Stewart Butel will retire as the managing director of Wesfarmers Resources at the end of July. Mr Butel has been associated with Wesfarmers since 2000.
Wesfarmers has promoted Rob Scott to managing director of a new industrials division created through the combination of its three non-retail operations.
Wesfarmers is set to acquire a coal development licence worth $70 million from Peabody Energy, in a purchase which the company says will boost its total coal reserves by about 29 per cent.
The appointment of leading commercial lawyer Paul Meadows to Wesfarmers executive team has had a ripple affect across the top of the conglomerate, at both board and management level.
Richard Goyder has made the most significant move in his short tenure as Wesfarmers Ltd chief, creating a new stand-alone coal division and reshuffling his executive team on news of the departure of energy boss David Robb to head Iluka Resources Ltd.
