United Petroleum appoints CEO, CFO ahead of float
BRIDGET CARTER, The Australian
September 21, 2016 1:42pm
Petrol retailer and wholesale United Petroleum has hired former Incitec Pivot and Coles executive Gary Brinkworth as its chief executive and Neale O’Connell as chief financial officer as the group prepares for a listing on the Australian Securities Exchange.
The company is founded by Avi Silver and Eddie Hirsch, who are directors of the business, and are in the process of assembling its board, which will include Martin Hudson as chairman and non executive directors Tim Antonie and John Slack-Smith.
A further non executive director is to be appointed.
United Petroluem is floating through Credit Suisse and Morgan Stanley by the end of the year.
It is understood that the hope for the company is that it will float before the end of November in what will be a business worth more than $1 billion.
Mr Brinkworth has spent 17 years with BP Oil and has had executive roles at top Australian listed companies such as Incitec Pivot and the former Coles Group.
Mr O’Connell is the outgoing CFO at Tatts Group, which announced his departure today.
Mr Brinkworth will officially commence his role in November 2016, with Mr O’Connell due to commence in February 2017.
United Petroleum is an independent Australian-owned petrol and convenience company which offers customers premium, quality fuels, specialising in the retail and wholesale fuel markets, along with the convenience stores and ethanol manufacturing market.