Richard Allert appears to have emerged the frontrunner to replace Stan Wallis, the controversial outgoing chairman of Australian retailer Coles Myer.
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A board faction has been calling for Wallis to resign with immediate effect rather than after the AGM in November as planned, but he yesterday [Wednesday] succeeded in securing his position until his planned departure.
Sources close to Coles told Reuters that Allert, a director at the company and an accountant by trade, is the clear frontrunner, although he has not yet confirmed he is interested in the position.
