Z Energy is repaying debt faster than forecast. With anticipated reduced debt in 2018 from operating earnings, and divestment proceeds, Z said it expected to be close to its debt target faster than forecast. Some were being rebranded Z Energy, some were sold to Caltex franchisees or sold separately. Z had appointed Scott Bishop as its new chief innovation officer responsible for building an innovation capability within the company. Mr Foster said the partnership was a sign of Z wanting to be relevant in the future.

Source: Otago Daily Times January 25, 2017 17:07 UTC