Stuart Machin resigns from Wesfarmers

Kym Sheehan

The Executive Remuneration Reporter

Stuart Machin, MD of Target, has resigned from Wesfarmers today. The ASX announcement released this evening quotes Machin as saying 'Latterly, I have been dismayed to learn of the accounting issues at the half year. I was not aware of these but they happened on my watch and as MD I must accept my share of the responsibility. The right thing is now for me to move on.' Wesfarmers' announcement indicates its investigation into Target's accounting for commercial income as at 31 December 2015 will soon be finalised.


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Kym Sheehan
Kym Sheehan
The Executive Remuneration Reporter

With a background in human resources, executive search and corporate law, Kym Sheehan brings unique perspectives on corporate governance and meeting resolutions to her work for The Executive Remuneration Reporter. The Executive Remuneration...

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