The Viva Energy Group Ltd (ASX: VEA) share price is in focus today after the company announced a major leadership change in its Convenience and Mobility business, while confirming no changes to its previously stated outlook or strategy.
What did Viva Energy report?
- C&M CEO Jevan Bouzo has resigned and will leave at the end of the year.
- Group COO Jennifer Gray has been appointed Interim C&M CEO.
- Group CEO Scott Wyatt will directly oversee the execution of the retail strategy during the transition.
- Viva Energy reaffirmed no changes to its outlook or priorities as communicated in its 2025 Half Year Results.
What else do investors need to know?
Jennifer Gray brings over 25 years' experience in retail, including leading roles within the fuel and convenience sector. She was on the board of Liberty Convenience until its full acquisition in March and has been part of Viva Energy's executive team for three years.
The board has also set up a Retail Board Sub-Committee, chaired by independent director John Joyce, to provide additional oversight and guidance during this leadership transition. Jevan Bouzo's long-term equity program for 2024–28 will lapse in full following his resignation.
What's next for Viva Energy?
The company has started searching for a permanent leader for the C&M business, targeting candidates with deep retail experience. In the meantime, Jennifer Gray aims to maintain progress on near-term priorities and the ongoing OTR conversion program.
Viva Energy remains committed to its established retail strategy and long-term goals, with no disruption expected in the rollout of its plans. The company reaffirmed its outlook and priorities communicated during its August half-year results.
Viva Energy share price snapshot
Over the past year, Viva Energy shares have fallen 32%. That compares to a 8% rise for the S&P/ASX 200 Index (ASX: XJO).
