Australia's bourse operator names David Clarke as new chair elect (updated)

Mosaic Brands

11/09/2024 01:20

(Adds details in paragraphs 2-5)
       Sept 11 (Reuters) - The Australian bourse operator ASX
Ltd  ASX.AX  said on Wednesday it had appointed David Clarke as
its new chair elect, who will assume the role at the conclusion
of the company's annual general meeting in October. 
    Current ASX chairman Damian Roche confirmed he would retire
from the board at the end of the AGM, bringing an end to his
3-year tenure in the position. 
     The management change comes in the midst of a lawsuit filed
by the country's corporate regulator in August over "misleading"
software upgrade statements. 
    Clarke has served in the board of directors and has assumed
top-brass roles in multiple listed companies, the most recent
being the chief financial officer of Mosaic Brands  MOZ.AX . 
    His appointment as chair is effective immediately but
shareholders will get to vote on his election in the upcoming
AGM on Oct. 28. 

    
    

 (Reporting by Archishma Iyer in Bengaluru; Editing by Rashmi
Aich)
 ((Archishma.Iyer@thomsonreuters.com;))