Director

28 October 2019

LGS has announced the appointment of its first independent Chair, Kyle Loades, and independent Director, Sandi Orleow to the Board.

 
The Chair and Independent Director are two of three independent non-executive directors to join the Board. They supplement the experience of existing directors who have built a strong understanding of members’ needs over many years.

The appointments also strengthen the Board’s skills in targeted areas and increase the diversity of experience as LGS positions itself for future growth and to enhance member value. The newly appointed Chair will provide strategic direction to help the Fund to better serve the current and future needs of our members. LGS has historically delivered long-term value, consistent financial outcomes for members, while doing so, is mindful of implementing sustainability considerations in all its investment decisions.

The outgoing Chair, Bruce Miller remains on the Board as a Deputy Chair.
Mr Miller, said: “The Board welcomes Kyle Loades as the first independent Chair. He brings a track record of leadership, member-focussed transformation and digital client service gained from Board experience with organisations such as the NRMA, Credit Union Australia, roles with community organisations and as a founder of an innovative business. His focus on member-based organisations and innovation will be an asset to the LGS Board as we work to deliver the best possible retirement outcomes for our members.

“Kyle will be joined by Sandi Orleow, LGS’ first female Independent Director. Sandi has extensive board experience in the local and global financial services sector, with a particular focus on superannuation, investment management and consulting. Her in-depth financial services expertise will make her a great asset to the Board. She is a strong advocate for innovation and growth strategies to allow these to be considered and successfully integrated in traditional businesses for the benefit of members.”

LGS incoming Chair, Kyle Loades, said: “LGS has an enviable investment track record, and is consistently recognised as a global leader for its long-term commitment to responsible and sustainable investing. I’m honoured to be appointed LGS’ first independent Chair, and to work with a Board and a leadership team who are committed to delivering great member outcomes.

“Achieving the best possible retirement outcomes for members will continue to be the focus of the current and future Board and leadership teams. At the same time, the Board sees opportunity to enhance member value in the future. In line with APRA’s expectations and support, this will be an active consideration for the Board and the leadership team.
“With a solid base of existing members and a singular focus on member benefit, LGS has an opportunity to grow as we enhance member value and continue to help members have a
better retirement thanks to long-term sustainable returns. I look forward to leading the Board and working with the executive team to serve members well now and in future.”

LGS Acting Chief Executive Officer, Donna Heffernan said: “The leadership team is excited to have the benefit of Kyle and Sandi’s in-depth experience from other member-focused organisations. Kyle has worked closely with executive teams of prominent and well-respected member-based organisations to significantly enhance member value. Similarly, Sandi has held various director and investment committee roles at relevant member-based and investment-focused organisations such as CFA Societies Australia, Statewide Super as well as Women in Super that we expect will benefit our Board, investments, and our members.”

“We look forward to leveraging Kyle and Sandi’s board and executive experience and expertise for the benefit of our members.”

Kyle and Sandi commenced their roles on 22 October 2019.

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