tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Wesfarmers Announces Chairman Succession Plan

Story Highlights
  • Ken MacKenzie will succeed Michael Chaney as Wesfarmers Chairman in 2026.
  • MacKenzie aims to uphold Wesfarmers’ legacy of shareholder value and disciplined capital allocation.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Wesfarmers Announces Chairman Succession Plan

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Wesfarmers Limited ( (AU:WES) ) has issued an announcement.

Wesfarmers Limited has announced the succession of its Chairman, with Ken MacKenzie set to succeed Michael Chaney following the 2026 Annual General Meeting. MacKenzie, who brings extensive experience from his previous roles at BHP Group Limited and Amcor Limited, is expected to continue Wesfarmers’ legacy of disciplined capital allocation and shareholder value creation. Chaney’s retirement marks the end of a distinguished career at Wesfarmers, where he played a pivotal role in transforming the company into a major player in the Australian market.

The most recent analyst rating on (AU:WES) stock is a Hold with a A$84.00 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 conglomerate based in Australia, operating across various industries including retail, chemicals, fertilizers, and industrials. It is one of the largest companies in Australia, known for its focus on delivering satisfactory returns to shareholders through financial discipline and stakeholder engagement.

Average Trading Volume: 1,447,691

Technical Sentiment Signal: Buy

Current Market Cap: A$103.7B

Learn more about WES stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1