Former Tasmanian premier Will Hodgman has stepped down from his role heading up the Australian Business Growth Fund, raising questions as to what his next career move may be.
Mr Hodgman was appointed the inaugural chair of the $540 million fund in April this year, three months after his shock resignation as premier.
Now, little more than six months later, he's stepped away from the fund, being replaced by ex-NSW Liberal premier Mike Baird.
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Federal Treasurer Josh Frydenberg announced the change in a statement issued this morning, saying the fund's shareholders - the Commonwealth government, the big four banks, HSBC and Macquarie Group - had agreed to appoint Mr Baird as the new chair.
"This follows notification by Mr Will Hodgman ... that he will be stepping down from the role," Mr Frydenberg said.
"The government thanks Mr Hodgman for his contribution during the formative stages of the fund's development, and wishes him well in his future endeavours."
When contacted by Australian Community Media, Mr Hodgman could not confirm whether he had a new job lined up.
"I was committed to setting up the Australian Business Growth Fund - a complex undertaking," he said.
"It has, amongst other things, needed legislation, a Shareholders Agreement finalised, incorporation, etc., to be established - and also to conduct an extensive search for the CEO.
"Both jobs have been done, and the fund launched, so its a good time to hand over to a new chair."
The Australian Business Growth Fund provides patient equity funding to help small and medium-sized businesses grow.
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