Adairs Limited announces MD & CEO transition

Adairs Limited (ASX:ADH) has announced that its Managing Director & Chief Executive Officer, Mark Ronan, will leave the Group in early 2025. Mark has been a key leader of the Company for 17 years, with the last 8 as MD & CEO, leading the Company through a significant period of change and growth.

Mark Ronan's comments on the transition

Mark commented, 'Adairs has been a large part of my life for nearly two decades and I feel that the time has come to make a change, consider what the future holds, and pursue new opportunities. This was not an easy decision and I will certainly miss the friendship, support and passion of our team, who have been and always will be critical to the Group's success. Recognising this, my focus is on managing the Company and supporting our team through the transition period ahead.'

Transition plan and board's acknowledgment

Adairs Limited has announced the departure of its Managing Director & Chief Executive Officer, Mark Ronan, in early 2025. The Board is actively engaged in identifying and appointing a successor, and Mr Ronan has agreed to continue in his current role into 2025 to facilitate a smooth transition. Interim Chair, Kate Spargo, expressed the Board's understanding of Mark's decision and thanked him for his leadership approach and significant contribution to Adairs. The Company will now focus on the transition period and the process of appointing a new MD & CEO to lead the Company into the future.