The Chairman of Wesfarmers, Trevor Eastwood, has told shareholders that he is excited about the platform for growth of Coles, now that the senior management team is in place. Mr Eastwood was looking to appease shareholders who have watched Wesfarmers’ share price drop to less than half of what it was a year ago and rejected proposed pay rises for the company’s directors. The proposed bonus scheme could see the salary of the company’s Managing Director, Richard Goyder, increase... ...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 »