Sam Mostyn at the 2024 Investment Magazine Chair Forum. Photo: Jack Smith.

Aware Super chair Sam Mostyn has resigned her role at the helm of the $160 billion mega-fund after she was named Australia’s next Governor-General, succeeding David Hurley and becoming the second woman to serve as head of state.  

Prime Minister Anthony Albanese announced on Wednesday that King Charles has approved his recommendation of Mostyn. She will be sworn in on 1 July and serve a typical term of five years.  

“Sam Mostyn is an exceptional leader who represents the best of modern Australia. She has lived her life in the service of a powerful Australian principle: when more people have the opportunity to fulfil their potential, our nation is a better place,” Albanese said in a media statement.  

“I am confident Ms Mostyn will discharge her duties as Governor-General with her customary dedication, creativity and compassion – and an unwavering sense of service to our nation.” 

Mostyn thanked Albanese for his vote of confidence.  

“I’m deeply honoured by this great privilege and look forward to representing the values, hopes and aspirations of all Australians,” she said in a statement.  

“I will never underestimate or take for granted the expectations that come with high office and I am ready to serve with integrity, compassion and respect.” 

She has also served on the board of the newly established Super Members Council (SMC) Australia, as well as on the advisory board of the Investment Magazine Chair Forum, in which she was an active participant this year. On becoming Governor-General designate, she has resigned from all her board roles immediately.  

Previously, she was also the first female commissioner of the Australian Football League and – being a prominent gender equality advocate in the industry – chaired the Women’s Economic Equality Taskforce (WEET) which delivered a report with seven recommendations that facilitate women’s contribution to the economy in 2023. 

One of the immediate actions included in the report was paying super on parental leave – the lack of which is a main reason why women tend to end up with less super than men in retirement – and was actioned by the Labor government last month.