A century of Wesfarmers

Today marks 100 years since a collective of farmers registered an entity called The Westralian Farmers Ltd in Perth.

Wesfarmers managing director Richard Goyder said the growth of that small farmers’ cooperative into one of Australia’s largest companies and employers was a tribute to all past and present leaders, employees and shareholders who had been a part of the company’s remarkable journey over the past century.

“It’s extraordinary to think today that we’re a top 10 ASX-listed company with a turnover of around $60 billion, half a million shareholders, more than 200,000 employees and with businesses which touch millions of people’s lives every day,” Mr Goyder said. 

Since its public listing in 1984, Wesfarmers’ focus on shareholder returns has resulted in much better performance than any other company that has been listed during the same period, he said.

“That performance has translated into opportunities to grow and make significant contributions to the economy and the community through investment, employment, tax payments, and support for arts and community organisations,” Mr Goyder said. 

“It’s a company I am very privileged to lead and we remain committed to working together to build on the great legacy that others have left and make Wesfarmers an even better company in the years ahead. 

“Nothing is more important to us than our reputation and it means a huge amount to us that we have made a contribution to the community which is valued by others.” 

Wesfarmers last traded at $41.88 at 1:00pm WST.