ASX Limited Announces CEO Transition Ahead of CHESS Project Milestone

ASX Ltd CEO Helen Lofthouse to Step Down in 2026 Amid Key Project Milestones

Sydney, Australia – February 10, 2026 – In a significant leadership transition, ASX Ltd (ASX: ASX) announced yesterday that CEO and Managing Director Helen Lofthouse will step down in May 2026. This change comes as the company prepares for the critical launch of the first phase of its CHESS project, set to go live in April 2026.

Lofthouse, who has been at the helm for 11 years, has overseen a transformative period for ASX, marked by strategic resets and substantial investments in technology. Under her leadership, the company has enhanced its risk frameworks and modernized its technological infrastructure, positioning ASX as a resilient player in the financial markets.

A Pivotal Moment for ASX

The timing of Lofthouse’s departure is crucial, coinciding with the final preparations for the CHESS project, which is integral to Australia’s equity clearing and settlement infrastructure. The project aims to revolutionize the way securities are cleared and settled, ensuring greater efficiency and security in the market.

In light of this transition, ASX has engaged Korn Ferry to assist in the global search for Lofthouse’s successor. The Board is committed to identifying a candidate with robust credentials in financial markets and transformation, considering both internal and external candidates.

Reflections from the Outgoing CEO

In her statement, Lofthouse expressed pride in the achievements made during her tenure. “Since becoming CEO, we have reset the CHESS project, refreshed our strategy, and expanded technology investment,” she said. “While the pace of change has been intense in recent years, I’m very proud of our achievements in modernizing technology, enhancing customer engagement, and shifting our culture.”

What Lies Ahead for ASX

Despite the leadership change, ASX’s Board has assured stakeholders that the search for a new CEO will not disrupt the company’s strategic priorities. The executive team remains fully accountable for ongoing programs, ensuring that the focus on reliable and resilient market infrastructure continues unabated.

Investors can anticipate regular updates on the CEO search and key milestones related to the CHESS project as the go-live date approaches. With Lofthouse’s departure marking the end of an era, all eyes will be on ASX as it navigates this pivotal transition.

For more details, you can view the original announcement.