Australian exchange's stock sees biggest drop in two months, CEO Lofthouse plans to resign.

The Australian Securities Exchange announced that its embattled CEO, Helen Lofthouse, will step down in May without a successor appointed. The exchange is currently facing multiple challenges, including regulatory investigations, and its stock price fell after the news was made public. Following the announcement of her resignation in a statement released after trading hours on Tuesday, ASX shares dropped 6.3% on Wednesday, marking the biggest decline since December 15th last year. ASX stated that they are currently searching globally for the next CEO, with internal candidates also being considered.