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He missed out on a long-term incentive after an aggressive investment in Coles meant Wesfarmers failed to meet return-on-equity hurdles set at 12.5 per cent.
When Mrs Kelly took on the top role at the bank in February 2008, Westpac's shares were trading at $25.90.
Gail Kelly leaves an important legacy at Westpac: a target of 50% of women in leadership roles by 2017.
The Directors of BWS International are delighted to welcome Yann to the firm where he will be responsible for developing business opportunities for the firm in Europe and elsewhere.
Yann and BWS have known each other and worked together for the last 3 years in the establishment of successful business subsidiaries in Australia and Canada with Cowan International.

Yann and his family have moved from Montreal, Canada to be based at our UK headquarters near Northampton and we all wish them “bonne chance” in their new life in the UK.
The pay packet is nearly double that pocketed by Mr McLeod the previous year and far eclipses that of his boss, the Wesfarmers managing director, Richard Goyder. Peter George, Claire Lowrie  and their  staff have always been extremely supportive and have created a personal "family" atmosphere. He brings a wealth of international experience gained from the petrochemical and mining sectors, together with his language skills, and the BWS team are very pleased to have secured his services to continue the international development of the firm. I have never had to worry about my salary being paid on time or felt any concerns about health insurance coverage.

Queensland dairy farmers nearly came to blows with the Coles merchandise director, John Durkan, during an industry conference last week over Coles' decision to slash the price of milk to $1 a litre.

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