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Wesfarmers appoints new managing director

Australian retail conglomerate Wesfarmers Ltd. on Feb. 14 announced the appointment of Rob Scott as new managing director.

Scott will assume the role at the conclusion of the retail conglomerate's annual meeting in November. He will succeed Richard Goyder, who will step down at the end of the year after spending more than 12 years as managing director.

Scott was also appointed as deputy CEO, effective immediately. He will hold his current position as head of Wesfarmers' industrials division until July 1.