Coles, in the early stages of a five year turnaround being orchestrated by a management team full of new blood, is set to lose one of their stalwarts at the end of the year. Mick McMahon, the man who led Coles through its acquisition by Wesfarmers last year and represented the company during ACCC questioning as part of the Grocery Price Inquiry, is to step down at the end of the year, according to reports from Fairfax Media. Currently in the position of Chief Operating Officer of Food, Liquor and... ...Read more »

Trevor Eastwood AM today announced he would be stepping down as Chairman of Wesfarmers Limited at the company’s Annual General Meeting in November 2008. Mr Eastwood took up the role as Chairman of Wesfarmers, one of Australia’s largest companies and owners of Coles Group, in 2002 after joining the Board back in 1994. The company advised that Dr Bob Every, a current Non-Executive Director, will succeed Mr Eastwood on November 13, with Dr Every to take on the position of Deputy Chairman... ...Read more »