AUS: Coles appoints Scott finance chief

By Michelle Russell | 21 January 2013

Scott joined parent firm Wesfarmers in 1993

Scott joined parent firm Wesfarmers in 1993

Australian supermarket group Coles has appointed Rob Scott as its finance chief.

Scott, currently managing director of Wesfarmers Insurance, will take up the finance director role from February. He replaces the outgoing Tony Buffin who has accepted a senior role with Travis Perkins.

Scott joined parent firm Wesfarmers in 1993 and then left to take up an investment banking and financial services role with Deutsche Bank in Australia and Asia before rejoined Wesfarmers in business development in 2004. He was appointed MD of Wesfarmers Insurance in 2007.

Anthony Gianotti, finance director of Wesfarmers Insurance, will take on Scott's role on a temporary basis until a permanent replacement is found.

Wesfarmers' MD Richard Goyder said the executive changes reflect the "strength and depth" of the management team across the Wesfarmers group.

Show the press release

Wesfarmers announced today that the current Managing Director of Wesfarmers Insurance, Rob Scott, will become Finance Director of Coles.
Wesfarmers' Managing Director Richard Goyder said Mr Scott has performed extremely well in significantly improving the operational performance of the Insurance division and establishing a strong platform for future earnings growth. He has done this against the backdrop of what was an extremely challenging period for the entire insurance industry.
"Rob has demonstrated exceptional financial skills and business leadership," Mr Goyder said. "That experience will enable him to make a significant contribution to continued performance improvement within the Coles businesses, and will bring further commercial capability to Ian McLeod's leadership team."
Rob Scott first joined Wesfarmers in 1993. He also has experience in investment banking and financial services with Deutsche Bank in Australia and Asia. He rejoined Wesfarmers in business development in 2004 and was appointed Managing Director of Wesfarmers Insurance in 2007. He has been a director and president of the Insurance Council of Australia. He is dual Olympian in the sport of rowing and was a silver medallist at the Atlanta Olympics.
Rob will move to his new role at Coles in February. Rob's replacement as head of Wesfarmers' Insurance division, on an acting basis, will be Anthony Gianotti, currently Finance Director in that division, while a process is undertaken to choose a permanent replacement.
Mr Goyder said the executive changes reflect the strength and depth of the management team across the Wesfarmers group.
Coles Managing Director, Ian McLeod, welcomed Rob Scott as part of the Coles leadership team: "I am delighted that Rob will be joining Coles as Finance Director. Rob was selected as the leading candidate after an extensive internal and external search because he has the best credentials to oversee Coles' finance, IT and property functions and our growing and increasingly important financial services business."
The appointment follows the decision by outgoing Coles Finance Director, Tony Buffin to accept a senior role with Travis Perkins, a top 50 listed company in the United Kingdom. Mr McLeod said: "Tony has made a strong contribution to the Coles turnaround. I wish Tony and his young family well as he enters another phase in his career."

Original source: Wesfarmers

Sectors: Retail

Companies: Coles

View next/previous articles

Currently reading -

AUS: Coles appoints Scott finance chief

There are currently no comments on this article

Be the first to comment on this article

Related research

Food Retail in Australia

Food Retail in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including key fin...

Market Focus: Trends and Developments in the Bakery & Cereals Sector in Australia

This report provides a concise overview of the Bakery & Cereals market in Australia. After reading this report, you will understand the size of the market, the economic, demographic, and behavioural trends that will drive its evolution and the leadin...

Baked Goods in Australia

Everyday low prices have been the order of the day in 2011-2012 at the major supermarket retailers, Coles and Woolworths, ever since the introduction of A$1 per litre private label milk in late January 2011. Bread proved to be the next essential to h...

Related articles

AUS: Spring Gully Foods out of administration

Australian condiments firm Spring Gully Foods has left administration after creditors backed a rescue plan.

AUS: Coles fined for "misleading" country-of-origin claims

Coles, Australia's second-largest grocer, has paid fines totalling more than A$60,000 for alleged misleading country-of-origin claims.

AUS: Supplier profits below international rivals - study

The profitability of food and grocery suppliers operating in Australia is "significantly below" international competitors, a report has claimed.

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page