QSuper CEO Rosemary Vilgan announces resignation

Wednesday, 8 July 2015

QSuper Chief Executive Officer Rosemary Vilgan has announced she will resign from the Group after 27 years, including 18 years at the helm.

QSuper will commence a formal search for the company’s next Chief Executive Officer after Ms Vilgan advised the Board she will leave the Group on 23 October 2015.

Ms Vilgan said while there was never a good time to leave, QSuper is in a strong and formidable position with high employee engagement and it is time to pursue other interests. 

Ms Vilgan said she was immensely proud to lead QSuper over the past 18 years, and to help transform the Group to become the trusted financial partner of its members.

“Members are at the heart of everything we do, and I’m very grateful to have been involved in such a fantastic organisation for over 27 years,” Ms Vilgan said.

“We’ve been working towards offering members more than superannuation, we are a trusted financial partner and I am very proud of that.

“The decision to leave the Group hasn’t been easy, nor is it one that I have made lightly, but I believe now is the time to move on and allow a new CEO to take QSuper to the next stage.”

QSuper chairman Karl Morris thanked Ms Vilgan for her outstanding work and paid tribute to her success.

“Rosemary has made an immense contribution to QSuper and the superannuation industry, and is held in high esteem by the Board, the executive, Group employees and the business community,” Mr Morris said.

“The continued growth and success of the QSuper Group would not have been possible without Rosemary’s vision, commitment and leadership.

“I would like to express my personal gratitude and the gratitude of the Board to Rosemary for her significant efforts over the last 27 years.”

Mr Morris said key highlights of Ms Vilgan’s tenure included:

  • the development of QSuper and merger of many government funds
  • delivering equitable superannuation for all public sector employees in Queensland
  • successfully transitioning to an integrated financial services entity in the midst of the Global Financial Crisis in 2008 and building internal investment capability
  • the voluntary adoption of Federal regulation in 2009
  • being awarded Telstra Australian Business Woman of the Year in 2013
  • moving the Fund to a goal of meeting individual member outcomes, in particular with the creation of QSuper Lifetime in 2013 and just last month, Money Map and Online Advice.
  • overseeing growth in member accounts from around $13 billion to $90 billion.

Over the next three months, Ms Vilgan will work with the Board and the Executive team to support the Group during the transition, Mr Morris said.

“The QSuper Board and Rosemary are very committed to the continued success of the Fund. We wish her all the very best for her future endeavours,” Mr Morris said.

QSuper is the superannuation fund for current and former Queensland Government employees and their spouses. QSuper is one of Australia's largest superannuation funds with around $90 billion in accounts, and manages in excess of $59 billion in funds for more than 540,000 members.

For more information, please contact: Geraldine Mitchell 0418 429 866