The Chairman of ASX Limited David Gonski AC has finalised a statement on the renewal process for the ASX Board which will be included in the Chairman’s Letter to be released as part of ASX’s 2009 Annual Report on 20 August 2009.
The Chairman of ASX wishes to inform shareholders and the market of the text:
“[When I started my chairmanship] I inherited a very strong and hard working Board that is committed to a process of Board renewal. To that end:
- Michael Sharpe AO, a director since 1995, retired on 1 July 2009. Michael had been the chair of the Audit and Risk Committee of the Board for many years, and we record our gratitude and best wishes to him. We have welcomed Peter Marriott as Michael’s successor, who brings his own blend of skills to that important responsibility.
- Trevor Rowe AM, as the next longest serving director on the ASX Board, has indicated his intention
to step down from the Board prior to the 2010 AGM, by which time he would be in his ninth year as
an ASX director. This gives the Board the opportunity to continue the renewal process and propose
to shareholders a successor to Trevor at next year’s AGM.”