CEO of Sunsuper steps down

Tony Lally has stepped down from his position as CEO of Sunsuper after six years at the helm.

He plans to pursue a career as a non-executive director.

Under Lally’s tenure, Sunsuper’s funds under management jumped to AUD$24 billion ($22.1 billion) from AUD$11 billion.

The organization’s chief financial officer, Bruce Wilson, has been appointed as the interim CEO until a replacement is appointed. Lally will work with him for a transition of the business.

Sunsuper is one of Australia’s largest superannuation funds.

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