Original article by Sue Mitchell
The Australian Financial Review – Page: 15 & 20 : 12-May-15
Wesfarmers has downplayed concerns about the appropriateness of its decision to appoint former MD Michael Chaney to the post of chairman. Chaney himself says Wesfarmers has changed significantly since he stepped down in 2007. He adds that a priority will be to look after the interests of long-term shareholders rather than hedge funds and investors who are short-term stockholders. Chaney will succeed Bob Every in November 2015.
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