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Wesfarmers Limited ( (AU:WES) ) has provided an update.
Wesfarmers Limited announced a leadership transition at Officeworks, with Sarah Hunter stepping down as Managing Director in August 2025, to be succeeded by John Gualtieri, the current CEO of Kmart and Target. This transition is seen as a strategic move to leverage Gualtieri’s extensive retail experience to drive Officeworks’ next phase of growth, focusing on strengthening omnichannel customer experiences and expanding technology and business-to-business operations.
The most recent analyst rating on (AU:WES) stock is a Hold with a A$69.00 price target. To see the full list of analyst forecasts on Wesfarmers Limited stock, see the AU:WES Stock Forecast page.
More about Wesfarmers Limited
Wesfarmers Limited is a diversified corporation with operations in various sectors including retail, chemicals, fertilizers, and industrial and safety products. Officeworks, a part of Wesfarmers, is a leading supplier of office products and solutions, focusing on enhancing customer experience through omnichannel strategies and expanding business-to-business operations.
YTD Price Performance: 17.52%
Average Trading Volume: 1,534,644
Technical Sentiment Signal: Buy
Current Market Cap: A$94.21B
For a thorough assessment of WES stock, go to TipRanks’ Stock Analysis page.