Review of Retail Operating Model

Genesis Energy today announced that it has commenced a review of its retail operating model. Subject to the outcome of the review process, a reduction of around 200 roles across FY24 and FY25 may result.

Chief Retail Officer Stephen England-Hall said part of the strategy review is looking at how to simplify the retail business and ensure resources are focused in the right areas to support our customers.

Focus will be on supporting staff through the process which will be confidential to them until the new operating model is confirmed.

Further details on future strategy, operating expenditure and future company performance will be provided at the Genesis Investor Day in November.

ENDS

For investor relations enquiries, please contact:
Tim McSweeney
GM Investor Relations & Market Risk
M: 027 200 5548

For media enquiries, please contact:
Chris Mirams
GM Communications & Media
M: 027 246 1221

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Announcement PDF