David Atkin, the CEO of Cbus Super — the A$56.5 billion ($39 billion) superannuation fund for workers in Australia's construction industry — plans to leave the fund in mid-2020 after more than 12 years at its helm, according to a Cbus announcement Wednesday.
An executive search firm will be hired to conduct a global search, with the goal of identifying a replacement for Mr. Atkin by mid-2020, a spokesman for the Melbourne-based fund said. Mr. Atkin will remain at Cbus until his successor is in place, he added.
A Cbus news release said Mr. Atkin, 56, will look "to explore other opportunities." The fund spokesman said there were no other details to offer regarding Mr. Atkin's plans.
Mr. Atkin couldn't immediately be reached for comment.