DAVID Murray has been effectively put on notice as chairman of the Future Fund, having been re-appointed for just 12 months today.
Under normal circumstances, the appointment would have been for a five-year term.
The official statement is likely to say Mr Murray had asked for the shortened term, but this will be treated with some scepticism.
Still, he gets to stay until the new chief executive is appointed and will handle the transition.
Just who gets to run the Future Fund full-time is yet to be decided.
Two newcomers were appointed to fill the gap left by Trevor Rowe’s departure and Mr Murray’s imminent exit, while former Suncorp boss John Mulcahy was reappointed for four years.
The newcomers are economist Carol Austin, named for a four-year term, and Goldman Sachs executive Stephen Fitzgerald, who has been asked to serve for five years.
