Scott Hartley, CEO of Sunsuper, a A$66 billion ($45.9 billion) Brisbane-based superannuation fund, will step down to pursue other opportunities.
In an interview Monday, Mr. Hartley said he'll be leaving after roughly six years in a job where five years is a good timespan for setting and achieving goals while beyond seven years one is likely to be "wearing out your welcome."
A Sunsuper news release Friday noted that the super fund has grown from managing A$25 billion for a million members when Mr. Hartley took the helm in January 2014 to A$66 billion for 1.4 million members today.
The news release said Mr. Hartley will stay on while the fund board searches for a replacement.
Sunsuper has tapped Egon Zehnder, the executive recruitment firm, to lead the selection process, the announcement said.
Mr. Hartley said he'll be looking for new opportunities, whether in Australia or overseas, where he can apply his leadership experience to help organizations achieve their full potential.