REI Super’s Chairperson Claire Higgins announced today that long-serving CEO of REI Super, Mal Smith, will be stepping down from the role later in 2019. She said that Smith has elected not to pursue another contract renewal with the Fund, as he would like to explore new professional opportunities.
“Mal has been the driving force behind REI Super’s growth and stability for the last 15 years and has successfully steered the Fund through countless changes and challenges in the superannuation industry and the broader economic environment,” said Higgins.
“The success and strength of the Fund is testament to Mal’s skill and commitment. On behalf of the Board, staff and members, I extend our appreciation and thanks to Mal for his professionalism, leadership and depth of knowledge that he has dedicated to improving the retirement outcome of our members.”
Smith thanked the REI Super Board, Trustee staff and service providers and the Fund’s members and employers for their support.
“I’ve really loved this role and I’ve been energised and supported by the team around me and by our members and employers. Our members have a real passion for the real estate industry, which is inspiring,” said Smith.
“I am immensely grateful to everyone involved with the Fund, and it has been a difficult decision to relinquish the role, but I feel it’s time for me to embark on some new challenges,” he said.
Smith confirmed that his date of departure is flexible, and based on the timing of the Fund appointing a suitable replacement.