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flag Wesfarmers announces Kmart's managing director Ian Bailey will retire in April 2025, succeeded by CFO Aleksandra Spaseska.

flag Wesfarmers Ltd shares rose 0.71% to $74.08 on Thursday, outperforming the S&P/ASX 200. flag 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. flag 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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