MELBOURBE, Australia (Sept. 10, 2009)—Doug Tough, managing director and CEO of Ansell Ltd., plans to resign both posts and leave the company in 2010.
Tough's contractual arrangements with Ansell call for him to continue holding down the top spots until March 2010, which will allow the company sufficient time to replace him, the company said.
In a statement issued by the glove and condom maker, Ansell Chairman Peter Barnes thanked Tough for his contributions to the firm, noting that his extensive experience and strong leadership have been crucial to the growth of the company.
The firm's board of directors is actively searching internally and externally for a replacement.