The Board of ASX Limited announced the appointment of Dr. Heather Smith as a nonexecutive director with effect from 29 June 2022 and the upcoming retirement of Dr. Ken Henry. Dr. .Smith has a PhD in Economics from the Australian National University (ANU) and spent 20 years in the Australian Public Service, culminating in being Secretary of the Department of Industry, Innovation and Science (2017-2020), and before that Secretary of the Department of Communications and the Arts (2016-2017). She has also held senior positions in the departments of Prime Minister and Cabinet (including heading the Prime Minister's taskforce on Innovation), Foreign Affairs and Trade, and the Treasury, as well as the Office of National Intelligence.

She began her career at the Reserve Bank of Australia in 1988. Dr. Smith is a non-executive director of Challenger Limited (since 2021) and Professor at the ANU National Security College. She will stand for election at ASX's Annual General Meeting on 28 September 2022.