AFL next CEO

[GVGjr]

I get there is a process to follow but hasn't this dragged on 6 months too long?
It sounds like Goyder's preferred candidate was our President KWW but he was out voted and Andrew Dillon will be the default appointment unless there is a late candidate to consider. It only needs one of the other 4 to change their mind and the job might swing back to KWW so don't rule her out.
Dillon should have got the role months ago.

I've met Goyder and he is both intelligent, stubborn and very capable of a major miscalculation based on over confidence.
I wonder if the appointment will have a Bunnings UK type result for the AFL.

[angelopetraglia]

I get there is a process to follow but hasn't this dragged on 6 months too long?
It sounds like Goyder's preferred candidate was our President KWW but he was out voted and Andrew Dillon will be the default appointment unless there is a late candidate to consider. It only needs one of the other 4 to change their mind and the job might swing back to KWW so don't rule her out.
Dillon should have got the role months ago.

I've met Goyder and he is both intelligent, stubborn and very capable of a major miscalculation based on over confidence.
I wonder if the appointment will have a Bunnings UK type result for the AFL.

Interesting. The Coles acquisition under his watch was probably one of the worst major acquisitions in Australian Corporate history. Destroyed a lot of shareholder value. The timing before the GFC was a disaster. He also was CEO when Bunnings made their disaster of an entry into the UK market.

So he has a number of miscalculations under his belt.

[GVGjr]

Interesting. The Coles acquisition under his watch was probably one of the worst major acquisitions in Australian Corporate history. Destroyed a lot of shareholder value. The timing before the GFC was a disaster. He also was CEO when Bunnings made their disaster of an entry into the UK market.

So he has a number of miscalculations under his belt.

He misunderstood consumers more than anything else based on how successful Bunnings was by not acknowledging that their main competitor back 25 + years ago folded and the rest of the hardware sector was cash strapped and couldn't compete.
The Bunnings business rode on the coat tails of all those home renovation shows and big box hardware stores become popular and year on year double digit sales growth came easy to the business. In other words it came too easy for them and gave Wesfarmers a false sense of their own ability. They never really had any competition and had suppliers wrapped up in a tight bow.
Given Bunnings success he thought that Wesfarmers and their execs understood the retail market when they really didn't.
They did some things exceptionally well but also burned cash along the way with some poor decisions.

I think there is a chance he has misread this process and made it far more complicated than it needed to be.

[angelopetraglia]

He misunderstood consumers more than anything else based on how successful Bunnings was by not acknowledging that their main competitor back 25 + years ago folded and the rest of the hardware sector was cash strapped and couldn't compete.
The Bunnings business rode on the coat tails of all those home renovation shows and big box hardware stores become popular and year on year double digit sales growth came easy to the business. In other words it came too easy for them and gave Wesfarmers a false sense of their own ability. They never really had any competition and had suppliers wrapped up in a tight bow.
Given Bunnings success he thought that Wesfarmers and their execs understood the retail market when they really didn't.
They did some things exceptionally well but also burned cash along the way with some poor decisions.

I think there is a chance he has misread this process and made it far more complicated than it needed to be.

100% agree. It is easy to manage a business when you have a monopoly. Bunnings also benefited from a super strong construction cycle underpinned by record levels of immigration and friendly Government policy. We basically built houses at record levels for year after year. Also, increasing house prices and low interest rates resulted in many people using the equity in their house to do renovations. Also, he didn't even run the Bunnings business (John Gilham did in his time). At the Wesfarmers exec and board levels they are essentially allocators of capital. However people like Goyder operate above the line. When things go well they look in the mirror, when things go bad they look out the window. Always someone to blame. Nothing ever sticks.

Hubris does most people in after successful runs like that. Success in one area doesn't mean you will have success in another.

Goyder's stint at the AFL and Qantas have both been shambolic. I don't think in my time I have seen a company and brand lose as much goodwill as Qantas has under Goyder's watch as Chairman.

[D Mitchell]

Newbury is close pals with Bastiaan (I don't know where the z came from) and is literally on the record about his policy being kicking homeless people out and selling the land they're on.

Vote Quimby.

I have no idea who your Bastiaan is. Before I posted, I googled it, came up with Jan Bastiaan, Dutch psych, I could swear that yesterday Jan spelt his name with a z. Whatever, Newbury looks more ALP socialist left than Liberal hard right. Quimby, Diamond Joe from the Simpsons ?

[EasternWest]

I have no idea who your Bastiaan is. Before I posted, I googled it, came up with Jan Bastiaan, Dutch psych, I could swear that yesterday Jan spelt his name with a z. Whatever, Newbury looks more ALP socialist left than Liberal hard right. Quimby, Diamond Joe from the Simpsons ?

Marcus Bastiaan and I'm now convinced you're trolling me. Well done, hook like and sinker.

[Grantysghost]

Marcus Bastiaan and I'm now convinced you're trolling me. Well done, hook like and sinker.

N.Mitchell maybe.

[hujsh]

I have no idea who your Bastiaan is. Before I posted, I googled it, came up with Jan Bastiaan, Dutch psych, I could swear that yesterday Jan spelt his name with a z. Whatever, Newbury looks more ALP socialist left than Liberal hard right. Quimby, Diamond Joe from the Simpsons ?

Hehe, that's not a thing that exists.

[Grantysghost]

We should avoid political spectrum debates.

[hujsh]

We should avoid political spectrum debates.

So no political compass memes? Yes best to avoid that.

[EasternWest]

We should avoid political spectrum debates.

This isn't a debate. This is a segue.

Back in track though, I reiterate. Vote Quimby.

[Grantysghost]

So no political compass memes? Yes best to avoid that.

Haha. I don't care if you're a cow hugger or blue beef eater I'll judge you as a person.

[Grantysghost]

This isn't a debate. This is a segue.

Back in track though, I reiterate. Vote Quimby.

This is a tribute! Great work.
.

[jeemak]

I get there is a process to follow but hasn't this dragged on 6 months too long?
It sounds like Goyder's preferred candidate was our President KWW but he was out voted and Andrew Dillon will be the default appointment unless there is a late candidate to consider. It only needs one of the other 4 to change their mind and the job might swing back to KWW so don't rule her out.
Dillon should have got the role months ago.

I've met Goyder and he is both intelligent, stubborn and very capable of a major miscalculation based on over confidence.
I wonder if the appointment will have a Bunnings UK type result for the AFL.

It sounds precisely like there isn't a process, actually.

[FrediKanoute]

He misunderstood consumers more than anything else based on how successful Bunnings was by not acknowledging that their main competitor back 25 + years ago folded and the rest of the hardware sector was cash strapped and couldn't compete.
The Bunnings business rode on the coat tails of all those home renovation shows and big box hardware stores become popular and year on year double digit sales growth came easy to the business. In other words it came too easy for them and gave Wesfarmers a false sense of their own ability. They never really had any competition and had suppliers wrapped up in a tight bow.
Given Bunnings success he thought that Wesfarmers and their execs understood the retail market when they really didn't.
They did some things exceptionally well but also burned cash along the way with some poor decisions.

I think there is a chance he has misread this process and made it far more complicated than it needed to be.

He bought the wrong business in the UK. B&Q would have been a much better buy for Bunnings - essecintially the same model, big shed style store.

Homebase is a halfway house between a hardware store/soft furnishing store/nursery