MELBOURNE, Australia—Ansell Ltd. outlined its board and senior management succession plans for Magnus Nicolin, the group's managing director and CEO, and Glenn Barnes, the company's chairman.
Nicolin, after having led the Ansell group since 2010, will continue through the 2021 financial year, then retire. The board has identified potential candidates to make up the next generation senior team and CEO, reaffirming a commitment to developing internal talent, according to a statement. The board is further evaluating those candidates.
Both the board and Nicolin are committed to seeing a smooth transition of leadership responsibilities, according to the statement.
The board also has approved a succession plan for board member positions. Dale Crandall, general counsel for the board and Ansell, will retire at the 2017 annual shareholders meeting after 15 years of service. Bill Reilly, who has 17 years of experience with Ansell as a non-executive director, will seek election to the board in place of Crandall.
Christina Stercken will join the board October 1, 2017. Ronnie Bell will also retire from the board at the 2018 annual stockholders meeting.
Also, Barnes will stand for re-election as a director at the 2017 annual stockholders meeting, and intends to retire at the 2019 meeting. John Bevan has assumed the position of deputy chairman, and is intended to succeed Barnes as the next chairman.