Sue Applegarth is set to retire after 10 years as the chief executive officer of SAUL Trustee Company, the administrator for the Superannuation Arrangements of the University of London (SAUL) with more than £3bn (€3.5bn) in assets and 87,000 members across 49 employers in the higher education sector.
Applegarth joined SAUL in November 2014, and will retire on on 1 October. She will be replaced by Rob Orr.
Orr joined SAUL in 2010 and is currently head of technical and communications. He is also a member of the Pensions & Lifetime Savings Association’s (PLSA) policy board, chair of its defined benefit (DB) committee and a fellow of the Pensions Management Institute (PMI).
Louise Lindsay, chair at SAUL, said that after an extensive and competitive process, Orr emerged as the strongest candidate.
She said: “His knowledge and experience of the issues and governance requirements for a scheme like SAUL set him apart. He was also the most experienced in the challenges faced by our employers and by the higher education sector. He demonstrated particular focus on achieving the right outcomes for SAUL members.”
Applegarth said: “Rob demonstrated a clear personal alignment with SAUL’s values.”
She added that Orr’s commitment to maintaining a “positive, transparent, and motivating culture was very evident” and so too was his commitment to continuing the collaborative engagement with all stakeholders that has “served SAUL so well over many years”.
Orr said: “It’s a real privilege to be appointed, and I’m both excited and honoured to follow Sue in leading SAUL Trustee Company.”
He noted that in the run up to 1 October he will be working closely with Applegarth and engaging with the trustee board, employers, unions and other stakeholders so SAUL continues to deliver “a strong scheme with pension benefits and service that meet the needs of our members and employers”.
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