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Tim Lawless and Tim McKibbin join returning member, Richard Simpson, to fill the three open spots on the super fund’s board.
One of the few industry funds to have member elected directors on its board of trustees, REI Super has been looking to find representatives for its Queensland-Northern Territory electorate, NSW-ACT electorate and Victoria-Tasmania electorate.
Mr Lawless ran uncontested for Qld-NT, while Mr McKibbin and Mr Simpson garnered the most support for the NSW-ACT and Vic-Tas seats respectively.
In announcing the new members, the fund’s chair, Claire Higgins, spoke to the importance of the elections in the way the group functions.
“Having member-elected directors on our board means that our members have an opportunity to influence the leadership of their fund. They enhance the understanding and representation of our membership and bring a wealth of knowledge of the real estate industry,” Ms Higgins said.
The three are longstanding figures in the industry. Mr Lawless is CoreLogic’s executive research director in the Asia-Pacific region, who brings several decades of experience at the intersection of real estate and data to the group.
On assuming the position, Mr Lawless said he is “deeply honoured” and is “looking forward to the opportunity of making a meaningful contribution towards the financial wellbeing of fund members, collaborating with my fellow board members and the executive team, and further enhancing the overall value proposition of REI Super”.
Mr McKibbin, CEO of the Real Estate Institute of NSW, said that he would not underestimate the responsibility of the position.
“REI Super has a proud history of delivering high-quality outcomes for its members. I’m looking forward to the challenge,” he said.
Mr Simpson, first appointed as a member-elected director of the board in October 2019, is a fifth generation real estate professional who has worked out of his family-run agency, W.B. Simpson & Son, for the past 20 years.
Upon his re-election, Mr Simpson said he is “excited to have the opportunity to continue the excellent work of our board and management team with our continued focus on improving member engagement, reducing fees and most importantly maintaining the strong performance of our investment portfolio”.
Ms Higgins added that the existing board is pleased to welcome the members as it continues to work for “better retirement outcomes for our members” while “remaining a top-performing fund”.
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