Heather Ridout resigns as CEO of Ai Group

After 33 years at the Australian Industry Group (Ai Group) and eight years at the helm as chief executive, Heather Ridout will move on from the post in April 2012.

"I have been fortunate indeed to have been part of Ai Group for such a long period of time but even more so over the past eight years as CEO. It is an extraordinary organisation full of wonderful people, supported by great representatives of Australian business and industry and underpinned by an immensely loyal membership. I have no doubt that the organisation has a great future and I have every confidence it will go from success to success,” said Ridout.

Ridout will remain in the position until April, and her replacement will be announced in due course.

Only yesterday, Ridout was appointed a board member of the Reserve Bank of Australia (RBA), a post that will last five years.

According to Ridout, the decision to join the RBA board did not affect her decision to leave Ai Group.

"While my appointment yesterday to the RBA Board was obviously personally very pleasing, it came at a very good time as I had already made my decision to leave Ai Group in the first part of 2012,” Ridout said.

Ridout’s RBA board membership begins on 14 February 2012.

Image: By Andrew Quilty, courtesy of SMH.com.au