SYDNEY, AUSTRALIA: ALS Limited (ASX: ALQ) announced that its CEO and Managing Director Mr Raj Naran has notified the Company that for personal reasons he has resigned, effective immediately, after 23 years of service with ALS, including 6 years as CEO and Managing Director.
In accordance with the Company’s advanced succession plans, a global search for his successor has been initiated by the Board. That search will include our leading internal talent and external candidates.
In the interim, the Company’s Chief Strategy Officer Mr Malcolm Deane will take the position of Acting CEO and Managing Director of ALS Limited.
Commenting on the notice, ALS Chairman Mr Bruce Phillips said: “Raj has been a driving force in the globalisation of ALS, growing the Company’s market capitalisation 96% from $3.1 billion in 2017 to $6.1 billion today.
During the same period, the company’s share price has increased 65%. On behalf of shareholders, I thank him for his dedication to ALS Limited over a long period of time and wish him well in the future.”
Mr Naran responded saying, “It has been a privilege to lead ALS in its latest journey to become one of the global leaders in the Testing, Inspection & Certification (TIC) industry. While I now need to spend time with my family, I will remain available to assist the Board and management team to ensure a smooth transition to a new CEO in the months ahead.”