National Reconstruction Fund Corporation (NRFC) Chair, Mr Martijn Wilder today announced the departure of the Corporation’s founding CEO, Mr Ivan Power.
“Mr Power faced several health challenges since his appointment in February 2024 and has been on extended leave since late May 2024. Mr Power is unable to fulfil his duties at the NRFC at this time and so regretfully the Board will seek a new permanent appointment for the role as CEO of the NRFC,” Mr Wilder said.
Mr Wilder thanked Mr Power for his contribution as the Corporation’s founding CEO and wished him the best for his continued recovery.
“Mr Power brought energy, discipline and experience to our mission to grow Australian companies and skilled jobs, and we are disappointed he is unable to continue with the Corporation,” Mr Wilder said.
Mr Wilder said that Chief Operating Officer, Ms Rebecca Manen will continue as Acting CEO whilst the board conducts a process to appoint a replacement for Mr Power.
“Ms Manen will continue to run our team of experienced investment professionals to assess applications and opportunities to grow Australian businesses and industries,” Mr Wilder said.
“Together with newly appointed Chief Investment Officer, Dr Mary Manning and a team of specialists in sectors the NRFC is mandated to invest in, we expect to be announcing our foundation investments shortly.”
ENDS
Issued by National Reconstruction Fund Corporation.
Email: media@nrf.gov.au