Business
Chanticleer: Wesfarmers CEO proves his worth – The Australian Financial Review
Just over three years since Rob Scott took the reins, his track record is best in class. Now all eyes are on how he uses the company’s pristine balance sheet.
Scott could well be one of the first leading CEOs to pick up the baton from government and undertake a large private sector, post-COVID-19 capital investment to create jobs and growth.
His oversight of the conglomerate has delivered some very impressive performance numbers. But more on that later.
When he took over in 2017, Wesfarmers had about $4 billion in net debt and its shares had been lacklustre performers for about four years.
The stock was trading around $30 and fund managers were complaining…
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