Janet Torney resigned as CEO of the A$6 billion (US$6.37 billion) Qantas Superannuation Ltd., Sydney.
Ms. Torney, CEO of the fund since August 2007, left on Aug. 26. She will be replaced on an interim basis by Andrew Spence, the fund’s chief investment officer.
“Janet decided it was time to move on to the next stage of her career,” said Anne Ward, Qantas Superannuation’s chairman.
“The CEO we will be looking for will have knowledge about technical and practical knowledge of superannuation, preferably with defined benefit experience. The successful candidate will have the necessary communication and leadership skills,” Ms. Ward said.
Ms. Torney said she wants to spend more time contemplating what she will do next.
“I absolutely love the industry,” she said, adding she is proud of her achievements at Qantas Super.
Qantas Superannuation’s default fund had a 10.2% return for the year to June 2011, and 8.8% in the year to June 2010, she said.
Brett Cole and Simon Mumme write for I&T News, Sydney.