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Caltex Oil South Africa, an affiliate of global energy company ChevronTexaco, announced that its chairman and CEO, Dana Flanders, will be leaving South Africa to take up a new position in ChevronTexaco Corp. as advisor to the vice-chairman of ChevronTexaco board, with the appointment effective as of Oct. 16. He will be based at the ChevronTexaco headquarters in San Ramon, Calif.
Going forward, Caltex said it would separate the joint portfolio of chairman and CEO, in accordance with good corporate governance practices and to better focus accountability.
James Seutloadi, currently the group's director and general manager of corporate and government affairs, will assume responsibilities as chairman of the board. Bereket Haregot, presently ChevronTexaco's global marketing vice president for the Africa-Pakistan region will become the new CEO.
In other news, U.K. independent convenience store retailers are calling for a temporary ban on acquisitions by major supermarket chains of convenience stores.
Ministers of Parliament representing small shop owners have asked for a 12-month ban while the Office of Fair Trading investigates.
In the last two years supermarket retailers such as Tesco, Sainsbury's and the Co-op have acquired more than 2,000 convenience stores.