Caltex Australia Limited announced the retirement of its chairman, Elizabeth Bryan, on 9 October 2015. Greig Gailey, the current deputy chairman, will take over as chairman of the Caltex Australia Board as of 9 December 2015.
Ms Bryan advised the Caltex Board that she will retire as chairman and non-executive director with effect from 9 December 2015. She was appointed to the Caltex Board in 2002 and as chairman in 2007.
“I am incredibly proud of all that the management and Board of Caltex have achieved during my tenure and I look forward to seeing all that will be achieved in the future,” Ms Bryan said.
The Board wishes to acknowledge Ms Bryan’s significant contribution to Caltex, in particular her leadership during Caltex’s transformation into an integrated transport fuels value chain business and its growth to become the outright leader in transport fuels in Australia.
Mr Gailey said, “It is an honour to be appointed to the role of chairman. Caltex is a business that has successfully adapted and transformed itself in response to change. As the pace of change continues to accelerate, I look forward to working with the Board and management to navigate those changes and drive the next phase of Caltex’s growth,” Mr Gailey said.
“I would like to thank Elizabeth for her outstanding stewardship of the business over the past eight years.”
Mr Gailey has served as a non-executive director on the Caltex Board since 2007. He is chairman of the Horizon Roads Group and the Australian Advisory Board of Canada Steamships. He has previously served as president of the Business Council of Australia and chairman of the Minerals Council of Australia, and as CEO of Zinifex Limited and Fletcher Challenge Energy Ltd.
In addition to the change of chairmanship, Steven Gregg has been appointed to the Board, also effective from 9 December 2015.
Mr Gregg has an extensive background in investment banking in Australia and overseas and he brings significant executive corporate finance, strategy, and mergers and acquisitions experience to the Caltex Board, Caltex Australia said.
C&I Media reached out to Caltex for further comment but there was no more information to be released at this early stage.