MTAA Super CEO Michael Delaney will resign from his role in November as part of a board restructuring, Financial Standard reports. The replacement for Delaney, who has been responsible for MTAA since its inception in 1989, will be appointed later in the year. Separately, the fund’s long-serving directors Bob Allen and Mark Perica will also step down from their roles in November. The fund is planning to scrap its current structure of four employer-nominated representatives, four member-nominated representatives and one independent chairman.
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