The fuel retailer on Monday said Gailey, who has been chairman since 2015 and on the Caltex board since 2007, will be replaced by current non-executive director Steven Gregg.
Gregg has held a number of listed company board positions, including chairman of Goodman Fielder, and has more than 25 years of experience in investment banking and management consulting, Caltex said.
A few months ago, Caltex Australia has sealed the acquisition deal of Milemaker Petroleum after ACCC decided not to oppose the transaction. Milemaker will transfer the operations of its service stations to Caltex in the coming weeks. The petrol company will enter into long term leases for each of the sites with options out to 30 years.