Former Coles boss Ian McLeod has resigned from the Perth-based conglomerate Wesfarmers to join US retail giant Bi-Lo Holdings.
McLeod’s departure comes just six months after a change in his role to spearhead Wesfarmers’s international expansion plans in a newly created commercial director role.
It has long been speculated that Wesfarmers, which owns Coles, Bunnings, and coal and chemical assets, would look to offshore markets to fuel earnings growth although no deals have been inked during McLeod’s tenure in the new role.
(Source: The Sydney Morning Herald Online )