Management criteria checks 4/4
Coles Group's CEO is Leah Weckert, appointed in May 2023, has a tenure of less than a year. total yearly compensation is A$3.30M, comprised of 35.1% salary and 64.9% bonuses, including company stock and options. directly owns 0.026% of the company’s shares, worth A$5.76M. The average tenure of the management team and the board of directors is 3.2 years and 5.3 years respectively.
Key information
Leah Weckert
Chief executive officer
AU$3.3m
Total compensation
| CEO salary percentage | 35.1% |
| CEO tenure | less than a year |
| CEO ownership | 0.03% |
| Management average tenure | 3.2yrs |
| Board average tenure | 5.3yrs |
Recent management updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | AU$1b |
| Sep 30 2023 | n/a | n/a | AU$1b |
| Jun 25 2023 | AU$3m | AU$1m | AU$1b |
| Jan 01 2023 | n/a | n/a | AU$1b |
| Oct 01 2022 | n/a | n/a | AU$1b |
| Jun 26 2022 | AU$3m | AU$960k | AU$1b |
| Mar 26 2022 | n/a | n/a | AU$1b |
| Jan 02 2022 | n/a | n/a | AU$998m |
| Oct 02 2021 | n/a | n/a | AU$1b |
| Jun 27 2021 | AU$3m | AU$928k | AU$1b |
| Mar 27 2021 | n/a | n/a | AU$1b |
| Jan 03 2021 | n/a | n/a | AU$1b |
| Oct 03 2020 | n/a | n/a | AU$1b |
| Jun 28 2020 | AU$3m | AU$900k | AU$978m |
| Mar 28 2020 | n/a | n/a | AU$1b |
| Jan 05 2020 | n/a | n/a | AU$1b |
| Oct 05 2019 | n/a | n/a | AU$1b |
| Jun 30 2019 | AU$2m | AU$687k | AU$1b |
Compensation vs Market: Leah's total compensation ($USD2.19M) is below average for companies of similar size in the Australian market ($USD4.07M).
Compensation vs Earnings: Leah's compensation has been consistent with company performance over the past year.
CEO
Leah Weckert (44 yo)
less than a year
Tenure
AU$3,302,579
Compensation
Ms. Leah Weckert, BEng (Hons), BSc, MBA, GAICD, serves as CEO, MD and Director at Coles Group Limited since May 01, 2023. She served as Chief Executive of Commercial & Express at Coles Group Limited since...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | less than a year | AU$3.30m | 0.026% A$ 5.8m | |
| Chief Financial Officer | 2.1yrs | AU$2.55m | 0.00065% A$ 145.2k | |
| Chief Operations & Sustainability Officer | 5.2yrs | AU$2.79m | 0.011% A$ 2.4m | |
| Chief Technology Officer | 3.2yrs | no data | no data | |
| General Manager of Investor Relations | no data | no data | no data | |
| Chief Legal & Safety Officer | no data | no data | no data | |
| Chief People Officer | no data | no data | no data | |
| Chief Digital Officer | 3.8yrs | no data | no data | |
| Chief Executive of Liquor | 1.2yrs | no data | no data | |
| Chief Customer Officer | 1.2yrs | no data | no data | |
| Group Company Secretary | 5.3yrs | no data | no data | |
| Advisor to the Board | no data | no data | no data |
3.2yrs
Average Tenure
Experienced Management: COL's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | less than a year | AU$3.30m | 0.026% A$ 5.8m | |
| Independent Non-Executive Director | 5.3yrs | AU$275.00k | 0.0019% A$ 419.8k | |
| Independent Non-Executive Chairman | 5.3yrs | AU$695.24k | 0.016% A$ 3.6m | |
| Non-Executive Director | less than a year | no data | 0.0019% A$ 419.8k | |
| Independent Non-Executive Director | 1.4yrs | AU$185.25k | 0.0016% A$ 352.8k | |
| Independent Non-Executive Director | 1.4yrs | AU$185.46k | 0.0012% A$ 276.9k | |
| Independent Non-Executive Director | 5.3yrs | AU$247.90k | 0.0015% A$ 332.7k | |
| Independent Non Executive Director | 5.3yrs | AU$247.58k | 0.0015% A$ 335.0k | |
| Non-Executive Independent Director | 5.3yrs | AU$247.68k | 0.0026% A$ 587.3k |
5.3yrs
Average Tenure
58yo
Average Age
Experienced Board: COL's board of directors are considered experienced (5.3 years average tenure).
