Yesterday afternoon, ASX Ltd (ASX: ASX) announced that CEO and Managing Director Helen Lofthouse will step down in May 2026, coinciding with the final preparations to deliver the first phase of the CHESS project.
What did ASX Limited report?
- CEO Helen Lofthouse to step down in May 2026 after 11 years at ASX
- CHESS project Release 1 targeting go-live in April 2026
- Korn Ferry engaged to support global search for new CEO
- Technology and resilience upgrades completed under current leadership
- Ongoing transformation and technology modernisation program
What else do investors need to know?
The transition comes at a crucial time, as ASX finalises preparations for the first phase of the CHESS project, which underpins Australia’s equity clearing and settlement infrastructure. Helen Lofthouse has led a strategic reset, enhanced tech investment, and upgraded risk frameworks over her tenure.
Succession planning has commenced, with Korn Ferry supporting a thorough search for the next CEO. Both internal and external candidates will be considered, with the Board emphasising the need for strong credentials in financial markets and transformation.
What did ASX Limited management say?
Outgoing CEO and Managing Director Helen Lofthouse said:
Since becoming CEO we have reset the CHESS project, refreshed our strategy, expanded technology investment and delivered a series of technology and resilience upgrades. While the pace of change has been intense in recent years, I’m very proud of our achievements in modernising technology, enhancing customer engagement, developing Group capabilities, and shifting our culture.
What’s next for ASX Limited?
ASX’s Board said the search for a new CEO will not impact delivery of its strategic priorities, with the executive team fully accountable for current programs. The company remains focused on reliable, resilient market infrastructure and stewardship.
Investors can expect ongoing updates on the CEO search and key project milestonesâespecially as the CHESS project’s first phase approaches its go-live date in April 2026.
The post ASX Limited CEO to step down as CHESS project enters new phase appeared first on The Motley Fool Australia.
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