Wendy Norris will join forestry and timber company OneFortyOne as CEO in mid-June, having left her role as deputy CIO for change and innovation at Future Fund, Melbourne.
Ms. Norris will replace Peter Brydon, who has been interim CEO since October.
Ms. Norris has been with the A$250 billion ($167.7 billion) Australian sovereign wealth fund since 2010, and was the head of infrastructure and timberland for eight years before being promoted to deputy CIO of private markets in 2018.
She was part of the Future Fund team that helped to establish OneFortyOne through investments in forest estates and timber manufacturing businesses in Australia and New Zealand, a OneFortyOne statement said. She has also served on the board of the company.
Ms. Norris was made deputy CIO for change and innovation at the Future Fund in June last year as part of a restructure following the departure of CIO Sue Brake.
"Wendy has made a tremendous contribution to the Future Fund and leaves our organization as a highly respected investment leader. Taking on a CEO position is a natural next step in her career after 13 years of dedicated service at the agency and we wish Wendy every success in her new role," a Future Fund spokesman said.
"Wendy's team will report to the CEO and acting CIO, Raphael Arndt, and the DCIO change and innovation role will be assessed once a new permanent CIO is in place," he added.
OneFortyOne did not respond to a request for further comment.