DAVID BAXBY EXCLUSIVE INTERVIEW: WHAT I LEARNED FROM RICHARD BRANSON AND 'SURVIVORSHIP'
1 June 2017, Written by Ben Hall
WHEN Wesfarmers revealed this week that David Baxby had been appointed managing director of its Industrials division from August 2017, the announcement came as something of a surprise.
"Richard Branson is exactly as he is on the tin. I haven't met too many more authentic people in my life."
And so really, to cut a long story short, I don't think I can really think of a time where I ever had a disagreement with Richard about anything. Maybe his desire for speed and innovation was probably greater than mine, I'm a naturally fairly conservative person, but apart from that he taught me to invest and he taught me to care about people and that's something that I'll never forget.
"I think a lot of investors in any situation underestimate 'survivorship'. It's really about being in the right place at the right time."
It was also right at the point where there were a number of positions going on at senior management level so it was 'right place right time'. I didn't sit down and actually plan it out. It just simply happened, but it's the sort of place that you've got to ask for what you get. You've got to put yourself in the right position and I don't regret a minute that I spent with the group.
Author: Ben Hall