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.

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