Caltex Australia announces new chairman

Caltex Australia Ltd. announced the appointment of Greig Gailey, currently deputy chairman, as the chairman of the Caltex board, following the retirement of current Chairman Elizabeth Bryan effective Dec. 9, 2015. Bryan was appointed to the Caltex board in 2002 and as chairman in 2007.

Bryan said she agreed to continue to serve an additional period on the board earlier this year “to assist Caltex with embedding recent changes to the business and to enable an orderly board succession process.”

“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.”

Gailey is chairman of the Horizon Roads Group and the Australian Advisory Board of Canada Steamships. He also serves as deputy chairman of the Victorian Opera Company. Gailey has extensive resource sector, business transformation and public policy experience, having 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. Gailey has served as a non-executive director since 2007.

“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,” Gailey said.

Caltex Australia also announced the appointment of Steven Gregg to the board effective Oct. 9, 2015. Gregg also has been appointed as a member of the board’s nomination committee. 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.

Gregg has more than 20 years of experience in in senior management and consulting roles in Australia and overseas, including as partner in the Corporate Finance and Financial Institutions practice at McKinsey & Company and global head of investment banking and CEO at ABN Amro.

Gregg is a director of Challenger Limited, Challenger Life Company Limited, Tabcorp Holdings Limited and William Inglis & Son Limited, and serves as chairman of The Lorna Hodgkinson Sunshine Homes, a trustee of the Australian Museum and a member of the Grant Samuel non-executive advisory board.