Muristek
The boss of troubled BUSSQ is missing in action as the $6bn construction industry super fund faces its biggest crisis in its 40-year history.City Beat spies tell us BUSSQ chief executive Damian Wills has been on personal leave since December, just before half the board resigned in a power struggle with directors appointed by the CFMEU. The well-regarded chief investment officer Simon Mather is now in charge of the day-to-day operations of the fund.Three directors appointed by industry group Master Builders Queensland – Paul Bidwell, Sonya Beyers and Madeline Dermatossian – resigned from BUSSQ at the beginning of January.That left only three CFMEU directors including union secretary Michael Ravbar, chair Paula Masters and Jacquie Collie on the board. CFMEU assistant secretary Jade Ingham says the BUSSQ board and the CFMEU are working to ensure that the fund continues to operate properly. “Our primary focus is the interests of BUSSQ’s 70,000 members, and these issues are best not prosecuted through the media,” says Ingham. The union is seeking legal advice and “may be in a position to provide a more detailed statement later in the week.”
Most Read