Ansell Limited (Ansell) announced that the company’s managing director and chief executive officer (CEO), Doug Tough, has notified the board of his intention to resign. Pursuant to his contractual arrangements with Ansell, Tough will continue to be employed by the company until March 2010, thereby allowing the company sufficient time to implement appropriate transitional arrangements.
Ansell Chairman Peter Barnes thanked Tough for his very significant contribution to Ansell, and said that his extensive experience and strong leadership have been of crucial importance to the company. Ansell, through Tough’s term as managing director and chief executive officer, has been, and continues to be, a strong cash-generating company, even through the more recent challenging times. “Doug’s successor will inherit a strong balance sheet, and a company well placed to embark on the next phase of its expansion,” Mr Barnes said.
The board, through its nomination, remuneration and evaluation committee, has in place a considered succession plan and the company has internal candidates identified to be considered for the position of chief executive officer. To ensure that the company secures the best leadership for the position, Ansell has engaged Spencer Stuart to undertake a comprehensive international search, inclusive of internal candidates.
Ansell designs, develops, manufactures and markets a range of surgical, examination, industrial and household gloves, protective clothing and condoms.