Coles Group Ltd. named Leah Weckert as its new chief executive officer, the first female to hold the position at the 109-year-old Australian supermarket chain.
(Bloomberg) — Coles Group Ltd. named Leah Weckert as its new chief executive officer, the first female to hold the position at the 109-year-old Australian supermarket chain.
Weckert, who has served on the company’s executive leadership team since 2018, will take over on May 1 when Steven Cain retires, Melbourne-based Coles said Tuesday.
The number of women CEOs among members of Australia’s ASX300 index stalled last year at 18, according to the 2022 Chief Executive Women Senior Executive Census.
Weckert will be paid fixed compensation of A$2 million ($1.4 million) and will also receive short and long-term financial incentives, Coles said.
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