Michael Pennisi Email Address

Chief Executive Officer

QSuper has championed better retirement outcomes for its members for nearly 100 years. We want you to be able to do whatever you want when you finally stop work - whether that's visiting the pyramids, spoiling the grandkids or simply improving your golf handicap. The benefits of QSuper membership include a commitment to achieving solid returns, some of the lowest fees in Australia and access to death, total and permanent disability (TPD) and income protection insurance.1 All designed to help you achieve financial security both now and in retirement. This financial security can be impacted by the decisions you make on issues such as contribution rates, investment choice and insurance cover. Our goal is to work hand in hand with our members every step of the way. We want to make it easier for you to understand your options so you can make the best choices for your situation. QSuper is the super fund for people working for Queensland Government, and also has an increasing number of members who have a private sector employer contributing on their behalf. Members' spouses are now even able to apply to have their employer contribute to a QSuper account. To help our members understand their super options, we run a comprehensive range of super and retirement seminar programs. Over 450 seminars take place across the state every year hosted by specialist presenters highly skilled in the areas of superannuation and retirement. We also provide access to subsidised personal advice about your QSuper benefit from Q Invest2 whose experienced financial advisors specialise in helping QSuper members. We're committed to keeping you up to date with all the latest information, so you can feel confident that you are making the right choices for your super. QSuper works with you. It's your life, and QSuper is here to work with you to help you make the most of your super so you can continue to do the things you love. 1. Restrictions and conditions apply. Please refer to the Member guide - Insurance relevant to your situation to determine if insurance is available and for more details. 2. Q Invest Limited (ABN 35 063 511 580, AFSL 238274) Q Invest is ultimately owned by the QSuper Board (as trustee for the QSuper Fund), and is a separate legal entity which takes full responsibility for the financial services and products it provides.

Michael is an experienced Financial Services executive who has led multiple organisations, including CEO of the QSuper Group prior to its merger creating the Australian Retirement Trust (ART). Under his tenure, QSuper grew to be one of Australia’s largest funds and he led a major transformation touching every element of its operations, culture, governance and people. Michael also held CEO and senior executive roles with some of Australia’s largest Investment, Insurance, and Financial Advice firms. He is an experienced Board Director who has attended 100’s of meetings as Chair, Director, & executive. He is a transformational leader with a proven track record of delivering change. His deep experience as a Chief Strategist complements his eye for detail and delivery, and he is known for delivering to time, budget, quality and scope. Significant career achievements: •Grew QSuper’s FUA from circa $60 billion to $130 billion. •Led (for QSuper) the largest merger in Australian superannuation history, creating ART. •Delivered major cultural and diversity transformations building purpose focussed organisations. •Commercialised businesses, delivering material productivity gains and leading employee engagement. •Delivered multi-year technology transformations, uplifted core systems, cyber security, and data as an asset. •Led QSuper to become a Public Offer fund with outcomes materially exceeding objectives. •Drove a corporate social responsibility agenda across investment management, community engagement, and partnerships. •Delivered Corporate Strategies for major Australian financial institutions. •Established QInsure Limited, a wholly owned Australian Life Insurance company. •Led development of a myriad of new products, services and advice services. •Led a “whole of organisation”, multi-year transformation for an IM firm and developed and implemented its Asia market entry strategy. Michael is a collaborative and determined business leader who has led large, complex organisations and delivered outstanding outcomes. He believes in the “power of purpose”, a compelling vision and uniting organisations. He has extensive Board experience as a Director, CEO and executive, having Chaired and attended 100s of Board meetings. He is diligent, collaborative and passionate about the role of Boards and sits on Advisory Boards in the higher education and health sectors. Michael has a B.Economics from Queensland University, a B.Commerce from Griffith University and is an Australian Institute of Company Directors graduate (GAICD).