Perth-based Wesfarmers said its Chairman Bob Every will step down from the position at this year’s Annual General Meeting in November and be replaced by Michael Chaney .
Chaney will join the company’s Board as Chairman-elect, effective from 1 June this year.
He was Wesfarmers Managing Director from 1992 until 2005 when he was succeeded by serving Managing Director Richard Goyder.
Chaney is currently Chairman of both Woodside and the National Australia Bank, but has announced he will step down from the NAB position at the company’s AGM in December this year.