John Fletcher
Leading through Leading through ChangeChange
• 138 years old• Australian company providing industrial services
• Sales in 2001 $4.0 billion• Operated in over 30 countries• 40,000 people worldwide
$10$15$20$25$30$35$40$45$50$55
1993 1994 1995 1996 1997 1998 1999 2000 2001
Average Annual total shareholders return 41%
Share Price
• Coles and Myer merged in 1985• Long history as an Australian icon• Sales in 2007 $35 billion• 165,000 people
Stable of key brands
Average Annual total shareholders return 31%