Bapcor Appoints Chris Wilesmith as CEO with $1.3M Salary and Incentives
Bapcor Limited has appointed Chris Wilesmith as its new CEO and Managing Director, signaling a strategic leadership shift aimed at accelerating growth in the automotive aftermarket sector.
- Chris Wilesmith appointed CEO and Managing Director effective 14 January 2026
- Outgoing CEO Angus McKay resigns after 16 months, aiding transition
- Wilesmith brings extensive experience from Jaycar Electronics, Mitre 10 NZ, and Super Retail Group
- Service agreement includes $1.3 million fixed remuneration plus performance incentives
- Board emphasizes focus on business recovery and growth under new leadership
Leadership Transition at Bapcor
Bapcor Limited, a key player in the automotive aftermarket industry, has announced a significant leadership change with the resignation of CEO Angus McKay and the appointment of Chris Wilesmith as the new CEO and Managing Director. Wilesmith will officially take the helm on 14 January 2026, with McKay supporting a transitional period to ensure continuity.
A Veteran with Deep Industry Roots
Chris Wilesmith arrives with a wealth of experience spanning trade, retail, and supply chain operations across Australia and New Zealand. His executive track record includes leadership roles such as Group CEO & MD of Jaycar Electronics, CEO of Mitre 10 New Zealand, and a substantial tenure at Super Retail Group, where he served as Managing Director of Supercheap Auto. This background positions him well to navigate the complexities of Bapcor’s diverse automotive aftermarket segments.
Strategic Focus on Growth and Performance
Bapcor’s Chair, Lachlan Edwards, highlighted that Wilesmith’s appointment aligns with the company’s ambition to enter a new phase of growth and enhanced performance. With Craig Magill overseeing the Trade and Networks segments, the company now boasts a leadership duo with deep sector expertise. The Board expressed gratitude to McKay for his role in stabilizing the company’s foundations during his 16-month tenure, setting the stage for recovery and expansion.
Terms Reflect Confidence and Incentive Alignment
Wilesmith’s service agreement includes a fixed annual remuneration of $1.3 million, supplemented by short- and long-term incentives ranging from 50% to 150% of his fixed pay, subject to Board targets. The contract also provides for relocation support and a 12-month notice period, underscoring the company’s commitment to securing stable leadership. Notably, provisions address potential changes of control, ensuring alignment with shareholder interests.
Looking Ahead
While the announcement does not detail immediate strategic shifts, the leadership change signals Bapcor’s intent to leverage Wilesmith’s extensive aftermarket expertise to drive operational improvements and growth. Investors will be watching closely for forthcoming updates on strategic initiatives and financial performance under the new CEO’s stewardship.
Bottom Line?
Chris Wilesmith’s arrival marks a pivotal moment for Bapcor as it seeks to translate industry experience into renewed growth momentum.
Questions in the middle?
- What specific strategic initiatives will Wilesmith prioritize to accelerate Bapcor’s growth?
- How will the leadership transition impact Bapcor’s operational performance in the near term?
- Will there be changes to Bapcor’s capital allocation or investment strategy under the new CEO?
