Sorry I still dont get the difference between the Central Executive and Phonological Loop? Can you please elaborate. 
Essentially the phonological loop is a temporary store for sounds (think of a phone when you hear 'phono'), so when you're sub-vocally rehearsing verbal information you're using your phonological loop.
The Central Exec. however, coordinates or integrates material from the slave systems of working memory. It makes the decisions and combines the loop and the sketchpad (I like to think of the Exec as the 'Big Boss').
For example, working out the price of 5 tins of Pringles, your C. Exec would decide that you need your 5 times tables, order the Buffer to retrieve these times tables from LTM, at which point the sketchpad might form the mental image of "5 x 2.45", the phonological loop might be in use "5 x 2.45, 5 x 2.45, 5 x 2.45" while the Central Executive coordinates that material and makes the decision as to how much those Pringles are going to cost you.
I'm really sorry if I just confused you more. I'm not used to explaining things without the use of my hands and verbal intonation lol.