Wesfarmers has promoted Rob Scott to managing director of a new industrials division created through the combination of its three non-retail operations.
Wesfarmers’ three industrial businesses – Chemicals, Energy and Fertilisers (WesCEF), Resources, and Industrial and Safety (WIS) – will be grouped together under a new industrials division, with Mr Scott, the head of financial services, to become managing director of the new group.
Former insurance division managing director Anthony Gianotti has been appointed finance director of the new industrials division, while Olivier Chretien, who has been WIS managing director since 2008, will lead the group’s business development and corporate planning functions.
Managing director Richard Goyder said the changes would streamline the group’s reporting and decision-making structure.
“It will enhance sharing of knowledge and ideas between naturally clustered business units, reinforce our performance and development culture and better position the group for growth.”
Shares in Wesfarmers were 0.4 per cent higher, or 19 cents, to $41.62 each at 1pm.