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ASX non-executive director resigns

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By Reporter
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2 minute read

The non-executive director has exited after three years on the ASX board and longer stints on the boards of its clearing and settlement companies.

ASX has announced that non-executive director Rob Woods has resigned from its board due to personal reasons, effective from 14 March.

Mr Woods was originally appointed as a non-executive of ASX in January 2020. He has served on the board of the market operator’s clearing and settlement companies since 2015 and previously served as the chairman of ASX Clear and ASX Settlement.

In a statement, ASX chairman Damian Roche thanked Mr Woods for his service.

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“ASX has benefitted from seven years of Rob’s service across the various positions he has held, and the board and I want to express our appreciation for his deep and considered contribution, as well as his wise counsel over the time we’ve worked together,” he said.

“Rob has been a highly valued member of our board and while we’re all disappointed to see him leave, we wish him all the best.”

In order to facilitate succession planning, ASX confirmed that Peter Marriott has agreed to extend his tenure on the board until the conclusion of its board meeting scheduled for August. Mr Marriott had previously intended to resign at the conclusion of ASX’s meeting in April.

Last month, ASX announced the appointment of Vicki Carter and Luke Randell as non-executive directors as part of the its board renewal program.

At the time, Mr Roche said that one of his priorities for the program was to strengthen the board’s technology and cyber capabilities and its experience in managing the complex needs of large-scale transformation programs.

“These skills are critical to understanding how these transformations will complement the technology changes at ASX and impacts our customers and their business needs,” he said.

“I am confident that Vicki and Luke have the relevant skills with transformation and can bring insights drawn from contemporary customer relationships to make valuable contributions to the board.”

ASX non-executive director resigns

The non-executive director has exited after three years on the ASX board and longer stints on the boards of its clearing and settlement companies.

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