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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.