A $23 billion superannuation fund has welcomed a new chair as the incumbent moves to a deputy chair position.
VicSuper announced Wayne Kayler-Thomson stepped into the new role, switching roles with Christine Stewart, who has been chair since early 2017.
Kayler-Thomson has served as deputy chair since January 2017 and has been a long-serving director since 2009. He is currently the deputy chancellor of Victoria University and chair of Great Ocean Road Regional Tourism.
Kayler-Thomson commented: "It's an exciting time for VicSuper and I look forward to continuing to work with the board and management at this critical time to shape the future of the fund as we continue to deliver positive outcomes for our members and employers."
Prior to moving into the new deputy chair role and serving as chair for more than two years, Stewart was reappointed to the VicSuper board in July 2014 for a period of five years.
She is currently a member of the VicSuper investment, remuneration and renewal committee.
Chief executive Michael Dundon thanked Stewart for her dedicated contribution to VicSuper as the outgoing chair, and added he looks forward to working with her in the new role.
VicSuper recently announced it entered into the due diligence phase of merger discussions with First State Super.
A successful merger would see the creation of a $120 billion fund serving more than 1.1 million members by 30 June 2020.
The funds expect to make a final decision by the end of the year.