Trevor Eastwood
Encyclopedia
Trevor Eastwood AM
was the CEO of the large Australian corporation Wesfarmers
Ltd from 1984 to 1992 and its chairman from 2002 to 2008. After graduating BEng
at the University of Western Australia
, he joined Wesfarmers in 1963 as a cadet engineer and was associated with the company for over 45 years. In July 2008, he announced his impending retirement,which took place on 13 November 2008, when he was replaced by Mr Bob Every
He was also a director of Qantas
and West Australian Newspapers
.
In July 2007, Eastwood authorised the biggest takeover in Australian financial history—Wesfarmers' acquisition of Coles Myer Limited
. In February 2008, he entered a public controversy over alleged excessive remuneration of corporate executives, declaring Wesfarmers chief executive Michael Chaney's $7.9 million pay cheque as "outrageous", and reducing it. He later reminded shareholders that they could vote to remove directors who endorsed executive greed and, in May 2009, told a company directors’ forum that incentives should be abolished altogether.
Order of Australia
The Order of Australia is an order of chivalry established on 14 February 1975 by Elizabeth II, Queen of Australia, "for the purpose of according recognition to Australian citizens and other persons for achievement or for meritorious service"...
was the CEO of the large Australian corporation Wesfarmers
Wesfarmers
Wesfarmers Limited is one of Australia’s largest public companies and one of Australia's largest retailers. Its headquarters are in Perth, Western Australia....
Ltd from 1984 to 1992 and its chairman from 2002 to 2008. After graduating BEng
Bachelor of Engineering
The Bachelor of Engineering is an undergraduate academic degree awarded to a student after three to five years of studying engineering at universities in Armenia, Australia, Bangladesh, Bulgaria, Canada, China, Denmark, Egypt, Finland , Germany, Hong Kong, India, Indonesia, Ireland, Jordan, Korea,...
at the University of Western Australia
University of Western Australia
The University of Western Australia was established by an Act of the Western Australian Parliament in February 1911, and began teaching students for the first time in 1913. It is the oldest university in the state of Western Australia and the only university in the state to be a member of the...
, he joined Wesfarmers in 1963 as a cadet engineer and was associated with the company for over 45 years. In July 2008, he announced his impending retirement,which took place on 13 November 2008, when he was replaced by Mr Bob Every
He was also a director of Qantas
Qantas
Qantas Airways Limited is the flag carrier of Australia. The name was originally "QANTAS", an initialism for "Queensland and Northern Territory Aerial Services". Nicknamed "The Flying Kangaroo", the airline is based in Sydney, with its main hub at Sydney Airport...
and West Australian Newspapers
The West Australian
The West Australian is the only locally-edited daily newspaper published in Perth, Western Australia, and is owned by ASX-listed Seven West Media . The West is published in tabloid format, as is the state's other major newspaper, The Sunday Times, a News Limited publication...
.
In July 2007, Eastwood authorised the biggest takeover in Australian financial history—Wesfarmers' acquisition of Coles Myer Limited
Coles Group
Coles Group Limited was an Australian public company that operated numerous retail chains. It was Australia's second-largest retailer, behind Woolworths Limited...
. In February 2008, he entered a public controversy over alleged excessive remuneration of corporate executives, declaring Wesfarmers chief executive Michael Chaney's $7.9 million pay cheque as "outrageous", and reducing it. He later reminded shareholders that they could vote to remove directors who endorsed executive greed and, in May 2009, told a company directors’ forum that incentives should be abolished altogether.