Caltex CEO Julian Segal has flagged fuel volumes sold to airline carriers could be “affected by 10 per cent” as a result of the coronavirus but noted they were not yet “seriously impacted” and were monitoring the situation closely. The company’s half-yearly results were in line with expectations but it’s also dealing with two overseas bidders. “Caltex sits on some extremely significant assets that are privileged when you look at the real estate and the competitive advantage that it offers us to deliver value for our shareholders,” CFO Matt Halliday told Sky News. “We have a business that is creating a lot of value,” he said. Mr Segal is will step down as CEO from March 3, with CFO Matt Halliday to take the reigns. Image: News Corp Australia
Extracted from News.com.au