Mr. Frawley replaces Mr. David Elmslie who joined the Hostplus Board as an Independent Chair in 2007 having reached the end of his term on 30 June 2022.

“It’s a great honour to be selected as Chair of Hostplus and extend my appreciation to the Hostplus Board for this privilege,” Mr. Frawley said.

“Hostplus is responsible for the retirement savings of more than 1.5 million members which brings with it ernormous responsibility. 

“I am committed to ensuring that Hostplus’ focus on delivering superior member outcomes in their best financial interest, which has underpinned the Fund’s 35 year history, continues to guide the Board’s actions and decisions.”

Hostplus Co Deputy Chairs, Mr. Tim Lyons and Mr. Craig Laundy, said the Fund was delighted by Damien’s appointment and that it would add incredible depth and breadth of experience to the Board.

“I am delighted to welcome Damien to the Board of Hostplus and look forward to working closely with him to continue to deliver strong performance and better retirement outcomes for our members,” Mr. Lyons said

“Damien will no doubt bring valuable perspectives to the Hostplus Board especially in relation to investments and effectively managing growth in an increasingly competitive marketplace. His depth and breadth of experience across Financial, Government and Not for profit sectors will serve our members very well,” Mr. Laundy said.

Hostplus CEO, Mr. David Elia also welcomed the appointment and took the opportunity to pay tribute to the exemplary leadership of departing Chair, Mr. David Elmslie over the last 15 years.

“I am delighted to welcome Damien to Hostplus. His rich experience will be a huge asset as we continue to focus on making a genuine difference to the financial futures of our members.  I’m excited by his addition to an already impressive Board of Directors,” Mr. Elia said

“I’d also like to pay tribute to the outgoing Chairman David Elmslie who has made an ernomous contribution to Hosptlus. Throughout his time, he has diligently and faithfully served the Hostplus Board, the Fund,  and the interests of all contributing employers and members. To have had David advocating for both our members and our employers and leading our Fund from strength to strength for so many years, has been truly invaluable.”

Mr. Frawley’s appointment to the Board is effective from 1 July 2022.