Mr Peacock said it was vital that Coles Myer move forward under Mr Fletcher's leadership, and that was "more achievable with new directors joining the board of Coles Myer in due course". AMP led a revolt by institutions against Mr Lew's leadership of Coles Myer in 1995 which saw him step down as chairman but retain a board seat. AMP's decision to again publicly oppose Mr Lew was consistent with its own "disastrous business performance", a Lew source said yesterday.