ASX Limited CEO to step down as CHESS project enters new phase

ASX Limited has announced CEO Helen Lofthouse will step down in May 2026 as the CHESS project approaches release.

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.

CEO of a company talking to her team.

Image source: Getty Images

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 milestones—especially as the CHESS project's first phase approaches its go-live date in April 2026.

View Original Announcement

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

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