The Australian Securities Exchange (ASX) has announced that non-executive director Rob Woods has resigned from its board.
Woods has been a non-executive director at ASX since January 2020 and has served on the boards of ASX’s clearing and settlement companies since 2015. He is also a former chairman of ASX Clear Pty and ASX Settlement Pty.
ASX has faced significant criticism in recent months, following the halt of its CHESS replacement programme in November. The exchange said it was “reassessing all aspects” of the planned update.
In the same month, ASX appointed Tim Whiteley as project director for the next phase of the CHESS replacement project.
He will be responsible for revisiting the solution design, establishing new project governance arrangements, strengthening vendor management and positioning the project for the next delivery phase.
Daniel Moran was appointed as chief compliance officer in January.
