Wesfarmers Management

Management criteria checks 4/4

Wesfarmers' CEO is Rob Scott, appointed in Nov 2017, has a tenure of 6.42 years. total yearly compensation is A$8.18M, comprised of 28.4% salary and 71.6% bonuses, including company stock and options. directly owns 0.038% of the company’s shares, worth €17.42M. The average tenure of the management team and the board of directors is 7.8 years and 5.6 years respectively.

Key information

Rob Scott

Chief executive officer

AU$8.2m

Total compensation

CEO salary percentage	28.4%
CEO tenure	6.4yrs
CEO ownership	0.04%
Management average tenure	7.8yrs
Board average tenure	5.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rob Scott's remuneration changed compared to Wesfarmers's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	AU$3b
Sep 30 2023	n/a	n/a	AU$2b
Jun 30 2023	AU$8m	AU$2m	AU$2b
Mar 31 2023	n/a	n/a	AU$2b
Dec 31 2022	n/a	n/a	AU$3b
Sep 30 2022	n/a	n/a	AU$2b
Jun 30 2022	AU$8m	AU$2m	AU$2b
Mar 31 2022	n/a	n/a	AU$2b
Dec 31 2021	n/a	n/a	AU$2b
Sep 30 2021	n/a	n/a	AU$2b
Jun 30 2021	AU$7m	AU$2m	AU$2b
Mar 31 2021	n/a	n/a	AU$2b
Dec 31 2020	n/a	n/a	AU$2b
Sep 30 2020	n/a	n/a	AU$2b
Jun 30 2020	AU$8m	AU$2m	AU$2b
Mar 31 2020	n/a	n/a	AU$2b
Dec 31 2019	n/a	n/a	AU$2b
Sep 30 2019	n/a	n/a	AU$2b
Jun 30 2019	AU$7m	AU$2m	AU$2b
Mar 31 2019	n/a	n/a	AU$2b
Dec 31 2018	n/a	n/a	AU$2b
Sep 30 2018	n/a	n/a	AU$2b
Jun 30 2018	AU$7m	AU$2m	AU$1b
Dec 31 2017	n/a	n/a	AU$2b
Sep 30 2017	n/a	n/a	AU$2b
Jun 30 2017	AU$6m	AU$2m	AU$3b

Compensation vs Market: Rob's total compensation ($USD5.37M) is about average for companies of similar size in the German market ($USD5.66M).

Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.

CEO

Rob Scott (53 yo)

6.4yrs

Tenure

AU$8,175,399

Compensation

Mr. Robert G. Scott, also known as Rob, has been Managing Director, Chief Executive Officer and Executive Director of Wesfarmers Limited since November 16, 2017. Mr. Scott served as Deputy Chief Executive...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robert Scott	MD, CEO & Director	6.4yrs	AU$8.18m	0.038% A$ 17.4m
Anthony Gianotti	Chief Financial Officer	6.4yrs	AU$4.64m	0.048% A$ 21.7m
Ian Bailey	Managing Director of Kmart	8.2yrs	AU$5.38m	0.024% A$ 10.9m
Michael Schneider	MD of Bunnings Group and MD of Bunnings Australia & New Zealand	8.1yrs	AU$5.52m	0.031% A$ 14.0m
Simon Edmonds	Manager of Investor Relations	no data	no data	no data
Maya vanden Driesen	Group General Counsel	9.3yrs	no data	no data
Rebecca Keenan	Media & Public Affairs Manager	no data	no data	no data
Jennifer Bryant	Chief Human Resources Officer	7.5yrs	no data	no data
Ian Hansen	MD of Wesfarmers Chemicals	7.8yrs	no data	no data
Tim Bult	Managing Director of Industrial & Safety	8.7yrs	no data	no data
Marina Joanou	Managing Director of Target	no data	no data	no data
Aleksandra Spaseska	Chief Financial Officer of Kmart Group	4.1yrs	no data	no data

7.8yrs

Average Tenure

53yo

Average Age

Experienced Management: WF3's management team is seasoned and experienced (7.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert Scott	MD, CEO & Director	6.4yrs	AU$8.18m	0.038% A$ 17.4m
Michael Chaney	Independent Non Executive Chairman	8.8yrs	AU$786.12k	0.0077% A$ 3.5m
Alison Watkins	Independent Non-Executive Director	2.6yrs	AU$270.00k	0.00079% A$ 360.4k
Alan Cransberg	Independent Non-Executive Director	2.5yrs	AU$270.00k	0.00039% A$ 177.9k
Anil Sabharwal	Independent Non Executive Director	3.2yrs	AU$280.00k	0.00057% A$ 260.0k
Sharon Warburton	Independent Non-Executive Director	4.7yrs	AU$310.00k	0.00066% A$ 301.1k
Vanessa Wallace	Independent Non-Executive Director	13.8yrs	AU$270.00k	0.0012% A$ 561.1k
Simon English	Independent Non-Executive Director	6yrs	AU$280.00k	0.00047% A$ 214.4k
Jennifer Westacott	Independent Non-Executive Director	11yrs	AU$280.00k	0.00060% A$ 273.7k
Michael Roche	Independent Non-Executive Director	5.2yrs	AU$300.00k	0.00053% A$ 241.8k

5.6yrs

Average Tenure

60.5yo

Average Age

Experienced Board: WF3's board of directors are considered experienced (5.6 years average tenure).

Wesfarmers Management

Management criteria checks 4/4

Key information

Recent management updates

Wesfarmers Limited, Annual General Meeting, Oct 31, 2024

Wesfarmers Limited Announces Management Changes

MD, CEO & Director recently sold €5.5m worth of stock

Wesfarmers Limited, Annual General Meeting, Oct 26, 2023

Wesfarmers Limited, Annual General Meeting, Oct 27, 2022

Less than half of directors are independent

Recent updates

Wesfarmers Reportedly Runs the Ruler over Ramsay Health Care

First half dividend of AU$0.91 announced

Wesfarmers Limited Announces Dividend for the Six Months Ended December 31, 2023, Payable on March 27, 2024

First half 2024 earnings released: EPS: AU$1.26 (vs AU$1.22 in 1H 2023)

Wesfarmers Limited, Annual General Meeting, Oct 31, 2024

Now 20% undervalued

TPG Capital Reportedly Tests Buyer Interest for the $3.5 Billion-Plus Greencross

Full year 2023 earnings released: EPS: AU$2.18 (vs AU$2.08 in FY 2022)

Wesfarmers Limited Announces Dividend for the Six Months Ended June 30, 2023, Payable on October 5, 2023

Wesfarmers Limited Announces Management Changes

Wesfarmers Reportedly Among Suitors for Alinta Assets

MD, CEO & Director recently sold €5.5m worth of stock

First half 2023 earnings released: EPS: AU$1.22 (vs AU$1.07 in 1H 2022)

Wesfarmers Limited, Annual General Meeting, Oct 26, 2023

Wesfarmers Limited to Report Q2, 2023 Results on Feb 15, 2023

Wesfarmers Limited to Report Fiscal Year 2023 Results on Aug 25, 2023

Wesfarmers Limited Announces Ordinary Fully Franked Dividend for the Period of Six Months Ended June 20, 2022, Payable on October 6, 2022

Full year 2022 earnings released: EPS: AU$2.08 (vs AU$2.10 in FY 2021)

Wesfarmers Limited, Annual General Meeting, Oct 27, 2022

Less than half of directors are independent

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

JB Hi-Fi Reportedly Enters the Jaycar Race

Non Executive Director recently bought €162k worth of stock

Non-Executive Director recently bought €51k worth of stock

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

Wesfarmers Limited Announces Dividend for the Six Months Ended December 31, 2021, Payable on March 30, 2022

Wesfarmers Limited Provides Preliminary Earnings Guidance for the Half Year Ended December 31, 2021

Upcoming dividend of AU$2.00 per share

Less than half of directors are independent

Independent Non-Executive Director recently bought €70k worth of stock

Director Sharon Warburton has joined 5th company board

Director Sharon Warburton has joined 5th company board

Director Sharon Warburton has joined 5th company board

Director Sharon Warburton has joined 5th company board

Director Sharon Warburton has joined 5th company board

Director Sharon Warburton has joined 5th company board

Full year 2021 earnings released: EPS AU$2.10 (vs AU$1.43 in FY 2020)

Wesfarmers, Brookfield Eye Icon

Wesfarmers Limited, Annual General Meeting, Oct 21, 2021

First half 2021 earnings released: EPS AU$1.23 (vs AU$1.00 in 1H 2020)

Revenue misses expectations

Wesfarmers Limited and Sociedad Química y Minera de Chile S.A. Announces Joint Approval of Mt Holland Lithium Project Final Investment Decision

New 90-day high: €35.32

Wesfarmers Limited Appoints Anil Sabharwal as Director

New 90-day high: €33.36

New 90-day high: €32.33

Wesfarmers Limited to Report First Half, 2021 Results on Feb 18, 2021

Wesfarmers Limited Announces Appointment of Anil Sabharwal to the Board

New 90-day high: €30.94

New 90-day high: €30.85

Wesfarmers Limited Announces Retirement of Diane Smith-Gander AO as Non-Executive Director

Wesfarmers Limited Not Provides Earnings Guidance for the Financial Year of 2021

Full year earnings released - EPS €1.43

New 90-day high - €29.16

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age