Richard Goyder is stepping down as managing director of Wesfarmers after 12 years heading Australia’s largest private employer. He will be replaced by Rob Scott who started at Wesfarmers in Perth in 1993 before moving into investment banking where he had various roles in corporate finance and mergers and acquisitions. […]
Wesfarmers managing director Richard Goyder was clearly subdued when announcing writedowns of up to $1.3 billion in the value of the struggling Target retail chain. “I wouldn’t rate this as one of my better days in the group,” Goyder told a media briefing. “I’m not doing cartwheels.” Wesfarmers, Australia’s biggest […]
Let people get on with their jobs.
But underlying profit up.
Focus needs to shift.