Wesfarmers appoints FMGs co-deputy chair to its board

Company News

by Jessica Amir

Wesfarmers (ASX:WES) has appointed the co-deputy chairman of Fortescue Metals Group (ASX:FMG) Sharon Warburton to its board, with effect 1 August 2019.

She has also been a member of the Takeovers Panel since 2015, which will come in handy as Wesfarmers (ASX:WES) entered into a scheme implementation deed (SID) to buy Kidman Resources (ASX:KDR) for $1.90 cash per share.

Sharon is Perth-based, and has extensive board and executive experience in strategy, operations, finance and risk management, along with expertise in governance and remuneration.

Sharon is currently a non-executive director of Gold Road Resources (ASX:GOR), NEXTDC (ASX:NXT) and WorleyParsons (ASX:WOR). She’s also held senior management roles with Citigroup in Sydney and Rio Tinto (ASX:RIO) in London and Perth.

Sharon was named Telstra Business Woman of the Year in 2014.

Shares Wesfarmers (ASX:WES) closed 0.68 per cent higher at $37.00 yesterday. Year to date it’s trading 14.8 per cent higher.
 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.