GMHBA confirms CEO exit as board starts succession plans


Leadership change is also in train at profit-to-member superannuation fund HESTA, which has significant group insurance arrangements. CEO Debby Blakey has advised that she will step down in the second half of 2026 after more than 10 years in the top role and 17 years with the fund, with a view to taking on a broader portfolio of board positions. Under Blakey, HESTA’s funds under management have grown from about $30 billion to more than $100 billion, and the fund has been active in corporate engagement on responsible investment and governance issues. The HESTA board has begun its search for a new CEO and has indicated it expects to name a successor around July 2026, with Blakey staying on to assist with transition. Taken together, the CEO movements at GMHBA, Ansvar, NTI, and HESTA mark a period of succession activity across health, general, and group insurance-linked organisations, occurring alongside ongoing pressures from claims trends, cost inflation, and member expectations in the Australian market.


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