Another C-suite member leaves Rest

The super fund has seen another C-suite executive depart this week, following the chief financial officer's exit in August.

Rest chief strategy and corporate affairs officer Tyrone O'Neill has finished up at Rest after more than seven years. He joined the super fund in 2019 as group executive of member engagement before being promoted to his latest role in March 2023.

In response, Rest told Financial Standard it has brought together the role of finance and investment operations, and most strategy and corporate affairs functions together under the new chief commercial officer role. The inaugural appointment was announced in July.

Rest chief executive Vicki Doyle thanked O'Neill for his contributions.

"We are deeply grateful to Tyrone for his significant contributions to Rest and to our members," she said.

"Over seven years at Rest, Tyrone has made a substantial contribution across member engagement and strategy and corporate affairs, where his thoughtful leadership and strategic council has been highly impactful."

Sharing his departure on LinkedIn, O'Neill said he'd spent an incredible period at the super fund, which had been a highlight of his career.

"To begin with I'd like to express my enormous thanks to chief executive Vicki Doyle, who brought me into Rest. Vicki is an exceptional leader and chief executive, with a rare balance of member-centricity, performance focus, and a genuine, humanistic style," O'Neill said.

"I'd like to thank the members of Rest's executive team and board over my tenure, from whom I have learnt a great deal. I'd also like to express my warm thanks to the amazing people at Rest I have had the opportunity to work with, both those within teams I've led as well as others across the organisation. Rest has a special culture and a wonderful team.

"I am delighted to have been able to apply the skills I developed through my earlier career in such a purpose-driven organisation."

Simultaneously, O'Neill stepped away from his capacity as non-executive director at the Investor Group on Climate Change. He noted he will be taking some time off in the coming months and intends to return to the workforce in the first half of next year.

The news comes after Scott Tully, former general manager, product, bowed out of the organisation after nearly four years last month.

In August, former chief financial officer John O'Sullivan left the fund to take on the role of head of financial and tax and deputy chief financial officer role at HESTA, while Sarah O'Brien, the former head of regulatory, joined ASFA as chief practice officer.

Financial Standard understands O'Neill's departure is part of a broader executive team restructuring currently underway and there may be further departures in the coming months.