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Richard Goyder AO will step down as Managing Director of Wesfarmers Limited on 16 November 2017 after more than 12 years in the role and 24 years with the Perth-based conglomerate. His term as Managing Director included the acquisition of the Coles Group in 2007, which made Wesfarmers one of Australia’s 10 largest companies and the country’s largest private sector employer. In addition to Coles, Wesfarmers’ retail businesses include Bunnings, Kmart, Target and Officeworks while its Industrials Division has businesses in chemicals, energy and fertilisers, industrial and safety products and coal.
Since Richard’s impending retirement as Wesfarmers CEO was announced in February, he has been appointed to a number of non-executive director positions with some of Australia’s most high profile companies and institutions. He became Chairman of the Australian Football League Commission in April 2017 and joined the Board of Woodside Petroleum Ltd in August 2017 as a non-executive director and Chairman-elect. He will join the Board of Qantas Airways Ltd in October 2017 (subject to shareholder approval at the Qantas AGM). Outside the corporate sector, he has been Chairman of the Juvenile Diabetes Research Foundation (JDRF) Board since June 2016 and is also the Co-Chairman of the JDRF Australia Advisory Board.
In February 2013, Richard was appointed Chairman of Australia B20, the key business advisory body to the G20 international economic forum during Australia’s 2014 Presidency of the G20.
Richard holds a Bachelor of Commerce degree and has been awarded the Honorary Degree of Doctor of Commerce from The University of Western Australia. He completed the Advanced Management Program at the Harvard Business School in 1998. He is a Fellow of AICD.
Richard was made an Officer of the Order of Australia in 2013 for distinguished service to business through executive roles and through the promotion of corporate sponsorship of the arts and Indigenous programs, and to the community.