As a Managing Director of Coles, John Durkan has a lot of authority. However, Coles Ceo John Durkan is in the senior role of the Coles so, the company’s performance lies in his hands.
As you may know, Coles is an Australian supermarket, consumer services chain, and retail owned by parent company Wesfarmers. But in 2018, the Wesfarmers made an announcement throughout its intention to demerge the Coles business.
As per the expectation, it will complete in November 2018. While handling business, many ups and downs appear and that applies to people’s private life too. So, What’s going on in managing director’s personal life? Is Coles Ceo John Durkan married? How old is Coles Ceo John Durkan Durkan?
Explore the latest updates on Coles CEO John Durkan career as well as his private life including John Durkan wiki facts, salary, and net worth updates.
Who is Coles CEO, John Durkan?
Coles CEO John Durkan serves as the Managing director of the Coles Supermarket since July 2014. Apart from that, Coles CEO John Durkan joined Coles as merchandise director in July 2008.
Besides, the company holds a $20 billion demerger from Wesfarmers which is why Durkan’s career is coming to an immediate end. The Coles boss was a consumer’s champion just two years ago.
The avaricious suppliers were seemingly charging extortionate margins on their products and he was protecting the shoppers from them.
The retiring managing director of the Coles, John Durkan described what it is like to sacrifice family life and spend a decade working on the big supermarket.
Durkan opened up to the Australian,
“There is always stuff you need to do and you never leave the job finished. You always have that sickness in your stomach that says, ‘if I had a little more time to do something this is what I would do’.”
Coles CEO John Durkan also added;
“And I’ve given 10 really tough years to Coles, and through this process, I have realized the sacrifice you make in terms of family.”
As a separate company on the ASX, the company is floating off the retailer after planning to separate. Moreover, Steven Cain will replace John Durkan as the managing director of Coles.
Coles CEO John Durkan Wiki-Bio
John Durkan is famously known for serving as the managing director at Coles Group Limited since July 1, 2014. He also worked as its Merchandise Director.
From June 2013 to July 2014, Coles CEO John Durkan worked in Coles Division Wesfarmers Limited, as the Chief Operating Officer. He also served as the Chief Operating Officer and Trading Director from 2005 to 2008 at The Carphone Warehouse PLC.
In the UK, Durkan worked with Safeway Stores PLC, a large-scale food retailer, for 17 years. Following his decision to step down from the post of CEO, Durkan said,
“I got wonderful texts from my daughters, who are looking forward to seeing more of me and spending more time with me.”
Since the Coles CEO mentioned about his daughters, then we can assume that Durkan is already a married man. Anyway, information regarding Coles CEO John Durkan wife and married life is yet to reveal.
John Durkan Net Worth
Coles CEO John Durkan would be retiring as the managing director of the Coles but how much did he earn in the meantime?
Last year, the company’s earnings fell for the first time in history while Durkan failed his financial performance as the managing director of the company.
Hey @Coles Boss John Durkan. We need safer road transport industry, not a cheaper one. More: http://t.co/VHiC9W3mQR pic.twitter.com/oVy0oUDLfb
— TWU Australia (@TWUAus) September 22, 2015
Yet Durkan somehow managed to take around $5.6 million – almost $400,000 home even though he lost his short-term cash bonus.
And he still received $1.87 million which is about a one-third of the yearly incentives. In the case of Durkan’s salary, he earned A$2,155,380 in the year 2017.
You might have guessed Coles CEO John Durkan net worth to be in millions of dollars which is true. But as of 2018 John Durkan net worth estimation is under review and will be updated soon.
