Green moves: Future Fund, Future2 Foundation

Future Fund has welcomed a new member to its responsible investment team, Future2 Foundation has added to its board of directors with a new appointment, while the Clean Energy Regulator (CER) chief executive has commenced his role at the organisation.

Michael Cistulli is returning to Sydney to join Future Fund as a senior associate of responsible investment following a two-year stint at Legal & General as responsible investment analyst in London.

At Legal & General, Cistulli had a focus on private credit, including corporate credit, infrastructure debt, real estate debt and alternative assets. He sat within its responsible investment and sustainability team.

Before that, Cistulli was a fixed income analyst at Challenger for more than two years, and brings relevant experience from Plenti, Elkiem, and J.P. Morgan earlier in his career.

Separately, Future2 Foundation has welcomed Fiona Caheny as a director to its board, joining fellow directors Julie Berry, Dave Slovinec, Benjamin Marshan, Olivia O'Neill, Giles Gunesekera and Steve Thomson.

Caheny brings extensive experience across treasury, finance, banking and payments, with expertise in financial risk, governance and transformation.

As a Future2 director, Caheny will help drive financial literacy and inclusion to help Australians to build greater financial independence and stronger financial futures.

"We're excited to welcome Fiona to the Future2 community and look forward to the contribution she will make," Future2 Foundation said.

Meanwhile, Tony Chappel has commenced as chief executive and chair at the CER.

He joined from the New South Wales Environment Protection Authority (NSW EPA), where he served as chief executive since 2022. He has also served in senior roles at the Australian Market Operator, AGL Energy, BBY, and Macquarie Group.

Collectively, these experiences provide Chappel with a deep understanding of many sectors, stakeholders and policy issues that are central to the CER's work, CER said.

Minister for climate change and energy Chris Bowen welcomed Chappel's appointment.

"Chappel's appointment comes at a pivotal time, with the Clean Energy Regulator's work central to Australia's energy transformation and progress towards net zero," Bowen said.

"He brings extensive experience leading statutory regulatory organisations, with a proven track record in governance, compliance and enforcement across complex operating environments including as chief executive of the NSW EPA.

"The CER plays a critical role in delivering Australia's clean energy transition, and Chappel's expertise and leadership will help ensure it continues to deliver Australia's key climate and renewable energy programs with integrity."

Chappel replaces David Parker, who has retired after a 40 plus-year career in public service, including nine years as chief executive and chair of the CER.

Bowen thanked Parker for his contributions.

"I also thank Parker for his leadership in administering key climate and energy programs, including the Cheaper Home Batteries program and reforms to the Safeguard Mechanism and Australian Carbon Credit Unit Scheme," Bowen added.

"Over nearly a decade of service, Parker has overseen one of the most significant periods of reform in Australia's climate policy, and I thank him for his dedication and public service."