Viva Energy's convenience and mobility CEO Jevan Bouzo resigns
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More news: Viva Energy was the worst performer on the ASX 200 today, as E&P analyst Adam Martin said that "the market will rightly question" the resignation of convenience and mobility (C&M) CEO Jevan Bouzo.
Viva shares were down 8.9% to $1.80 at 2:30pm AEST. E&P cut its valuation by 14% to $2.40 per share "to reflect the uncertainty" following this morning's announcement.
E&P also lowered its C&M earnings forecasts for FY26, though Martin noted that "as long as Viva delivers an improved 2H25 C&M performance and refining margins continue to track as they have been, Viva's equity will move higher in the 6-12 months".
What they said: "We retain the positive view but recognise there is risk," Martin said.
"We did notice quite a bit of institutional investor frustration on Viva's convenience strategy and leadership during the August 2025 results season. This was in contrast to Ampol where there was a lot more conviction on the strategy, recent acquisition and earnings profile.
"The question is whether Viva's equity is already priced given the under-performance in the last 12 months and whether Viva can grow its C&M earnings from the 2QCY25 data-point. Today's announcement creates more uncertainty but we are conscious the equity has fallen a long way and its other segments appear to be trading well."
Viva Energy shares sink as convenience and mobility CEO Jevan Bouzo quits
More news: Viva Energy was the worst performer on the ASX 200 after announcing the resignation of its convenience and mobility CEO Jevan Bouzo this morning.
Viva shares were down 9.1% to $1.79 at 11:05am AEST, taking 12-month losses to 37.9%.
Viva Energy's convenience and mobility CEO Jevan Bouzo resigns
The news: Fuel retailer Viva Energy has announced that the chief executive of its core convenience and mobility (C&M) business, Jevan Bouzo, has resigned and will leave the company at the end of the year.
The context: Viva said it will immediately begin a search for a new head of the C&M business with "significant retail industry experience".
Current group chief operating officer Jennifer Gray will take up the role of interim C&M CEO to support the retail leadership team on near term priorities. Gray has been a member of Viva's executive team for the last three years.
What they said: "I would like to thank Jevan for his contributions to Viva Energy over the last ten years, as group CFO, COO and more recently as CEO of our convenience and mobility business," said group CEO Scott Wyatt.
"He led the acquisition of Coles Express, OTR Group, and Liberty Convenience to establish the largest convenience retail business in Australia."
The source: ASX
