Wesfarmers announced today that Bunnings CEO, John Gillam, is stepping down as Managing Director of Bunnings after 12 years in the role.
With almost 20 years’ experience with Wesfarmers, as Bunnings CFO, Wesfarmers Group Company Secretary and MD of CSBP, not to mention Chairman of Officeworks, Gillam will continue to support the Bunnings business in an advisory role.
He will also continue to chair the Bunnings Group Council, set up during the Homebase acquisition to coordinate Bunnings activity across all markets, and will also join the Bunnings United Kingdom & Ireland advisory board.
In a new, flatter structure, Bunnings ANZ Managing Director, Mike Schneider, and Bunnings UK & Ireland Managing Director, Peter “PJ” Davis, will now report directly to Wesfarmers Managing Director, Richard Goyder.
Goyder says the 50 year-old Gillam has been a massive contributor to the company over a long period of time.
“In every role he has been outstanding and left an indelible and positive legacy. His performance at the helm of Bunnings has seen him now recognised as one of Australia’s leading retailers and Bunnings is now a national institution.”
Indeed, the Aussie media have quickly labelled the loss of "Australia's best retail boss" and the "hardware king" a major negative for Wesfarmers, for whom Bunnings has been a positive cornerstone for the last few reporting periods.