Farrar to lead merged Energy and LGIAsuper

Ahead of the completion of its merger, Energy Super and LGIAsuper have named current LGIAsuper chief executive Kate Farrar will lead the joint organisation. The merger is scheduled to complete on 1 July.

"Kate is an exceptional businessperson whose record of achievement at LGIAsuper is outstanding," said LGIAsuper chair John Smith. He says her history of organisational transformation and track record in the super space made her the ideal candidate to lead both funds. "In three years, Kate has improved member outcomes and satisfaction, lowered the fund's cost of providing administration services by 30%, and grown the fund by $2 billion.

"Her history of working in the energy sector also ensures that she understands not only LGIAsuper's members but also the industries in which many of Energy Super's 48,000 members work."

Before joining LGIAsuper in 2018, Farrar was the managing director of Brisbane-based QEnergy. She was also the executive director for RBS Morgans and COO at Ergon Energy.

Farrar says her new role represents an opportunity to build a sustainable boutique super fund. "Both funds have similar and complementary strengths and pride ourselves on being Queensland-centric and delivering personalised service to members in their communities and workplaces.

"Over the coming months, I will be meeting with Energy Super and LGIAsuper members to understand how our combined fund can best deliver for them and help them achieve their retirement goals."

Current Energy Super CEO Robyn Petrou will leave the organisation after more than 12 years.