The Australian Retirement Trust (ART) Board has today announced that Bernard Reilly has informed them of his intention to leave the Fund in February 2024, two years after executing Australia’s largest superannuation merger.
Australian Retirement Trust’s Chair Andrew Fraser thanked Mr Reilly for his leadership and paid tribute to the organisational culture he will leave behind.
“Bern will leave an incredible legacy, having played an integral role in delivering Australia’s largest superannuation merger to create Australian Retirement Trust back in February 2022,” said Mr Fraser.
“Bern has expertly guided Australian Retirement Trust to deliver merger benefits to our more than 2.3 million members and grow funds under administration to more than $260b. But I think the thing Bern should be proudest of, and a true testament to his leadership capabilities, is the culture he has helped grow across our organisation.”
Outgoing ART CEO Bernard Reilly said he will forever be honoured to have been ART’s inaugural CEO.
“This has been an enormous decision for my family and me, but I know that I am stepping away at the right time for Australian Retirement Trust,” said Mr Reilly.
“I will leave behind a highly experienced and talented executive team who at the core have a commitment to serve Australian Retirement Trust’s more than 2.3 million members.
“This is an exciting time, as Australian Retirement Trust enters its next chapter as one of Australia's leading superannuation funds, I’m excited to continue watching the Fund grow as one of its members.”
ART has appointed Egon Zehnder to commence a global executive search for a new CEO. Mr Reilly will remain as the Fund’s CEO until February 2024, marking two years since the merger.