HESTAs CEO Resigns Amid Superannuation Outage

HESTAs CEO Resigns Amid Superannuation Outage

Debby Blakey, the CEO of HESTA, has announced her resignation after over a decade leading the 10th-largest superannuation fund in Australia. The resignation follows an outage during a transition from MUFG to Grow Inc., causing weeks-long delays and member frustration.

HESTAs board is conducting a search for a new CEO, with an expected announcement by July. Blakey will shift focus to a board position, ensuring a smooth leadership transition while addressing concerns raised by the outage and regulatory scrutiny.