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Tag: viva energy

  • Viva Energy Convenience Earnings Jump 86% in First Half

    Viva Energy Convenience Earnings Jump 86% in First Half

    Viva Energy lifted adjusted EBITDA in its convenience and mobility division by 86.4 per cent to $774.4 million in the first half ending June 30.

    The convenience and mobility arm contributed $138.7 million to underlying group earnings, supported by higher retail fuel margins and stronger customer footfall across its Australian service stations. Group EBITDA rose 154 per cent to $774.4 million, landing inside the company’s previously stated guidance range.

    Liberty Integration Adds Volume

    Acquisition volume drove a substantial share of the division’s gains. Viva Energy integrated the Liberty Convenience network in March, adding retail fuel throughput and boosting non-fuel convenience sales across company-operated sites.

    The group’s performance mirrors a broader trend across Asia-Pacific fuel retailing, where operators such as rival Ampol are pivoting heavily toward convenience store merchandising to offset volatile refining margins. Forecourt retailers across the region are redesigning site formats to capture higher-margin grocery and ready-to-eat food sales from commuter traffic.

    Network Optimization Continues

    Management continues to roll out convenience upgrades across the company’s retail footprint. The operational focus shifts to second-half store conversion targets and margin retention across the integrated Liberty and Shell-branded network.

  • Revitalizing Retail: Viva Energy Appoints Former Myer Exec Teresa Rendo as New CEO

    Revitalizing Retail: Viva Energy Appoints Former Myer Exec Teresa Rendo as New CEO

    Viva Energy Group, a prominent oil company, has announced the appointment of Teresa Rendo as the Chief Executive Officer (CEO) of its retail division, Convenience and Mobility.

    Experienced Retail Executive Joins Viva Energy

    Teresa Rendo joins Viva Energy with a treasure trove of experience amounting to more than 25 years. She has held significant roles at renowned retail giants like Big W and Woolworths. Her most recent role was as the Managing Director of Myer’s Apparel Brands.

    Scott Wyatt, the Managing Director and Group CEO of Viva Energy, expressed his pleasure in welcoming Teresa to the executive leadership team. He described her as a seasoned retail leader who boasts of in-depth expertise in diverse areas such as trading, product sourcing, and innovation, as well as operational efficiency in multi-brand environments.

    Rendo’s appointment comes during a challenging period for Viva Energy’s Convenience and Mobility business. Sales had seen a downturn of 11.4% in the most recent quarter compared to the same period last year. The company also had to undertake an extensive search for a CEO following the resignation of Jevan Bouzo in September of the previous year.

    High Expectations for the New CEO

    Wyatt has high expectations for Rendo in her new role. He stated that her focus on robust retail execution will be crucial in enhancing customer experience, stimulating revenue growth, and maintaining operational excellence.

    Rendo expressed her enthusiasm for developing a top-tier convenience business. Wyatt indicated his confidence in her ability, stating that he believes Rendo will significantly expedite the company’s progress towards achieving this objective.

    Rendo will assume her duties from the interim CEO, Jennifer Gray, starting in July.

    Questions & Answers

    Who has been appointed as the new CEO of Viva Energy’s Convenience and Mobility business?
    Teresa Rendo, a seasoned retail executive with over 25 years of experience, has been appointed the new CEO.

    What are the challenges she will face in her new role?
    Rendo is joining during a challenging period for the business, with recent sales falling by 11.4% from the previous year. She will also need to enhance customer experience, stimulate revenue growth, and maintain operational excellence.

    Who will Teresa Rendo be succeeding?
    Rendo will be assuming her responsibilities from the interim CEO, Jennifer Gray.