Wesfarmers announced changes to the leadership structure of its industrial businesses with David Baxby to step down as Managing Director of Wesfarmers' Industrials division. With Mr. Baxby's departure, Wesfarmers has implemented changes to the leadership structure of its industrial businesses which reflect the respective scale and opportunities of Wesfarmers Chemicals Energy and Fertilisers (WesCEF) and the Industrial & Safety businesses. The leadership changes are effective April 2020. Ian Hansen, the Chief Executive Officer of WesCEF, will report directly to Mr. Scott. Tim Bult, currently Director of Associate Businesses and Corporate Projects, has been appointed Managing Director of Wesfarmers Industrial & Safety to continue to support each of the CEOs of the respective businesses. Mr. Bult has significant operational and commercial experience having served in a range of leadership positions throughout the Group, including as Managing Director of Wesfarmers Energy from 2006 to 2009 and Executive General Manager of Wesfarmers Business Development from 2009 to 2015. Most recently, Mr. Bult led the successful demerger of Coles. Mr. Bult will report to Anthony Gianotti, the Group's Chief Financial Officer.