Caltex CEO to retire, search for replacement begins

The leader of Caltex Australia for the past decade has announced his upcoming retirement.

Managing director and chief executive Julian Segal, who started at the petrol and convenience business in 2009, will stay on board until a suitable replacement is found.

Caltex chairman Steven Gregg said Segal has made significant contributions to the company during his tenure.

“Julian has delivered outstanding outcomes for Caltex’s shareholders, improving operational and financial performance and steering the company through a number of challenges and transitions,” Gregg said. 

“We are pleased that Julian will continue to work to execute our strategy and ensure continuity of leadership as we implement plans to find his successor.”

Julian oversaw major milestones in the petrol business, such as the closure of the Kurnell refinery, the establishment of Ampol Singapore, our expansion into New Zealand and the Philippines, and developing Caltex’s international fuel sourcing and supply chain, as well as driving an improved convenience offer in Australia. 

Julian Segal. Source: caltex.com.au

According to Gregg, Segal will be leaving an agile and resilient Caltex that is poised for further growth.

Segal said leading the business has been an honour, and that he is committed to leading the business through the search for his replacement.

“I am proud of what’s been achieved for shareholders, customers, employees and our community partners,” Segal said. 

“Caltex’s strength has always been its ability to adapt and transform and the company has an exciting future. I look forward to continuing to work with my colleagues to deliver the Caltex strategy as the Board works through the succession process.”

Caltex will deliver its half-year results later this month. It expects group earnings before interest and tax to be just $120-140 million, compared to the $443 million it reported in the 2018 half, due to difficult conditions rising from a slowing Australian economy.

Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.

Comments

Comment Manually

I have read and agree to the Terms and Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inside Retail Polls

Is the US-China trade war having an impact on your business?
Vote

Twitter

#AlceonGroup announce first Victorian @Lego_Group store to open in @WestfieldAU Doncaster #retail https://t.co/qMfYJp5WFM

4 days ago

Almost half of online marketplace @Kogan gross profit for FY19 came from its private label offering #retail #onlinehttps://t.co/lLwhKBnVp2

5 days ago

Talks of a merger between @OZretailers and @retailaustralia have come to a close, with the parties failing to align… https://t.co/hkqHyDsBkr

2 weeks ago
x

SUBSCRIBE
FREE NEWS BRIEFS Get breaking news delivered