Oct 8 (Reuters) - HGL Ltd HNG.AX :
* REACHED AN AGREEMENT WITH CEO HENRIK THORUP TO COMMENCE A CEO TRANSITION PROCESS AFTER BEING INFORMED OF HIS INTENTION TO STEP DOWN
* BOARD HAS COMMENCED A COMPREHENSIVE SEARCH TO FIND THORUP'S SUCCESSOR
* THORUP HAS COMMITTED TO STAY IN ROLE UNTIL A NEW CEO IS APPOINTED