Board Reshuffle for Australian Ethical

Superannuation fund managers, Australian Ethical, has announced a reshuffle of their board with a new chairman and two new board members including Not for Profit expert Mara Bun.

Mara Bun brings more than 20 years of business and community experience to Australian Ethical. She is the current and founding CEO of Green Cross Australia an organisation set up in 1993 by Mikhail Gorbachev to create a new approach to solving the world's most pressing environmental challenges.

Previously, Bun has worked for The Wilderness Society, Greenpeace Australia, Choice, the CSIRO and a number of financial organisations, including as a director of Allen Consulting Group.

Tony Cole, who has a background in investment and public service, will also join the Board.

The incumbent chair André Morony announced that he would stand down from his position at the end of February and the Board has elected current board member Steve Gibbs to the top role.

Morony said that the company is a much more robust organisation today than five years ago when he first joined the Board.

“During my two years as Chair, Australian Ethical has faced a number of challenges not the least of which has been the difficult external environment all funds management organisations have faced,” Morony said.

“But today we are well placed to capitalise on the growing awareness amongst the general public that social, environmental and ethical considerations have an important role to play in investment decision making.”

Steve Gibbs is a director of Hastings Funds Management and Chair of Corporate Analysis Enhanced Responsibility (CAER). He was formerly Chair of the Responsible Investment Academy Advisory Council.

“I welcome the appointment of Mara and Tony. They are both highly credentialed appointments and we are honoured that they share our vision and have agreed to join the AEI Board. I look forward to working closely with them,” Gibbs said.