- by: David Crowe The Australian December 05, 2012
Ms Bligh will take up the post within weeks for a term of three years, collecting a package worth up to $90,000 a year to help oversee the federal government's health insurer.
Finance Minister Penny Wong announced the appointment yesterday as one of three changes to Medibank, a priority target for privatisation if a Coalition government takes power at the next election.
The move follows the Gillard government's appointment of former Queensland treasurer Andrew Fraser and former attorney-general Cameron Dick to other federal posts in recent weeks.
Mr Fraser gained a two-year position on the Australian Sports Commission board early last month, joining business and sport executives who oversee millions of dollars in grants. He was Queensland treasurer from September 2007 until Labor lost the state election earlier this year.
Mr Dick, a former state minister for industrial relations and education as well as attorney-general, was last week named the new chairman of the Safety, Rehabilitation and Compensation Commission for three years.
Before becoming premier Ms Bligh had been deputy premier with responsibility for finance, state development, trade and innovation, and prior to that held portfolios including education, families, community care and disability services.
Ms Bligh becomes the only former politician on the Medibank board, which is chaired by former Howard government cabinet secretary Paul McClintock.
Medibank directors receive from $74,000 to $89,000 over the year in cash, superannuation and non-monetary benefits, according to the health insurer's last annual report.
Senator Wong also announced that Medibank director Cherrell Hirst would continue on the board for a further three years.
She thanked another director, Philip Twyman, who leaves the board after five years