Former acting Coles MD to move on at year’s end

Coles, in the early stages of a five year turnaround being orchestrated by a management team full of new blood, is set to lose one of their stalwarts at the end of the year. Mick McMahon, the man who led Coles through its acquisition by Wesfarmers last year and represented the company during ACCC questioning as part of the Grocery Price Inquiry, is to step down at the end of the year, according to reports from Fairfax Media. Currently in the position of Chief Operating Officer of Food, Liquor and Convenience at Australia’s second largest supermarket operator, Mr McMahon informed The Age that he liked the challenge of leading and, with the prospect of that never occurring permanently at Coles, he believed the time was right to move on. “I need a challenge and I like to lead,” Mr McMahon reportedly told The Age. “We have built... [read full story]