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DCC - DCC News Story

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Sector
Energy
Size
Large Cap
Market Cap £4.95bn
Enterprise Value £5.76bn
Revenue £15.12bn
Position in Universe 134th / 1834

DCC PLC - Board Change

Mon 24th February, 2020 8:38am
RNS Number : 8834D
DCC PLC
24 February 2020
 

 

 

24 February 2020         

 

Board Change

 

DCC plc, the leading international sales, marketing and support services group, announces the appointment of Mr. Tufan Erginbilgic as a non-executive Director and a member of the Remuneration Committee and of the Nomination and Governance Committee, with effect from 6 April 2020.

 

Tufan has been BP's Downstream Chief Executive, and a member of its executive team, since 2014, with responsibility for BP's global fuels, lubricants and petrochemicals businesses.  He plans to leave this position at the end of March 2020.  

 

The business had revenues of circa £160 billion, operations in over 100 countries and 45,000 employees, with a portfolio which included multiple business models - consumer goods, retail, business to business, manufacturing (refining and petrochemicals) and supply and trading.  It was particularly focused on expansion in fast-growing markets, retail partnerships, electric vehicle charging and use of bioproducts. 

 

Tufan was previously Chief Operating Officer of BP's Downstream segment (2009 to 2014), Chief of Staff to the Group Chief Executive (2007 to 2009), Chief Executive, Lubricants (2006 to 2007) and held several other management and executive roles within BP (1997 to 2006). 

 

Tufan also held various management roles in Mobil Oil (1990 to 1997).

 

Tufan is a former non-executive director of GKN plc (2011 to 2018).

 

The Chairman of DCC plc, John Moloney, said today:

 

"I warmly welcome Tufan to the Board. His leadership experience and expertise in the downstream global fuels, lubricants and petrochemicals businesses will deepen Board knowledge and insight in regard to key sectors in which DCC operates.  His detailed knowledge and experience of new energy technologies and applications are of particular relevance to DCC as we continue to expand the range of cleaner energy products and services we provide."

 

There are no details to be disclosed under Listing Rule 9.6.13 (1) to (6) of the Listing Rules of the Financial Conduct Authority in respect of Mr. Erginbilgic.

 

  

For reference:

Gerard Whyte

Company Secretary

 

Tel: +353 1 2799 400

Email: companysecretary@dcc.ie

Web: www.dcc.ie

  

About DCC plc

DCC is a leading international sales, marketing and support services group with a clear focus on performance and growth. It operates through four divisions: LPG, Retail & Oil, Technology and Healthcare. DCC plc is listed on the London Stock Exchange and is a constituent of the FTSE 100.  In its financial year ended 31 March 2019, DCC generated revenue of £15.2 billion and operating profit of £460 million. 

 

 

 

 


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