Mitchell Neems, 09 October 2015

Elizabeth Bryan will resign as chairman of Caltex Australia, to be replaced by her deputy Greig Gailey.

Ms Bryan was appointed to the Caltex board in 2002 and has served as chairman since 2007.

Earlier this year, she agreed to stay on in the role “to assist Caltex with embedding recent changes to the business and to enable an orderly board succession process.”

Following recent appointments Ms Bryan said she was confident the board is well placed to secure the achievements she has put in place, and to oversee the next phase in Caltex’s growth.

Ms Bryan has been credited with providing a steady hand 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 will take over from Ms Bryan on December 9.

He is a former president of the Business Council of Australia and chairman of the Minerals Council of Australia, and also serves as chairman of the Horizon Roads Group and the Australian Advisory Board of Canada Steamships.

“It is rewarding to be able to pass the baton to a new chairman of Greig’s experience, depth of knowledge, and capability and I am confident that he will serve our shareholders well,” Ms Bryan said.

Caltex also announced today that Steven Gregg has been appointed to the board as an independent director.

Mr Gregg is a director of Challenger Limited, Challenger Life Company Limited and Tabcorp Holdings. He has over two decades experience in senior management and consulting roles, including as partner in the Corporate Finance and Financial Institutions practice at McKinsey & Company.

Business Spectator

Extracted in full from The Australian.