Wesfarmers Limited : Wesfarmers and Coles Managing Director agree on new contract
05/29/2012| 02:14am US/Eastern
Wesfarmers, and Coles Managing Director Ian McLeod,
have reached agreement covering the terms and conditions of
his future employment.
"Ian and his team have achieved outstanding
results over the past four years, delivering at Coles a
sustained period of industry out-performance in both sales
and profit growth," said Wesfarmers Managing Director
"Ian was initially employed on a five year
fixed-term contract to lead the turnaround of Coles after
Wesfarmers acquired the company.
"As we are now reaching the final stage of that
arrangement, we are pleased that Ian wishes to remain leading
Coles beyond that period.
"After June 2013, Ian will move to a new
employment contract consistent with other senior executives
within the Wesfarmers Group, which includes a six month
For further information:
Communications Manager, Wesfarmers Limited
61 8 9327 4257 or 0417 928 632