Bruce Watson will resign as CEO of Mine Wealth + Wellbeing, the A$10 billion ($7 billion) Sydney-based superannuation fund for Australian mine workers, over the coming months to pursue other opportunities.
A search is underway to fill the CEO position, and both Mr. Watson and the superannuation fund’s board “are aiming for a smooth transition between CEOs,” said Jennifer McSpadden, head of customer management, in an e-mail.
In the event Mr. Watson finds a new opportunity before a replacement is installed, an interim CEO will be named, Ms. McSpadden said.
Over his 10-year stint at the helm of the superannuation fund, which changed its name at the start of the current quarter from AUSCOAL Super, Mine Wealth + Wellbeing saw its number of participants grow to 74,000 from 51,000, while the value of its investment portfolio rose to A$10 billion from A$3.5 billion.
