1 00:00:00,960 --> 00:00:03,600 Speaker 1: You're listening to a Shears These podcast. 2 00:00:04,440 --> 00:00:08,200 Speaker 2: Let's chat about you. You're a dual Olympian, Silver mid middleist, 3 00:00:08,640 --> 00:00:12,640 Speaker 2: investment banker and now CEO. I want to Australian's largest companies. 4 00:00:13,080 --> 00:00:16,400 Speaker 2: What's your secret to thriving under these pressure cooker environments. 5 00:00:16,560 --> 00:00:19,720 Speaker 1: The first thing you learned very quickly as a CEO 6 00:00:20,160 --> 00:00:23,360 Speaker 1: is really it's not about you, it's about everyone else 7 00:00:23,400 --> 00:00:27,880 Speaker 1: around you, right, So I think it's ensuring that you 8 00:00:28,000 --> 00:00:31,240 Speaker 1: have phenomenal people working with you. And I don't mean 9 00:00:31,280 --> 00:00:34,440 Speaker 1: good people, I mean phenomenal people. And you come back 10 00:00:34,479 --> 00:00:36,640 Speaker 1: to where we started, which is we want to deliver 11 00:00:36,720 --> 00:00:39,960 Speaker 1: a top quartile total shareholder return. We want to be 12 00:00:40,320 --> 00:00:43,040 Speaker 1: in the best twenty five percent of companies over the 13 00:00:43,080 --> 00:00:45,879 Speaker 1: long term. And if you have great people, then they 14 00:00:45,880 --> 00:00:48,560 Speaker 1: are going to be very capable of making the right decisions. 15 00:00:48,600 --> 00:00:52,599 Speaker 1: So as a leader, you just need to create the settings, 16 00:00:52,680 --> 00:00:55,520 Speaker 1: the culture of the environment and the support for them 17 00:00:55,560 --> 00:00:58,120 Speaker 1: to ultimately get on and make the right decisions. 18 00:00:58,240 --> 00:01:00,400 Speaker 2: As there any listens that you've bought over from sporting 19 00:01:00,440 --> 00:01:01,040 Speaker 2: into business. 20 00:01:01,200 --> 00:01:04,120 Speaker 1: When you're training with a group of people that every 21 00:01:04,200 --> 00:01:05,800 Speaker 1: day you get up and you're trying to be the 22 00:01:05,800 --> 00:01:08,240 Speaker 1: best in the world, and every single thing you do, 23 00:01:08,440 --> 00:01:11,520 Speaker 1: from what you eat for breakfast and your training session 24 00:01:11,680 --> 00:01:16,600 Speaker 1: to the stretching and the recovery and the planning all 25 00:01:16,880 --> 00:01:19,160 Speaker 1: and all of that is about being the best in 26 00:01:19,160 --> 00:01:21,960 Speaker 1: the world. There came a point in time where it 27 00:01:22,040 --> 00:01:24,399 Speaker 1: was very clear that physically I was not going to 28 00:01:24,440 --> 00:01:27,600 Speaker 1: be the best in the world in sport anymore. But 29 00:01:28,080 --> 00:01:29,880 Speaker 1: you know, I wanted to be part of a team 30 00:01:30,000 --> 00:01:32,360 Speaker 1: that shared a similar sense of ambition and that's what 31 00:01:32,440 --> 00:01:35,640 Speaker 1: I love about West Farmers. And for a business like 32 00:01:35,720 --> 00:01:38,520 Speaker 1: Bunnings to be successful or came out to be successful, 33 00:01:38,920 --> 00:01:41,279 Speaker 1: we genuinely have to be the best in the world. 34 00:01:41,360 --> 00:01:44,680 Speaker 1: Like we are fighting tooth and nail with companies like Amazon, 35 00:01:45,240 --> 00:01:50,800 Speaker 1: with Costco, with Audi that are really large international companies, 36 00:01:50,920 --> 00:01:54,360 Speaker 1: best in their class. So you know, that sense of 37 00:01:54,640 --> 00:01:57,480 Speaker 1: trying to be the best in the world I think 38 00:01:57,600 --> 00:01:59,960 Speaker 1: translates really well from sport to business. 39 00:02:00,200 --> 00:02:02,520 Speaker 2: So before we reap, do you have a favorite quote 40 00:02:02,600 --> 00:02:05,640 Speaker 2: or piece of advice that you've picked up along the way. 41 00:02:05,880 --> 00:02:09,480 Speaker 1: One of my favorite quotes is when the horse is dead, 42 00:02:09,520 --> 00:02:12,960 Speaker 1: get off, And I think that actually has a lot 43 00:02:12,960 --> 00:02:16,720 Speaker 1: of relevance in investing. So for your investors out there, 44 00:02:17,160 --> 00:02:19,960 Speaker 1: sometimes you need to know when to you know when 45 00:02:20,000 --> 00:02:22,480 Speaker 1: to get out right. Hopefully that won't be the case 46 00:02:22,520 --> 00:02:24,440 Speaker 1: with the West Farmers right. But look, if there is 47 00:02:24,480 --> 00:02:27,079 Speaker 1: a quote that I think is very inspiring and relevant, 48 00:02:27,120 --> 00:02:31,360 Speaker 1: it's that old Roosevelt quote the critic. It just talks 49 00:02:31,360 --> 00:02:34,800 Speaker 1: about how easy it is to be the critic. But 50 00:02:34,960 --> 00:02:37,920 Speaker 1: really what matters in life, it's the person in the 51 00:02:37,960 --> 00:02:41,880 Speaker 1: arena that's trying that failing, they're getting up, they're having 52 00:02:41,880 --> 00:02:47,160 Speaker 1: another go. And you know, in history, in life, in business, 53 00:02:47,240 --> 00:02:52,640 Speaker 1: in sport, it is those people that ultimately create value, 54 00:02:52,760 --> 00:02:56,480 Speaker 1: create change, do special things. And i'd like to think 55 00:02:56,560 --> 00:02:58,680 Speaker 1: that you know, in the West Farmers group, we have 56 00:02:59,200 --> 00:03:02,040 Speaker 1: far more people in the arena having a go than 57 00:03:02,120 --> 00:03:05,160 Speaker 1: we do critics sitting on the sideline commenting on things. 58 00:03:05,280 --> 00:03:07,880 Speaker 2: Investing involves the risk you might lose the money you 59 00:03:07,919 --> 00:03:11,200 Speaker 2: start with. We recommend talking to a licensed financial advisor. 60 00:03:11,880 --> 00:03:15,760 Speaker 2: We also recommend reading product disclosure documents before deciding to invest.