NRFC announces David Gall as new CEO

The National Reconstruction Fund Corporation (NRFC) has announced David Gall (pictured) as its new Chief Executive Officer, following the departure of founding CEO Ivan Power in November due to ill-health.

Gall’s 35-year career features 16 years at National Australia Bank, including as Group Executive for Corporate and Institutional Banking.

The NRFC is charged with making investment decisions in companies from seven priority areas identified by the federal government, though acting independently of it. It is modelled on the Clean Energy Finance Corporation.

In a statement on Tuesday, the NRFC described Gall as having a “strong vision for Australian manufacturing and passion for rebuilding Australia’s industrial capability”, making him an ideal candidate. 

“The NRFC represents an exciting opportunity to help Australia achieve a more sustainable and diversified economy. I’m honoured to have the opportunity to lead the NRFC at this important stage of its growth,” said Gall.

“I believe in the power of strategic investment to create value, drive innovation, and rebuild the industrial capabilities that are vital for Australia’s future.” 

Picture: credit NRFC

Further reading

National Reconstruction Fund Corporation seeks new CEO after Power departs due to ill health

Co-investment plan released for first of seven National Reconstruction Fund priority areas

Government on the hunt for a CEO of the National Reconstruction Fund

National Reconstruction Fund board appointed

3 ways to help the $15 billion National Reconstruction Fund revive manufacturing