Coles Group Management

Management criteria checks 3/4

Coles Group's CEO is Leah Weckert, appointed in May 2023, has a tenure of 1.5 years. total yearly compensation is A$4.69M, comprised of 42% salary and 58% bonuses, including company stock and options. directly owns 0.031% of the company’s shares, worth A$7.60M. The average tenure of the management team and the board of directors is 2.8 years and 4 years respectively.

Key information

Leah Weckert

Chief executive officer

AU$4.7m

Total compensation

CEO salary percentage	42.0%
CEO tenure	1.5yrs
CEO ownership	0.03%
Management average tenure	2.8yrs
Board average tenure	4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Leah Weckert's remuneration changed compared to Coles Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$5m	AU$2m	AU$1b
Dec 31 2023	n/a	n/a	AU$1b
Sep 30 2023	n/a	n/a	AU$1b
Jun 25 2023	AU$3m	AU$1m	AU$1b
Jan 01 2023	n/a	n/a	AU$1b
Oct 01 2022	n/a	n/a	AU$1b
Jun 26 2022	AU$3m	AU$960k	AU$1b
Mar 26 2022	n/a	n/a	AU$1b
Jan 02 2022	n/a	n/a	AU$998m
Oct 02 2021	n/a	n/a	AU$1b
Jun 27 2021	AU$3m	AU$928k	AU$1b
Mar 27 2021	n/a	n/a	AU$1b
Jan 03 2021	n/a	n/a	AU$1b
Oct 03 2020	n/a	n/a	AU$1b
Jun 28 2020	AU$3m	AU$900k	AU$978m
Mar 28 2020	n/a	n/a	AU$1b
Jan 05 2020	n/a	n/a	AU$1b
Oct 05 2019	n/a	n/a	AU$1b
Jun 30 2019	AU$2m	AU$687k	AU$1b

Compensation vs Market: Leah's total compensation ($USD3.05M) is below average for companies of similar size in the Australian market ($USD4.45M).

Compensation vs Earnings: Leah's compensation has increased by more than 20% in the past year.

CEO

Leah Weckert (45 yo)

1.5yrs

Tenure

AU$4,692,669

Compensation

Ms. Leah Weckert, BEng (Hons), BSc, MBA, GAICD, serves as CEO, MD and Director at Coles Group Limited since May 01, 2023. She served as Chief Executive of Commercial & Express at Coles Group Limited since...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Leah Weckert	CEO, MD & Director	1.5yrs	AU$4.69m	0.031% A$ 7.6m
Sharbel Elias	Chief Financial Officer	2.8yrs	AU$2.83m	0.0016% A$ 397.8k
Matthew Swindells	Chief Operations & Sustainability Officer	5.8yrs	AU$3.69m	0.010% A$ 2.5m
Anna Croft	Chief Commercial Officer	less than a year	AU$1.50m	no data
John Cox	Chief Technology Officer	3.8yrs	no data	no data
Mark Howell	General Manager of Investor Relations	no data	no data	no data
David Brewster	Chief Legal & Safety Officer	no data	no data	no data
Kris Webb	Chief People Officer	no data	no data	no data
Ben Hassing	Chief Digital Officer	4.5yrs	no data	no data
Michael Courtney	Chief Executive of Liquor	1.8yrs	no data	no data
Amanda McVay	Chief Customer Officer	1.8yrs	no data	no data
Daniella Pereira	Group Company Secretary	6yrs	no data	no data

2.8yrs

Average Tenure

Experienced Management: COL's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Leah Weckert	CEO, MD & Director	1.5yrs	AU$4.69m	0.031% A$ 7.6m
Richard Freudenstein	Independent Non-Executive Director	6yrs	AU$281.50k	0.0019% A$ 453.6k
James Graham	Independent Non-Executive Chairman	6yrs	AU$695.62k	0.016% A$ 3.9m
Andrew Penn AO	Independent Non-Executive Director	less than a year	AU$166.92k	0.0019% A$ 453.6k
Peter Allen	Non-Executive Director	less than a year	no data	0.0015% A$ 363.8k
Scott Anthony Price	Independent Non-Executive Director	2.1yrs	AU$253.00k	0.0016% A$ 380.8k
Terence Bowen	Independent Non-Executive Director	2.1yrs	AU$253.68k	0.0012% A$ 300.8k
Abigail Cleland	Independent Non-Executive Director	6yrs	AU$253.46k	0.0015% A$ 359.0k
Jacqueline Chow	Independent Non Executive Director	6yrs	AU$253.68k	0.0015% A$ 363.8k
Wendy Stops	Non-Executive Independent Director	6yrs	AU$253.00k	0.0026% A$ 635.5k

4.0yrs

Average Tenure

60yo

Average Age

Experienced Board: COL's board of directors are considered experienced (4 years average tenure).

Coles Group Management

Management criteria checks 3/4

Key information

Recent management updates

High number of new directors

Coles Group Limited, Annual General Meeting, Nov 12, 2024

Coles Group Limited Announces the Appointment of Peter Allen as a Non-Executive Director, Effective 1 September 2024

Coles Group Limited Appoints Andrew Richard Penn as Director

Coles Group Limited Appoints Andrew Penn AO as Non-Executive Director and Chairman of Audit and Risk Committee, Effective 1 December 2023

Coles Group Limited Announces Board Changes

Recent updates

High number of new directors

Coles Group Limited, Annual General Meeting, Nov 12, 2024

Final dividend of AU$0.32 announced

Full year 2024 earnings released: EPS: AU$0.85 (vs AU$0.78 in FY 2023)

Now 20% undervalued

Coles Group Limited Announces the Appointment of Peter Allen as a Non-Executive Director, Effective 1 September 2024

Coles Group Limited (ASX:COL) completed the acquisition of Two automated milk processing facilities of Saputo Dairy Australia for approximately AUD 110 million.

Now 20% undervalued

Now 21% undervalued

First half dividend of AU$0.36 announced

First half 2024 earnings released: EPS: AU$0.45 (vs AU$0.46 in 1H 2023)

Coles Group Limited to Report Fiscal Year 2024 Results on Aug 27, 2024

Coles Group Limited Appoints Andrew Richard Penn as Director

Coles Group Limited Appoints Andrew Penn AO as Non-Executive Director and Chairman of Audit and Risk Committee, Effective 1 December 2023

Coles Group Limited Announces Board Changes

Upcoming dividend of AU$0.30 per share at 4.1% yield

Coles Group Limited, Annual General Meeting, Nov 03, 2023

Full year 2023 earnings released: EPS: AU$0.78 (vs AU$0.79 in FY 2022)

Coles Group Limited Announces the Retirement of David Cheesewright as Director

First half 2023 earnings released: EPS: AU$0.48 (vs AU$0.41 in 1H 2022)

Coles Group Limited to Report Fiscal Year 2023 Results on Aug 22, 2023

Coles Group to Launch SECOS MyEcoBag in 770 Retail Stores Across Australia

Coles Group Limited Appoints Terry Bowen and Scott Price as Directors

Coles Group Limited to Report First Half, 2023 Results on Feb 21, 2023

Non-Executive Independent Director recently bought AU$167k worth of stock

Viva Energy Group Limited (ASX:VEA) entered into a binding agreement to acquire Fuel and Convenience Retailing Business from Coles Group Limited (ASX:COL) for AUD 300 million.

Coles Group Limited Appoint New Non-Executive Directors

Full year 2022 earnings released: EPS: AU$0.79 (vs AU$0.75 in FY 2021)

Coles Group Limited Declares Fully-Franked Final Dividend, Payable on September 28, 2022

Metcash, Coles Reportedly Exit Food Fight

Quadrant Reportedly Pushing Ahead with Sale Plans for Superior Food Services

Insufficient new directors

An unknown buyer acquired a 2.1% stake in Coles Group Limited (ASX:COL) from Wesfarmers Limited (ASX:WES).

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Coles Group Limited Announces Fully Franked Ordinary Dividend for the Six Months Period Ended January 2, 2022, Payable on March 31, 2022

Full year 2021 earnings released: EPS AU$0.75 (vs AU$0.73 in FY 2020)

First half 2021 earnings released: EPS AU$0.42 (vs AU$0.37 in 1H 2020)

New 90-day low: AU$17.26

Revenue misses expectations

Coles Group Limited to Report First Half, 2021 Results on Feb 17, 2021

New 90-day high: AU$18.75

Coles Group Limited Announces Executive Changes

Non-Executive Director recently bought AU$92k worth of stock

Earnings released

New 90-day high - AU$18.20

Coles Group Limited to Report Fiscal Year 2020 Results on Aug 18, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age