How Coles became a strong link in Wesfarmers' chain

Coles' historic double-digit return on capital is testament to Ian McLeod's focus on investment and retailing basics. His new role will be pivotal in creating long-term value for shareholders.

Whether it was serendipity or not, the proximity of the announcement of Ian McLeod’s shift out of the chief executive role at Coles and the supermarket group’s achievement of a major milestone in its history within the Wesfarmers group creates a neat punctuation point in Coles’ turnaround.

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