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Coles’s Managing Director Ian McLeod promoted to group director of Wesfarmers

Australian supermarket giant Coles’s Managing Director Ian McLeod will be promoted to Group Commercial Director of its parent company Wesfarmers Group, effective from 1 July, according to Wesfarmers Managing Director Richard Goyder.

McLeod took over the helm at Cole in 2008. Under his leadership, the supermarket chain has "more than doubled earnings before interest and tax and generated significant shareholder value for the Wesfarmers Group", Goyder said in a statement.

In his new role, McLeod will work closely with Goyder and senior team to provide executive oversight on strategic initiatives and internal Wesfarmers programs.

John Durkan, Coles’s Chief Operating Officer, will replace McLeod as Managing Director.