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Wesfarmers announces Kmart's managing director Ian Bailey will retire in April 2025, succeeded by CFO Aleksandra Spaseska.
Wesfarmers Ltd shares rose 0.71% to $74.08 on Thursday, outperforming the S&P/ASX 200.
The company announced Kmart managing director Ian Bailey will retire in April 2025, to be succeeded by Aleksandra Spaseska, who has been with Wesfarmers since 2008.
Bailey's tenure saw significant growth at Kmart, and Spaseska, currently the CFO, is set to lead amidst potential interest rate cuts that could boost spending.
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Wesfarmers anuncia que el director gerente de Kmart, Ian Bailey, se jubilará en abril de 2025, sucedido por el CFO Aleksandra Spaseska.