The Coles Group’s CEO and Managing Director is Leah Wickert. The position became hers in May 2023. Leah joined Coles in 2011 and has since played a key role. She has a background in both retail and finance.
Weckert has occupied several high-level roles in the organization, such as Chief Executive of Commercial and Express, where she oversaw Coles Express Businesses and supermarkets.
Leah gained invaluable experience advising big customers and business strategies throughout her tenure at McKinsey & Company and Foster’s Group before joining Coles.
She graduated from Adelaide University with a degree in science and engineering and an MBA from Harvard Business School.
In addition to her career achievements, Leah loves spending time with her spouse and their two kids.
Weckert’s leadership at Coles is distinguished by her wealth of knowledge, astute strategic vision, and unwavering dedication to propelling the business’s prosperity.
Salary of Leah Weckert
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Leah Weckert’s pay demonstrates how valuable she is to her esteemed employer.
Coles Group pays its CEO and Managing Director AU $3.30 million in salary per year.
This is made up of a 35.1% pay component and a 64.9% bonus component that includes corporate stock and options.
Furthermore, the CEO directly owns 0.026% of the company’s shares, or AU $5.51 million, in addition to other shares.
Although the leader has only been in her present position for a little over a year, her pay is commensurate with her breadth of experience and leadership skills in the retail industry.
Her pay is notably lower than the industry average for CEOs of similar Australian companies, demonstrating Coles Group’s dedication to ethical executive compensation.
The focus of the pay-performance alignment is on Leah’s crucial contribution to the company’s success and her stake in its sustained expansion.
What Is Leah Weckert’s CEO Salary at Coles?
As of May 1, Leah Weckert, the first female CEO of the Coles Group, is paid a base compensation of $2 million yearly in addition to numerous incentives.
Furthermore, Weckert has played a pivotal role at Coles since 2011, holding multiple executive roles, such as CFO.
One of Australia’s top 20 companies, Coels, is facing difficulties as inflation pushes up grocery prices, despite early signs of a possible decline in food prices.
Steven Cain, the departing CEO, left a legacy of leading Coles through momentous occasions, including as its demerger from Wesfarneres and adroitly handling interruptions arising from pandemics.
Coles just announced a strong 11.4 percent gain in net profit for the six months ending in December, despite these difficulties.
Interim dividends will grow by 9.1% for the benefit of shareholders. Weckert’s pay is commensurate with her significant contributions to the organization and her experience.
Leah Weckert’s Net Worth
Leah Weckert’s exact net worth has not been made public, however, given her lengthy employment history at Coles and her high salary as CEO, it is reasonable to conclude that she is a multimillionaire.
Additionally, the businesswoman started working at Coles at the tender age of twenty-two and has steadily moved up the corporate ladder by being disciplined and hardworking.
The CEO of Coles persevered and led a disciplined lifestyle despite obstacles like scoliosis during her adolescent years, which helped her succeed.
She makes time for work and personal activities a priority in her daily schedule, making sure she enjoys her hobbies and spends quality time with her family, such as watching drama series on occasion.
Leah demonstrates her great work ethic and drive by her commitment to her career and her ability to overcome obstacles.
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